262017Sep
Ethiopia’s industrial revolution sparks hope for its economic reformation

Ethiopia’s industrial revolution sparks hope for its economic reformation

Despite having the second largest population in Africa, Ethiopia’s game plan to uplift its economy seems to be paying dividends. In the first quarter of 2017, Ethiopian authorities unveiled the Hawasa Industrial Park – the biggest in Africa, standing at 140 hectares and containing mostly textile factories. The project was complete in record time —…

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172017Aug
Overcoming investor concerns in electricity generation concessions projects in Mozambique

Overcoming investor concerns in electricity generation concessions projects in Mozambique

The recent gas discoveries and the specific characteristics of the Mozambican territory have increased  investors interest in developing the energy potential of Mozambique. The electricity generation sector has increasingly gained preponderance on foreign direct investment in Mozambique. The main concern that investors have consistently raised is related to the applicable regime of awarding electricity generation concessions…

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132017Jul
LEX Africa signs MOU with The Global Chinese-Speaking Lawyers’ Association

LEX Africa signs MOU with The Global Chinese-Speaking Lawyers’ Association

LEX Africa is proud to announce the signature of a memorandum of understanding (MOU) with The Global Chinese-Speaking Lawyers’ Association, an association of over 30 000 Chinese speaking lawyers.  The parties wish to exchange information and work on joint projects to assist and advise Chinese firms investing and trading in Africa. The MOU was signed in…

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62017Jul
Zimbabwe signs MOU with Chinese investors for ‘Disneyland in Africa’

Zimbabwe signs MOU with Chinese investors for ‘Disneyland in Africa’

The tourism minister says the project could push Victoria Falls’ revenue to USD 5 billion by 2020. The Zimbabwean government has signed a memorandum of understanding with Chinese investors for the continent’s first Disneyland theme park. The country’s Tourism Minister Walter Mzembi told the media at a press conference in June, the theme park would…

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232017Jun
LEX Africa attends the IBA Investing in Africa Conference

LEX Africa attends the IBA Investing in Africa Conference

LEX Africa chairman Pieter Steyn, director of Werksmans Attorneys, South Africa, and Sim Katende partner at Katende, Ssempebwa & Co, LEX Africa member for Uganda, attended the 3rd Annual IBA Investing in Africa Conference in June 2017, Paris, France. The conference presented by the IBA African Regional Forum is supported by the IBA European Regional…

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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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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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