International Joint Venture Formation in the Agribusiness Sector: The Case of Sub-Saharan African Countries (Making of Modern Africa)

The central theme addressed in this book is "what determines joint venture formation in the food and agribusiness sector in sub-Saharan African countries, and what can be done to promote such ventures". A mixed research design is adopted for the study, incorporating a case study and a survey. The study attempts to answer such questions as: how conducive is the business environment in African countries for international joint venture formation? What are the preferred investment modes by foreign firms and why? Are there any significant differences between large MNCs and small/medium MNCs towards joint venturing in African countries? The study concludes with two sets of recommendations (for host country governments, and developed country governments and international organizations). Given the declining inflow of direct foreign investment to sub-Saharan African countries on the one hand, and the importance of the food and agribusiness sector in these countries on the other, it is hoped that the recommendations of the study will influence development policies of the countries of the region, with possible implications to developing countries of other regions.