252019Jun
The business of enthusiasm

The business of enthusiasm

Spontaneous applause erupted from an audience as a speaker declared the time had arrived for African business to take the lead in developing the continent. Politicians had had their day. The gathering in question was a forum in Johannesburg, South Africa, in recognition of Africa Day in May – with the pervasive theme being positivity…

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42019Jun
Tax in African countries

Tax in African countries

The African Union is on a drive to make the continent economically self-sufficient and some observers believe fixing tax collection is a low-hanging fruit in this endeavour. Africa’s tax-to-GDP ratio is about 18%, while in the developed countries of the OECD it is 34%. In Nigeria, Africa’s largest economy, the number is just 5.9%. Many…

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212019May
Tanzania – Plastic Bags Prohibition Regulations Issued

Tanzania – Plastic Bags Prohibition Regulations Issued

Details of the much awaited regulations concerning the out right ban of plastic bags have been issued on 17 May 2019, vide GN No 394 of 2019. The Environmental Management (Prohibition of Plastic Carrier Bags) Regulations, 2019 (Regulations) are meant to impose a total ban on the import, export, manufacturing, sale, and use of plastic…

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132019May
Investment and Business Environment in Tanzania

Investment and Business Environment in Tanzania

LEX Africa recently hosted a series of interactive panel discussions at the LEX Africa 2019 AGM conference held in Dar es Salaam, Tanzania. Among the topics covered at the AGM was the current investment and business environment in Tanzania. Justice Mohamed Chande Othman, the former Chief Justice of Tanzania, opened the conference with a keynote address…

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22019May
Jumia, a $1bn African dream

Jumia, a $1bn African dream

When African online retailer Jumia Technologies listed on the New York Stock Exchange on 12 April, many market watchers did not know what to expect. After all, the company admitted to carrying losses of about $1 billion incurred over its seven-year lifespan. Then there was the fact that it was the first African start-up to…

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302019Apr
US Court rules in favour of Tanzania

US Court rules in favour of Tanzania

On 12 February 2018, the widow and children of a famous businessman, the late Devram Valambhia initiated a case in the District Court of Columbia to seek recognition and enforcement of a foreign judgment obtained in Tanzanian Courts. The Plaintiffs in the above case were Vipula D. Valambia, Priscilla D. Valambhia, Punita D. Valambhia, and…

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172019Apr
One small step for Africa

One small step for Africa

On April 2 the Gambia’s parliament wrote itself into modern African history when it ratified the Africa Continental Free Trade Agreement (AfCFTA). It became the 22nd country to do so, pushing the plan across an agreed threshold for it to “come into force”. This does not mean African countries will be dropping tariff and non-tariff…

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92019Apr
Brexit: trading punches – but what about trading with Africa?

Brexit: trading punches – but what about trading with Africa?

Political mayhem enveloping Britain’s exit from the European Union has observers putting the issue in the “wait and see” basket. Even the most keenly interested parties are bewildered by the twists and turns of Brexit. But fallout from the storm will have profound consequences for diplomatic and trading partners of the UK and EU, including…

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262019Feb
Zimbabwe’s ratification of the WTO Trade Facilitation Agreement

Zimbabwe’s ratification of the WTO Trade Facilitation Agreement

A step in the right direction towards addressing Informal Cross Border Trade Recently, Zimbabwe, a member of the World Trade Organisation (WTO) since 1995, ratified the WTO Trade Facilitation Agreement (TFA) becoming the 139th WTO Member State to ratify this Agreement. This development comes at a time when President Emmerson Mnangagwa’s government is making progressive…

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