Entering the Mozambique market as a foreign investor requires careful planning, research, and collaboration with local partners. Mozambique is a developing country with a growing economy, particularly in the areas of natural resources, agriculture, and tourism. The Mozambican government has approved the Investment Law and Regulation to promote and foster both national and foreign investments in the country, granting various benefits and incentives. Foreign direct investment (FDI) plays a significant role in Mozambique’s economy, with South Africa being...Continue Reading
Introduction The CFA franc is a currency used by 14 countries in West and Central Africa. These countries are part of two different monetary unions, the West African Economic and Monetary Union (WAEMU) and the Central African Economic and Monetary Community (CEMAC). Both unions have implemented trade agreements and customs exemptions to promote economic integration and cooperation among their member states. Additionally, some countries within these unions are exempt from the upcoming currency shifts, which will see the...Continue Reading
The 9th edition of PROMOTE, an international trade fair held in Yaounde, The 9th edition of PROMOTE, an international trade fair held in Yaounde, Cameroon, promises to showcase the attractions and potentials of the Central African Economic and Monetary Community (CEMAC) region. With over 1 billion USD worth of business deals expected to be signed during the event, PROMOTE aims to promote economic growth and development in the region. CEMAC member countries, including Cameroon, Chad, Central African Republic,...Continue Reading
The most famous scam happened in Oil and gas commodity trade where the seller mentioned the below Statement in Standard Operating Procedure. 1. DTA to be endorsed with a tank farm before the Physical Dip test in seller’s tank at the buyers cost. 2. TTTIA / TTVIA signed before the Physical Dip test in the seller’s tank at Buyers cost. 3. Seller will pay 3 days tank payment to buyers tank followed by buyer will pay 2 days...Continue Reading
*EU trade relations with South Africa. Facts, figures and latest developments.* Country or regionSouth AfricaTrade topicsNegotiations and agreements Trade policySince the EU and South Africa concluded a Trade, Development and *Cooperation Agreement (TDCA) in 1999, the two parties have enjoyed solid and growing trade relations. In June 2016, the EU and South Africa – together with Botswana, Lesotho, Mozambique, Namibia and Swaziland – signed the Southern African Economic Partnership Agreement (SADC EPA) that regulates trade in goods between...Continue Reading
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