oa Comparative and International Law Journal of Southern Africa - The constraints of government policy and plans on foreign investment: an example from Zambia



Perhaps in no other country are contradictions between government policy and investment legislation more apparent than in Zambia. Since the time of independence one investment Act after another has appeared but without any significant corresponding increase in the level of investments. In this article we take a long and historical course to demonstrate how the country's investment enactments fell victim to contradictory policies and plans. We also prove in a practical way the real link between certainty in policy and a growth in foreign investment. The reverse is also true: continuous shifts in policy and the inability to meet planned goals have alienated investor interest in the country. We also show how those contradictions continue to apply to current laws thus subjecting them to a similar fate.


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