Laws & Regulations

Disbursement of funds for the Agri-Business, Small and Medium Enterprises Investment Scheme (AGSMEIS), an initiative of the Bankers' Committee has commenced.

Government is amending the Indigenisation and Economic Empowerment Act to reflect its policy position that the 51-49 percent requirement only applies to natural resource-based investments.

The Nigeria Customs Service, NCS, says the country has implemented about 70 per cent of the requirements of the ECOWAS Common External Tariff, CET.

Nairobi — The government is set to unveil a National Export Development and Promotion Strategy with the aim of growing the country's exports to the rest of the world by 20 per cent per annum by 2022.

Nigerian President Muhammadu Buhari presented a record 8.6 trillion naira ($28.16 billion) budget for 2018 on Tuesday to foster shaky growth in Africa’s largest economy as it emerges from its first recession in 25 years.

Abuja — A bill for an Act for the establishment of National Tea and Coffee Development Council to develop commercial cultivation of the produce in the country has passed second reading in Senate.

Kenya will resume plans for small-scale oil exports in December after suspending it in June, the Energy ministry has said.

Rabat – Effective December 1, the common soft wheat import tax will fall to 30 percent instead of 135 percent currently in force, fixing its reference price at the port exit at around MAD 250-260 per quintal.

Dar es Salaam — As the Aga Khan celebrates 60 years of leadership and his Diamond Jubilee, more than 100,000 Tanzanian famers in Mtwara and Lindi regions have been beneficiaries through the Aga Khan Foundation (AKF) since 2009.