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1.

KENYA: 30% Electricity Rebate for Manufacturers

16 Sept 2019

The Kenyan Ministry of Energy gazetted the criteria for determining the electricity expenses rebate, due under the country’s Finance Act 2018 in Legal Notice 132 of 2019. The Act introduced a 30% elec...Read More

2.

NIGERIA: 5% VAT on All Online Purchases from January 2020

9 Sept 2019

From January 2020, Nigerian bank card issuers and other electronic payment service providers will automatically collect 5% value added tax (VAT)....Read More

3.

JORDAN: New E-commerce Customs Platform and Lower Duty-Free Allowances

6 Sept 2019

Jordan has introduced a new online platform for e-commerce customs processing, while also drastically reducing personal allowances for duty-free cross border e-commerce purchases....Read More

4.

OMAN: New Foreign Capital Investment Law Takes Effect in January 2020

2 Sept 2019

Foreign investment restrictions in Oman will be relaxed from the start of 2020, following approval of a new law intended to boost investment in the sultanate. Overseas investors will no longer be requ...Read More

5.

ETHIOPIA: Cotton and Other Commodities Required to Trade on Official Exchange

30 Aug 2019

The Ethiopian government is combatting its contraband problem by requiring that all pulses and some other crop-based commodities are traded only on the Ethiopian Commodity Exchange (ECX)....Read More

6.

KENYA: New Cargo Clearing System Introduced

27 Aug 2019

Cargo entering Kenya will now be handled by a new automated clearing system, the Integrated Customs Management System (iCMS). Although intended to streamline the customs clearing process, some importe...Read More

7.

UAE: 1% Fee Waived on Re-Export Deposit Refund

22 Aug 2019

Companies operating in or trading with the United Arab Emirates (UAE) will no longer have to pay a 1% fee when seeking a refund for the security deposit paid for the value of temporarily imported good...Read More

8.

AFRICA: HK Customs Extends FTA Transhipment Scheme to LDCs

21 Aug 2019

The FTA Scheme–Transhipment Cargo heading for the Mainland will be extended from the 1 August 2019 to those countries covered by the Special Preferential Tariff Treatment to the Least Developed Countr...Read More

9.

EGYPT: Law Change Enables Citizenship for Investors

20 Aug 2019

Foreigners who invest at least seven million Egyptian pounds (US$422,000) in the country now have a route to Egyptian citizenship....Read More

10.

UAE: New Law to Allow up to 100% Foreign Ownership of Maritime Businesses

25 July 2019

The United Arab Emirates is drafting a new law that will allow up to 100% foreign ownership of maritime companies. The legislation also includes a number of provisions to encourage more foreign mariti...Read More

11.

IRAN: Visa Perks to Increase FDI and Joins EAEU FTA

24 July 2019

Under the strain of US sanctions, the Islamic Republic of Iran has introduced a number of measures intended to promote more foreign investment and boost trade....Read More

12.

QATAR: Hong Kong and Qatar Sign MoU on Investment Promotion

23 July 2019

Invest Hong Kong (InvestHK) and the Qatar Financial Centre Authority have signed a Memorandum of Understanding (MoU) to boost mutual co-operation on investment promotion exchanges and support....Read More

13.

MAURITIUS: New Budget Targets Offshore Funds, Boosts Investment and Trade

15 July 2019

Mauritius has announced a number of new tax measures, including tightening of tax exemptions, new exemptions for insurance and leasing business, tax breaks for innovative businesses and a tougher stan...Read More

14.

UAE: Cabinet Approves 122 Business Activities Open to 100% Foreign Ownership

11 July 2019

The United Arab Emirates (UAE) has opened 122 economic activities across 13 sectors for 100% foreign ownership, subject to approval by each individual emirate....Read More

15.

ISRAEL: Agreement Signed with Hong Kong to Ease Customs Clearance

8 July 2019

Hong Kong has signed a Mutual Recognition Arrangement (MRA) on Authorised Economic Operator (AEO) status with Israel....Read More

16.

SAUDI ARABIA: Saudi Port Authority Slashes Service Tariffs at Yanbu Port

3 July 2019

The Saudi Ports Authority has greatly reduced handling tariffs, increased free storage time for containers, and reduced the Marine Services tariff for container ships using King Fahad Industrial Port ...Read More

17.

NIGERIA: All Import Duties Increased by 6.5%

26 June 2019

The official exchange rate for import duties to be paid at Nigeria’s ports has been increased from NGN306 to the US dollar to NGN326, an increase of about 6.5%. The new rate, effective from 11 June, w...Read More

18.

UAE: Hong Kong Signs Accord with UAE to Protect Investments

21 June 2019

Hong Kong and the United Arab Emirates (UAE) have signed a new agreement to protect and promote investment. The UAE has close ties with Hong Kong and is party to several international agreements with ...Read More

19.

RWANDA: Single-Use Plastic Items Banned

18 June 2019

Rwanda has banned single-use plastic items, although the import of some goods in single-use plastic packaging will be permitted, but subject to new levies. A three-month transition period for pre-exis...Read More

20.

OMAN: New Acquisition and Takeover Law Passed

10 June 2019

The Sultanate of Oman’s Capital Market Authority (CMA) has issued a new law, the Takeover and Acquisition Regulation, which applies to the acquisition of more than 25% of Omani-listed companies....Read More

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