The investment climate is rebounding – Launch of IFLR’s guide to African market makers

Click here to read all chapters of IFLR Africa Market Makers 2021

With a young population and a large consumer base, Africa remains the world’s source of economic potential. The African Development Bank predicts that the continent’s real GDP will grow by 3.4% in 2021, after contracting 2.1% in 2020. The rebound will be driven by a number of resumed infrastructure projects, one rebound in commodity prices and additional government support for businesses affected by the pandemic.

With Africa’s penchant for imagination and entrepreneurship, new solutions will emerge to overcome obstacles. While governments, businesses and investors aspire to prosperity, the demand for legal advice remains high.

By partnering with experts close to the action, IFLR brings you exclusive insight into some of the continent’s most important developments.

Despite the pandemic and the social unrest resulting from the Hirak movement, Algeria has succeeded in reorganizing its investment framework in order to attract foreign financiers. The key provisions of the changes to rule 49/51 and the strategic expansion of Algeria to diversify its economy, mark the subjects of the article covered by Houda Sahri, Jean-Jérôme Khodara and Nahla Djabi of Matouk Bassiouny.

As one of the most resource-rich countries in the world, Angola has used its period of financial downturn to strategize its economic policy. José Miguel Oliveira de Vieira de Almeida and António de Sousa Penelas of ASP Advogados examine how the country can remain competitive in its preferred sectors and prosper in new areas.

Mozambique continues to show its appeal to foreign investors and is experiencing one of its most politically stable periods in the recent past. Guilherme Daniel from GDA Advogados and Teresa Empis Falcão from Vieira de Almeida explain how the proposed reforms seek to “maximize and monetize” the country’s rich resources and develop an investment environment.

In Nigeria, Chukwubuike Onwuzurumba and Chrysolyte Egonu of Oake Legal assess the impact of Law No. 3 of 2020 on Companies and Related Business for Investors. The authors assess the opportunities offered to investors by the LLP structure, as well as the advantages and disadvantages of companies and partnerships as investment vehicles.

Matouk Bassiouny’s article by Mahmoud Bassiouny, Yassir Ali, Nadia Abdallah and Amgad Nagy explains how Sudan has taken important steps to gain the attention of domestic and foreign venture capitalists. This includes a mix of new investment authorities, incentives, social responsibility benefits and improved dispute resolution mechanisms.

In the Middle East, the UAE is the main target for foreign investment from around the world. Jirayr Habibian by Matouk Bassiouny provides an overview of the key themes emerging from the executive regulations implemented for the new law on state property pledges.

In addition to the chapters, Natasha Teja from IFLR examines the consequences of disparate discourses and definitions of ESG between African and Western countries, and Samallie Kiyingi, Director of Legal Affairs at the African Import-Export Bank, discusses the continent’s structured finance solutions behind the vaccination program for the entire population.

As the investment climate rebounds, African market makers have a demanding 12 months ahead of them. We hope you enjoy hearing from the experts who direct the progress of the guide.

Click here to read all chapters of IFLR Africa Market Makers 2021


Prin Shasiharan
Senior business writer
IFLR
T: +44 0 7779 8004
E: [email protected]

Prin Shasiharan leads thought leadership with global legal advisors for IFLR analysis projects, in addition to managing contributions from partner firms. He has organized and moderated high-level events attended by eminent jurists. He also manages commercial collaborations for other Euromoney brands, including The Deal, Managing IP and ITR.

Prin has experience in the areas of compliance, financial crime and regulation, and has previously worked for international organizations including the United Nations and the Council of Europe.

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