Monday 03 December 2012
Foreign companies to invest in Africa's conflict zones
UN's first annual Forum on Business and Human Rights will take place in Geneva, Switzerland
UN's first annual Forum on Business and Human Rights will take place in Geneva, Switzerland
Yann/Wikimedia Commons
By Michel Arseneault

A growing number of foreign companies are investing in Africa - and not only in its blue-chip corporations. Some foreign investors are targeting disputed territories like Puntland, Cabinda and the Southern Cameroons. They hope that their business partners, self-determination movements, will one day be governments. Around 1,000 participants  met in Geneva Monday to discuss the impact of business on human rights. Participants from 85 countries will join the UN's first annual Forum on Business and Human Rights. It is designed to promote the implementation of the Guiding Principles on Business and Human Rights, which outlines what companies should do to ensure that they respect human rights. Jonathan Levy, a lawyer who advises companies who want to invest in conflict zones, admits that it's a risky business proposal.

 

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