The problem with most African countries is their political instability and poor governance where corruption levels are much worser than even India with not even public or judicial accountability. Look at Nigeria, a country that produces so much of oil and yet its people are so poor, with political, social and religious strife tearing the country apart.

Many industrial houses did venture out to Africa in the hope that, they would be able to do good business considering that the cost of production would be much lower than in India. But poor Govt support in getting the ventures to take off has put paid to their hopes and many have exited. But there are exceptions like Ethiopia which is seeing some sense of stability after decades of r_ape by the Marxist military establishment and the Eritrean war. Of course, South Africa can be called an exception because it is an emerging economy and there is better form of Govt. Lots of companies are checking out S.A as an investment avenue.

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