222017Jun
Madagascar seeks investment from South Africa

Madagascar seeks investment from South Africa

President Hery Rajaonarimampianina says there are opportunities for South Africa to invest in energy, infrastructure, tourism, and mining. Malagasy President Hery Martial Rajaonarimampianina Rakotoarimanana has called upon South African businesses to invest in its energy, infrastructure, tourism, and mining sectors. Speaking at the conclusion of a two-day conference aimed at strengthening trade relations between both…

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302017May
SA, Kenya ranked second in EY Foreign Direct Investment report

SA, Kenya ranked second in EY Foreign Direct Investment report

EY’s Africa Attractiveness Index reveals that foreign investors gravitate to larger, more diverse economies. South Africa and Kenya have been named as this year’s second-most attractive investment destinations in EY’s Africa Attractiveness Index 2017 (AAI 2017). Morocco has taken first place. The AAI judges 46 African countries on six areas when determining how each country…

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252017May
Happy Africa Day 2017!

Happy Africa Day 2017!

Africa Day presents an opportunity for all Africans to reconnect and recommit themselves in support of all interventions to develop a better Africa and a better world! Africa Day celebrates the day when the Organisation of African Unity (OAU), the precursor to the African Union (AU), which was formed in 1963 and consists of 53…

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232017May
SA says unity, co-operation and integration is at the heart of Africa month

SA says unity, co-operation and integration is at the heart of Africa month

The African agenda includes plans to see economic and political co-operation and integration and the promotion of African stories and African content. South Africa’s Minister of Arts and Culture Nathi Mthethwa, who spoke at the launch of 2017’s Africa Month, said the occasion is cause for all who live in Africa to “…extend the definitions…

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112017May

Comfort Letters in the Mozambican Legal System

The development of trade has introduced a new atypical means of providing security currently widely used within the Mozambican legal system. Vasco Soares da Veiga defines the comfort letter as “simple solemn affirmation, undertaken by a certain company before a Bank, in which the subscriber of that letter introduces a certain client, normally an affiliate…

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32017May
Angola update of Non-Resident Foreign Workers Presidential Decree

Angola update of Non-Resident Foreign Workers Presidential Decree

It was published and entered into force on April 24, 2017, Presidential Decree No. 79/17, which approved the amendment and redrafted articles 2 “Scope”, 7 “Duration of the Contract of Employment” and 12 “Remuneration” of Presidential Decree 43/17 of March 6 – (Regulation of the Exercise of Professional Activity of Non-Resident Foreign Worker). According to…

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