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Africa e-briefing Nov 2015

Africa e-briefing Nov 2015

  • Africa
  • South Africa
  • Other

18-11-2015

New Angolan Foreign Investment Law, Initial Summary Appraisal

The 2011 foreign investment law of Angola was repealed on 11 August 2015 and a new foreign investment law entered into force on the same day. Law 14/15, of 11 August - the “New Angolan Private Investment Law (“NPIL”) - is now the governing act.

Read more on the New Angolan Foreign Investment Law in English or Français.


Burkina Faso: a reform of the mining sector

In Burkina Faso, one of the main gold producing countries in Africa, the law No. 036/CNT dated 26th June 2015 containing the Mining Code of Burkina Faso was promulgated on 16th July 2015. Such law repeals the law No. 031-2003/AN dated 8th May 2003. The décrets enforcing the new law have not been adopted yet.

Read more on the reform of the mining sector in English or Français.


Burundi: a reform of the electricity sector

The new electricity law, i.e. the law No. 1/13 dated 23rd April 2015 on the reorganisation of the electricity sector in Burundi (“law No. 01/13”), was promulgated.

Read more on the reform of the electricity sector in English or Français.


Guinea: The bill containing the Investment Code is passed

On 21st May 2015, the bill containing the Investment Code for the Republic of Guinea (to be known as “CIRG”) was passed by the National Assembly in plenary session.

Read more on the bill containing the Investment Code in English or Français.


Promulgation of the law No. 1/14 dated 27th April 2015 on the general regime applicable to public-private partnerships (hereafter “PPP”)

Having assessed that private investment in infrastructure and energy was insufficient, Côme Manirakiza, the Minister of Mining and Energy, stressed the importance for Burundi to establish a legal and regulatory framework enabling investors to contribute to the country’s development.

Read more on the Promulgation of the law No. 1/14 in English or Français.


ICC Dispute Board Rules 2015 – What’s new?

The ICC Dispute Board Rules entered into force on the 1 October 2015. These Rules aim to update and modernise the 2004 Dispute Board Rules to reflect the commercial realities of medium to long term project contracts.

Read more on the ICC Dispute Board Rules 2015 in English or Français.


We advise ProCredit Holding AG on the sale of its DRC banking operations Acting on German bank’s deal with Equity Group

We have advised German bank, ProCredit Holding AG & Co. KGaA, on the sale of its banking operations in the Democratic Republic of Congo (DRC) to Equity Group, the publicly quoted Kenyan bank.

Read more on the ProCredit Holding AG sale in English or Français.

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