Corporate and Investment

As the currency crisis plaguing Sub-Saharan Africa in 2015 continued through the recent holidays, Nigerians have learned that they can have their naira, but they can’t spend it too. Nigerians saw several restrictions on foreign exchange (“forex”) put in place, limiting what they could do with their naira. Triggered by the dive in oil prices…

New African Development Bank President Akinwumi Adesina chose last week’s World Economic Forum at Davos for the official launch of the Bank’s New Deal on Energy for Africa, along with a Transformative Partnership for Energy in Africa (TPEA).  While a candidate for the AfDB president position a year ago, Adesina placed energy at the top…

President Obama, on January 11, suspended the application of duty-free treatment to South Africa’s agricultural exports that come into the U.S. under the African Growth and Opportunity Act (AGOA). The suspension will take effect on March 15 if South Africa does not lower tariffs on American poultry products before then.

The development represents another twist

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The Kenyan government has suspended a controversial local ownership requirement in the new Companies Act 2015.  The confusion regarding how the provision made its way into the law is unsettling for foreign companies that are interested in one of the region’s top investment destinations.

Regarded as an overdue modernization of Kenya’s company and insolvency laws,…

Zimbabwe has begun to implement economic reforms that, if continued, could help the struggling nation improve the quality of life for the vast majority of its citizens. The nascent reform movement also suggests that government leaders have realized that reliance on China alone will not solve the country’s economic ills.

The efforts by Finance Minister,…

During the recent meeting of the President’s Advisory Council on Doing Business in Africa (PAC-DBIA), Commerce Secretary Pritzker candidly admitted that the Obama Administration has been “grappling” with how to move forward on the proposed U.S.-Africa Infrastructure Center because the U.S. Commercial Service does not have the necessary resources and training to effect a…

The most intriguing characterization of the new Sustainable Developments Goals (SDGs), endorsed by world leaders at the United Nations General Assembly on September 25, came from Amina Mohammed, assistant secretary-general of the United Nations and special advisor on Post-2015 Development Planning. During a panel discussion at the African Leadership Forum on September 24, Ms. Mohammed…

For years, many observers treated Africa’s plans for regional integration with a healthy dose of skepticism. Though the skepticism remains, what has changed is the wide-spread acknowledgement and elevated importance of regional economic integration to grow Africa’s economies, create jobs for its rapidly growing youth population, and improve lives. Last month’s AGOA Forum, hosted by…

In the midst of questions about how China’s economic health will impact Africa, the foreign ministers of China and South Africa have announced that the sixth Ministerial Meeting of the Forum on China-Africa Cooperation will be upgraded to a summit. Nearly a decade after the first China-Africa Leaders summit which was held in Beijing, this…

When China sneezes, does all of Africa catch a cold? Slower Chinese growth and a recently devalued currency will certainly impact Africa, whose largest trading partner is China. However, the impact of China’s recent currency devaluation will largely depend on country-specific factors.

The Chinese government likely devalued its currency in August in part to combat…