Nationalization of foreign investments in international law : the experience of selected African countries

TL;DRAbstract

This work is divided into four broad chapters. The first, discusses historical background to the concept and the rules governing nationalization of foreign-owned property in general, the second chapter deals with the question. of payment of compensation for nationalized foreign-owned property, the third is concerned with the role of foreign investments in African economic development and lastly the fourth chapter is devoted to case studies of nationalization measures in respect of selected African countries. Regarding the rules of international law governing nationalization measures, it is argued in the first chapter that, before the Second World War, when nationalization measures were not popular, international law concerned itself more with general acts of expropriation of private property. Although expropriation is related to the concept of nationalization, the two however, are distinct legal phenomena. It was during the Middle Ages that international law developed rules to regulate

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