Category: Africa

The African Continental Free Trade Area: A Promising Future for Opportunities

June 18, 2019

With the ratification by 22 African states, the African Continental Free Trade Area agreement (AfCFTA Agreement) came into force on May 30, 2019 to establish the African Continental Free Trade Area (AfCFTA). Having met its minimum threshold of 22 ratifying states, the AfCFTA Agreement can now be implemented to allow the trade of goods and services with virtually no restraints….

Legal Trends 2016: International Trade

February 27, 2016

ONE | TPP, FREE TRADE AND INVESTMENT AGREEMENT While 2015 saw numerous international trade and investment developments, the year’s biggest story was the October completion of negotiations on the Trans-Pacific Partnership (TPP). The TPP is an ambitious economic and free trade agreement between Canada and 11 other countries — including the United States, Australia and Japan — who represent one-third…

Conducting Business in Africa: The Impact of Canada’s Corruption of Foreign Public Officials Act

July 7, 2014

According to statistics released by the International Monetary Fund, 12 of the 20 fastest-growing economies into 2015 will be African nations. Opportunities are thriving for investors seeking to tap into Africa’s increasingly attractive business environment. While there have been improvements in governance and security in the past decade, the region’s history of instability and corruption continues to be a source…

OHADA Introduces Revised Uniform Act on Commercial Companies and Economic Interest Groups

May 12, 2014

REVISED ACT FOR THE BENEFIT OF INVESTORS IN THE OHADA REGION   On January 30, 2014 in Ouagadougou, Burkina Faso, the Council of Ministers of the Organization for Harmonization of Business Law in Africa (referred to by its French acronym OHADA, which stands for Organisation pour l’Harmonisation en Afrique du Droit des Affaires) adopted a revised version of the 1997Uniform…

Public-Private Partnership Legislation Heralds New Investment Opportunities in Burkina Faso

April 14, 2014

  BURKINA FASO INVESTMENT CONTEXT   Over the last decade, the government of Burkina Faso has undertaken a series of institutional and legislative reforms in an attempt to create a favourable climate for foreign investment. As part of its 2011-15 strategy for accelerated growth and long-term investment (in French, Stratégie de croissance accélérée et de développement durable or SCADD), the government’s goals…