By Spoor & Fisher
In the past few years business in Africa has been booming.
Owners of intellectual property rights generally adopt a medium
to long-term view and therefore patent protection in Africa is
an important factor for the increasing number of businesses
looking to Africa's long-term growth prospects.
Africa is replete with opportunities for business. The
world's second-largest continent, it covers approximately 12
million square miles – about one-fifth of the earth's
land surface. It has 54 independent countries and a population
of more than one billion people.
In 2011, The Economist and the IMF released statistics
showing that from 2001 to 2010, six of the top 10
fastest-growing economies were in Africa, and it is...