A number of World Financial institution stories allude to the information challenges and the poor efficiency of African freezones in comparison with Asia, jap Europe and to a lesser extent Latin America resulting from implementation challenges. The idea of a freeport – an space the place regular tax and customs guidelines don’t apply – has existed for hundreds of years. Over time, totally different phrases have emerged. They embrace export processing zones, free commerce zones, particular financial zones and industrial free zones. West Africa has 29 free zones, spanning 11 international locations.
