Guinea: A huge wealth of untapped resources!
Guinea Conakry is a West African country known for its rich mineral resources, including bauxite, iron ore, and large deposits of gold, uranium, and diamonds. The country has a population of about 13 million people, its capital city is Conakry, and it is bordered by Senegal, Sierra Leone, Ivory Coast, Guinea Bissau, Liberia, and Mali. […]
Divided loyalties in Africa on invasion of Ukraine
African countries are treading warily over the Russia-Ukraine conflict, especially those who have strong ties with Russia. The continued strong influence of Russia across the continent, particularly in the military space, has persuaded some countries to refrain from condemning its actions. Divided loyalties were clearly apparent when United Nations (UN) member countries took a vote […]
Nigeria: Opportunities and challenges abound for Africa’s biggest economy
A key regional player in West Africa, Nigeria accounts for about half of West Africa’s population, with about 202 million people and one of the largest populations of youth in the world. It has the highest GDP in Africa, standing at $514.05 billion in 2021, and with an abundance of natural resources it is Africa’s […]
Mali: sanctions, coups and security challenges – but hope springs eternal
Mali is a large landlocked country in western Africa, and in the distant past it was one of the richest empires in West African History. Its most famous ruler was King Mansa Musa, who ruled from 1312 to 1337, reknowned for his wisdom, and said to be the wealthiest individual in the history of Africa and […]
AfCFTA: Key pillars mostly in place for Africa’s ambitious free trade scheme
Just over a year has passed since the African Continental Free Trade Area (AfCFTA) officially kicked off in January 2021, and there are encouraging signs of progress. The ambitious plan to revolutionise trade on the continent is expected to reduce input costs, transport costs, and delays for African exporters in reaching regional and global markets. […]
Focus on Senegal – a country under construction
Senegal is one of the most stable countries in Africa, with three peaceful political transitions since independence in 1960, according to the World Bank. President Macky Sall has been in power since 2012 and won a second five-year term in February 2019. Gateway to Africa Located at the westernmost point of the continent and served […]
Zimbabwe in Focus
The World Bank and IMF both predict GDP growth above 5% for Zimbabwe in 2022, while both caution that decisive government action is needed for this to be attained. A recent encouraging World Bank overview of Zimbabwe says the country’s economy showed signs of recovery in 2021 and its GDP is now expected to rebound to […]
Light at the end of the Covid tunnel for African Foreign Direct Investment
EY’s Africa Attractiveness Report predicts a return to the growth trajectory of foreign direct investment (FDI) to the continent. While Africa’s FDI fell sharply by 50% in 2020 due to the COVID-19 pandemic, making it the hardest-hit region globally, the core factors behind its investment appeal remain intact. This is the overarching view of EY’s […]
Updates in the Mauritius Business Legal Framework
Article by Dev Erriah, Head of Chambers at Erriah Chambers – Mauritius The Mauritius government signed, on 29 October, an amending protocol to its 2011 income tax treaty with Germany to bring it into line with recommendations of the OECD/G20 Base Erosion and Profit Shifting (BEPS) Project. The BEPS actions are designed to equip governments with […]
Delisting of Mauritius from EU list of high-risk third countries
Article by Dev Erriah – Head of Chambers, Erriah Chambers, Mauritius Mauritius is set to be formally removed from the European Union List of High Risk Third countries (the “EU List”) very soon following the meeting of the European Commission College of Commissioners on 22 December 2021. Following the de listing of Mauritius from the […]
