Corporate Social Responsibility in Sub-Saharan Africa: A Driving Force in Sustainable Development and Self-Sufficiency

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As old and new corporate players compete to gain ground in the various markets of Sub-Saharan Africa, Corporate Social Responsibility (CSR) is becoming an integral part of doing business on the continent. Multinational corporations should have an interest in leveraging their skills and impact to promote stability in the regions or developing nations where they operate, not only because it is the right thing to do, but also because it makes good business sense.

Through its core business activities, social investment programs and engagement in policy dialogue and civic institution building, large corporations can help create the conditions for stimulating trade, increasing domestic and foreign investment, and restoring appropriate legal and regulatory frameworks. International companies operating in Sub-Saharan Africa should develop their own corporate social responsibility concepts as an integral part of corporate and country strategy because it goes a long way toward engendering goodwill.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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