  This paper investigates whether foreign investment (FDI) into Africa is at
least partially responsive to World Bank-measured market friendliness.
Specifically, I conducted analyses of four countries between 2009 and 2017,
using cases that represent two of the highest scorers on the bank's Doing
Business index as of 2008 (Mauritius and South Africa) and the two lowest
scorers (DRC and CAR), and subsequently traced all four for growths or declines
in FDI in relation to their scores in the index. The findings show that there
is a moderate association between decreased costs of starting a business and
growth of FDI. Mauritius, South Africa and the DRC reduced their total cost of
starting a business by 71.7%, 143.7% and 122.9% for the entire period, and saw
inward FDI increases of 167.6%, 79.8% and 152.21%, respectively. The CAR
increased the cost of starting businesses but still saw increases in FDI.
However, the country also saw the least amount of growth in FDI at only 13.3%.
