US investors flag corruption, IP and digital tax risks in Kenya and Nigeria
- The US Trade Representative's report criticizes Nigeria and Kenya for failing to address corruption and enforce intellectual property protections.
- Counterfeit software and widespread copyright infringement in Nigeria are undermining licensed operators.
- US companies in Nigeria face inappropriate demands for 'facilitative' payments from officials.
The ongoing challenges faced by US tech investors in Nigeria and Kenya highlight the need for stronger governance and regulatory frameworks to foster a more conducive environment for foreign investment. Addressing corruption and enhancing IP protection are critical steps that both governments must prioritize to attract and retain foreign businesses.
