Author: furtherafrica.com

I won’t go into details (you will have to seduce me first) but the country has genuinely a special place in my heart. And trust me, I’ve been around, so that means a great deal to me.

I don’t usually get this personal – in fact I don’t think I ever did – but last week as I visited Maputo I came across a truly remarkable initiative whilst getting involved with a special economic zone. Let’s be honest, Corporate Social Responsibility is often seen by corporations as just another item on their checklist as they make their way to approving projects. Particularly if their operations have a significant impact on the surrounding communities – think natural resources and infrastructure. I am always surprised by the number of senior executives I come across who “talk the talk” regarding social impact but care very little whenever marketing and compliance are not at …

African nations that have been slow to develop disposal facilities while mountains of trash pile up at sites will begin receiving support from the Japanese government in the form of waste disposal management and human resources cultivation.

A nation with a high level of garbage disposal expertise, Japan is expected to declare its support for countries at the Seventh Tokyo International Conference on African Development (TICAD7) taking place in Yokohama from Aug. 28. Japan will also show what waste management initiatives African nations will be able to take in the short term while keeping down costs.

In some African nations, waste produced by households and other places is not separated, and trash is often piled up at disposal sites with no planning or structure. Management of the sites is not thorough, and many impoverished people residing nearby make a living as “waste-pickers” who collect scrap metal and other items from …

One million Africans are set to benefit from emerging digital training organized by the United Africa Blockchain Association (UABA). UABA, a non-profit organization based in South Africa is committed to promoting the adoption of blockchain technology in Africa.

According to the announcement, UABA plans to use a Train the Trainer model through boot camps and hackathons to reach out blockchain and crypto community in African. These exercises are scheduled to start in September 2019 and will target mainly women and youths.

The sessions will initially be held on a weekly basis in Johannesburg, South Africa. The organizers also plan to set up this training in Cape Town. Eventually, UABA plans to partner up with other organizations to help expand this training to other African countries such as Malawi, Zambia, Zimbabwe, Ethiopia, Kenya, Nigeria, Tanzania, and Ghana.

The training will take two main parts. The first part is dubbed as …

Special Economic Zones is a concept still in its infancy yet progressive in Zimbabwe. In general, Special Economic Zones exist to attract investments in particular regions of a country.

In which, those investing in SEZs benefit from several fiscal and non-fiscal incentives established by the government of that particular country.

In the passages to follow, I intend to outline the incentives for operating in Zimbabwe’s SEZs as well as, explaining the finer details of regulation and bodies which govern these zones.

To begin with, the Special Zones Act was enacted in November 2016 as part of the government’s efforts to engage foreign investors and, reversing the country’s economic decline.

Through this Act, the Zimbabwe Special Economic Zones Authority was established to oversee and assist companies/investors keen to conduct business in these areas.

The main functions of the Authority include administering and controlling SEZs, granting investment licences, and monitoring activities of …

1. Legal analyses

1.1 Concept of Angolan oil company

Under Presidential Decree Law no. 3/12, of 16 March 2012 (hereinafter the “Presidential Decree”), an oil company – one which has its scope or object participating in oil operations – is deemed Angolan (= owned by Angolan) if the respective share capital are 100% owned by Angolan citizens.

1.2. Benefits to the Angolan oil company

The benefits granted to Angolan oil companies under the Presidential Decree are as follows:

• Exemption from the signature bonus. Given the phase of the operations, this benefit is not applicable to this case;
• Reduction of petroleum production tax rate from 50% to 30% (i.e., equal to the industrial tax rate);
• Reduction of petroleum income tax rate from 65,75% to 30% (i.e., equal to the industrial tax rate);
• Exemption from the contribution for the financing of the affiliates of the Concessionaire ;
• Exemption from the contribution for

The French are coming!

Last Friday Anadarko’s takeover bid by the Occidental Petroleum (Oxy) was officially approved by 99% of its shareholders at an extraordinary general meeting resulting in the combination of two of the largest oil producers in the Houston area. Although this was the largest deal in recent years, it placed Oxy in a challenging position.

The company took some $40 billion in debt to make the deal a reality, including Anadarko’s existing debts.
In addition, early this week the market reacted nervously as Evercore ratings downgraded their stock saying that Anadarko’s acquisition makes the company “larger but less valuable”.

Nevertheless, Anadarko’s Mozambican assets are now on Oxy’s balance sheet and with the recent FID, it is poised to become a reference for African LNG for years to come. Oxy never made secret that the focus of this acquisition was Anadarko’s Permian Basin assets, which are now being …

The logistic Northern Development Corridor is definitely the most challenging of the three logistics corridors that Mozambique holds (Maputo, Beira and Nacala).

Because it is a bi-national concession management project, manages two ports in one country and two railway systems in two different countries, multimodal transport and cargo handling, all in a huge geographic area, among many others challenges. Being today the preferred export gateway of coal from Tete (Mozambique), Nacala port is preparing itself for the future materializing its potential into concrete actions. And the future looks exciting.

The Minister of Transport and Communications, Carlos Mesquita, quoted yesterday by the daily Notícias, said that the concessionaire of the Port of Nacala (CDN) will invest 10 million dollars in the construction of a bulk grain terminal. The infrastructure will have a discharge capacity of 300 tons per hour and storage of 40,000 tons, as well as packaging facilities. The second …