| Abstract: | This paper reviews the definition and the importance of joint ventures (J.V.'s) as well as the determining factors for their formation with particular reference to agribusiness in sub-Saharan African countries. The study provides evidence to show: · that African countries have increasingly attempted to create an attractive environment to encourage foreign investment in general, and J.V.'s in particular; · and that where J.V.'s have been successfully established the host countries have benefited substantially. The paper concludes that while the various reforms underway in terms of political changes, liberalisation of regulations, privatisation, and other measures taken by African countries should encourage J.V. formation, much remains to be done as regards proper implementation of policies, promotion of entrepreneurship, strengthening regional markets, overcoming the debt crisis, and improvement of the infrastructure, all of which would require substantial support from the international community. |
