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Saudi Arabia: The New Mining Investment Law - An Overview

The Mining Investment Law aims to attract foreign investors to the sector and boost the largely untapped mineral industry in Saudi Arabia as part of the Vision 2030 reform plan to " have a ...

Foreign Direct Investment in Africa: Policies Also Matter

Here, emphasis is placed on the need for African states to embark on public sector reforms to attract foreign investment and amplify the benefits of the current suboptimal relations between the ...

The emerging wave of local content regulations in the African mining sector

This is changing, and there are early signs of a wave of local content regulation in the mining sector, which is likely to coincide with an upturn in the fortunes of both precious and base metals miners. The most recent examples of African jurisdictions introducing local content legislation include the Democratic Republic of the Congo (DRC ...

Kenya to increase cash threshold for foreign investors

The Kenya Investment Promotion Act requires foreigners to have a minimum of $100,000 (Sh10.92 million) to obtain an investment certificate that qualifies them for incentives such as investment ...

Foreign direct investment in Kenya - LMU

foreign firms to set up companies in their countries. Carkovic and Levine (2002) note that the economic rationale for offering special incentives to attract FDI frequently derives from the belief that foreign investment produces externalities in the form of technology transfers and spillovers.

Kenya New Mining Act 2016 | Mining Law in Kenya - Bowmans

Concerns surrounding the Mining Act include the pre-emption rights of the government in relation to strategic minerals, the government's 10% free carried interest, and the requirement for the listing of 20% of the equity of large-scale projects. In effect, this all means investors could find a large percentage of their company not being under ...

Algeria: A new set of laws in Algeria to attract foreign investors

To restore the confidence of existing investors and attract new business in the country, a number of legal reforms have been launched. Investors have been promised tax incentives, legislative stability, transparency, guarantees for the transfer of funds and less bureaucracy. The Algerian government hopes that the new legislative framework will ...

Kenya to improve the business environment to attract foreign investment ...

According to a top government official, Kenya intends to enhance its business climate in order to attract international investment. The investment climate would be improved by revamping service delivery procedures to remove compliance burdens for international businesses migrating to Kenya, according to Adan Mohamed, Cabinet Secretary for East African Community and Regional Development, who ...

Kuria seeks to scrap 30% domestic ownership of foreign firms

Image: MOSES KURIA/TWITTER. Trade CS Moses Kuria has expressed his desire to abolish laws that require foreign firms to relinquish at least 30 per cent of their shareholding to Kenyan citizens by ...

ZIMBABWE: An Introduction Law | Chambers and Partners

– attracting foreign investment; – optimising efficiency of incorporation and compliance processes; and – ensuring growth of the local job market and value retention through beneficiation of strategic resources. Below is an overview of significant developments which have taken place in the last 24 months in Zimbabwe. Investment and Mining

Kenya - United States Department of State

Under AGOA, Kenyan exporters enjoy duty-free access to U.S. markets for products falling under more than 6,400 tariff lines. Kenya is a leading AGOA implementer, with AGOA-related exports to the United States reaching $518 million in 2019. U.S.-Kenya bilateral trade in goods totaled $1.07 billion in 2019.

Kenya - Foreign Investments Protection Act | Investment Laws Navigator ...

Investment Laws Navigator. The Investment Laws Navigator is a comprehensive and regularly updated collection of national investment laws. It contains the full text of the laws and offers user-friendly tools for searching and filtering for selected provisions that are specifically relevant to foreign investors.

Kenya: Many Prospecting and Mining Licenses Cancelled; New Mining Law ...

Kenya is now in the process of considering a new law on mining, based on draft legislation from 2014. The expectation, according to Balala, is that the law will provide policy stability and make Kenya more attractive to potential investors. Speaking in March of this year, Balala expressed the hope that the new law could be enacted by the end of ...

Saudi Arabia - New mining law - UNCTAD Investment Policy Hub

New mining law. On 9 June 2020, Saudi Arabia's cabinet approved a new mining law that aims to accelerate foreign investment in the sector as part of efforts to diversify its economy away from hydrocarbons. The new law facilitates investor access to financing and supports exploration and geological survey activities. The new law will ...

Is Africa's Skepticism of Foreign Capital Justified? Evidence from East ...

The UN's Millennium Declaration explicitly calls for greater foreign direct investment (FDI) to Africa. Over the course of the 1990s, African countries significantly liberalized the environment for foreign investment. Nearly all countries revised their national laws governing FDI and the vast majority lifted controls on capital (UNCTAD, 1998).

Kenya - United States Department of State

According to the 2019 census data, 5,341,182 or 38.9 percent of the 13,777,600 youths eligible to work are jobless. Employment in Kenya's formal sector was 2.9 million in 2019 up from 2.8 million in 2018. The government is the largest employer in the formal sector, with an estimated 865,200 government workers in 2019.

The State of Foreign Direct Investments in Africa - New African Magazine

no comments. Foreign Direct Investments – FDI Flows – to Africa rose by 11 per cent to $46 billion in the past year, and in 2019, a number of factors, including the the realisation of African Continental Free Trade Area Agreement (AfCFTA) could support additional flows. According to UNCTAD's World Investment Report 2019, here is how ...

Guide to Mining Investment in Kenya | Fote Machinery

The new law regulates all mining activities in Kenya and establishes a new legal framework for the management of mineral resources in Kenya. The impact of the new law on investors is as follows: 4.1 Localization. Localization is the first issue to be faced in investing in Africa, and the mining sector sets stricter requirements. 4.2 Local ...

Kauandenge decries foreign ownership of mineral resources

Alweendo initiated the move to embrace foreign investment in 2018. At the time, he said the move was meant to attract more investors and to grow the mining sector. Andreas Thomas

THE ROLE OF FOREIGN DIRECT INVESTMENT (FDI) IN THE MINING SECTOR OF ...

THE ROLE OF FOREIGN DIRECT INVESTMENT (FDI) IN THE MINING SECTOR OF GHANA AND THE ENVIRONMENT. A Paper Presented at the Conference on Foreign Direct Investment and the Environment 7 – 8 ... specific sector policy reforms that sought to boost investor interest in the mining sector, a new Mineral and Mining Law (PNDCL 153) of 1986 vests all ...

Local Content Policies In Minerals-Exporting Countries: The Case ... - OECD

industry is primarily regulated by mining laws and regulations enacted by Peruvian Congress and the executive branch of government (outlined in Box 1). The Mining Law came into effect in 1992, with a particular focus on the need to attract foreign investment in the sector and eliminating of discrimination between domestic and foreign investors.

How important is political stability to attracting FDI? - Investment ...

However, foreign investors in the DRC have to contend with corruption, heavy bureaucracy and administrative fees to establish business there. In 2018, the mining code was amended, which led to increased taxes and royalties, requiring that at least 10% of the capital of mining companies be owned by indigenous citizens, and severely restricting ...

Determinants of Foreign Direct Investment in the Mining Industry

Attracting foreign investment has been a key challenge for economic growth in developing countries. ... new mining laws with the intent to promote private sector investment. This article presents ...