Community issues and resource nationalism adding pressure on the Mining industry
INTRODUCTION As if mining by its very nature is not difficult enough from a technical, financial, environmental and labour point of view, added pressure has been brought to bear upon mining companies generally in Africa as a result of the increasing community issues affecting mining operations and the general tendency of increased or “creeping” resource […]
Russia on an Africa charm offensive
News images of African political leaders smilingly handling Kalashnikov rifles and other deadly weapons on exhibit at the recent Russia-Africa summit unnerved observers who recall how strife racked the African continent during the Cold War. The Russian-made AK47 was the killing machine of choice during the decades when global superpowers played a violent game on […]
Coal-driven power train is running out of steam
Swedish teenager Greta Thunberg’s theatrical denunciation of world leaders so dominated news coverage of the recent UN Climate Summit in New York that other developments at the meeting slipped under many a radar. For Africa, an announcement by the African Development Bank that it is making a surprise policy turn away from fossil-fuel investment and […]
Angola to change foreign investment policies to woo investors
President João Lourenço is looking to revise policies that inhibit diamond production capacity and revenue generation. Better days could be on the way for Angola, the world’s fifth largest producer of diamonds, as government seeks to improve its investment relationship with foreign investors. Angola’s potential as a diamond producer is still largely untapped, in part […]
Mining in Africa: Developments and outlook in 2018
At LEX Africa’s most recent seminar, members discussed challenges and changes seen in this progressive sector. Issues between communities and mining companies are not unique to Africa, particularly in instances where rural land is explored for natural resources. Chris Stevens, Head of Mining and Resources practice at Werksmans Attorneys — a LEX Africa member in […]
Tanzanian Court of Appeal rules against Taxpayers in two latest decisions
The Court of Appeal (Court) has continued its efficient spree to clear case backlogs, especially in tax matters. Two key cases, amongst many others filed in the Court registry in Dar es Salaam involving international oil and gas companies in Tanzania, were heard during the week of 25 June 2018 in Dodoma. These decisions have serious consequences for the […]
Botswana pledges mining support to Malawi
President Mokgweetsi Masisi says his government is willing to share expertise on legislation and governance with Malawi so that the country can benefit from its mining sector. Botswana’s President has offered the support of his government in helping Malawi derive as much benefit as it can from its local mining sector. Speaking at a joint […]
Zimbabwe holds massive potential for private equity investors
With the country’s new leadership, opportunities to upgrade infrastructure in the energy, mining and road transport sector have made Zimbabwe an attractive destination for investors. Decades-long political instability, sanctions and a failing economy have seen a massive decline in Zimbabwe’s international appeal. Even as global investors turned their attention to Africa in 2015 and 2016, […]
DRC: Mining – Legal Guarantee of Stability
The DRC government amended the Mining Code, especially as regard Section 276 related to the Legal Guarantee of Stability. In view of the fact that the Legal Guarantee of Stability is the bedrock or cornerstone of the national mining policy, LEX Africa DRC member firm Chairman, Mr. Emery Mukendi Wafwana published an analysis on the […]
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 […]
