292018May
Mozambique: Amendments to the commercial code

Mozambique: Amendments to the commercial code

With the publication of Decree-Law no. 1/2018, of May 4, some articles of the Commercial Code, passed by Decree-Law no. 2/2005, of December 27 and as amended by Decree-Law no. 2 /2009 of April 24, which aims to reduce bureaucracy and simplify the process of setting up or incorporation of companies, as well as operations…

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92018Apr
An Outlook on Africa 2018

An Outlook on Africa 2018

LEX Africa members from around the continent gathered at a seminar in Johannesburg to discuss Africa’s investment climate and private equity market, governance in Zimbabwe, and the future of Nigeria’s flourishing economy. Quality goods, policy reformation that addresses the challenges of doing business in Africa and a welcoming environment for foreign direct investors are just…

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282018Mar
Mozambique is addressing economic reform in a big way in 2018

Mozambique is addressing economic reform in a big way in 2018

Improved exchange control, the Local Content law and the Nacala Logistics Corridor are stimulating domestic production, generating jobs and lifting income potential. Significant strides in Mozambique’s legislation and policies could see a rapid turn around in the country’s economic situation. In 2016, inflation peaked at 26 percent. Today, that figure has drastically improved to an…

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172018Jan
Updates from Mozambique

Updates from Mozambique

NOTICE No.7/GBM/2017 OF 2 JUNE  Regarding the Minimum Capital for Credit Institutions, Financial Companies and Micro-Finance Operators, and repeals Notice no. 4/ GBM/2005 of 20 May. Following the need to update the minimum share capital required to the Banks, the Notice No. 4 / GGBM / 2005 of 20 May which lays down the Minimum…

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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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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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282017Mar
Legal updates – Mozambique

Legal updates – Mozambique

CIVIL AVIATION LAW The new Civil Aviation Law purpose is to set the bases and general principles to be observed in the area of civil aviation in order to guarantee the safety, regularity, competitiveness and efficiency of air transport operations. This Law repeals the Law no. 21/2009 of 28 September, former Civil Aviation Law. REGULATION ON THE…

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