The Situation: On June 21, 2020, the Saudi Minister of Tourism, Ahmed Al-Khateeb, announced the creation of a Tourism Development Fund ("Fund") with an initial capital of SAR 15 billion (approximately US$4 billion).
The...more
The Situation: The U.S. government historically has lagged behind other countries in providing support to investors in developing and emerging markets.
The Development: The Better Utilization of Investments Leading to...more
The Situation: African leaders gathered in Kigali, Rwanda, in March 2018 to sign the draft Agreement Establishing the African Continental Free Trade Area ("CFTA") and other related protocols. Forty-four of the 55 Member...more
5/18/2018
/ Africa ,
AGOA ,
Economic Development ,
EU ,
Foreign Investment ,
Free Trade Agreements ,
Manufacturers ,
OPIC ,
Partnership Agreements ,
Trade Agreements ,
Trade Relations ,
TTIP ,
WTO
The Situation: Cameroon has announced a bidding process pertaining to licensing rights for oil and gas blocks located in the Rio del Rey and Douala/Kribi-Campo Basins.
The Development: The oil and gas rights include a...more
The Situation: In November 2017, 17 states of sub-Saharan Africa adopted the Uniform Act on Mediation.
The Result: The practice of mediation, although it already has legislative support in Burkina Faso, Ivory Coast, and...more
The Treachery of Images -
Most people are familiar with the famous painting by René Magritte called "The Treachery of Images" (1928). The picture shows a pipe and below it the caption "This is not a pipe."
In Africa,...more
12/19/2017
/ Acquisitions ,
Africa ,
Banking Sector ,
Competition ,
Economic Development ,
Energy Sector ,
Foreign Investment ,
Global Economy ,
Infrastructure ,
International Finance ,
Mergers ,
Oil & Gas ,
Popular ,
Public Projects ,
Telecommunications ,
Television Broadcast Stations
The Situation: In November 2017, Robert Mugabe, the only leader Zimbabwe had known in 37 years, was ousted from power.
The Development: Will this change in leadership usher in a new era of good governance and economic...more
12/8/2017
/ Africa ,
Agricultural Sector ,
Arbitration Awards ,
Bilateral Investment Treaties ,
Dispute Resolution ,
Energy Sector ,
Exports ,
Foreign Investment ,
International Arbitration ,
Office of Foreign Assets Control (OFAC) ,
Transparency ,
World Bank ,
Zimbabwe
Recently, Tanzania enacted a series of mining laws that significantly erode protection for existing and future investments in the mining industry. As part of these measures, one foreign investor has been assessed a US$190...more
Guinea's Urgent Need for Critical Infrastructures -
Guinea is a geological goldmine, quite literally, when one considers the high concentration of natural resources in its soil (including diamonds, gold, iron, bauxite,...more
8/3/2017
/ Construction Project ,
Critical Infrastructure Sectors ,
Economic Development ,
Foreign Investment ,
Guinea ,
Infrastructure Financing ,
Natural Resources ,
OHADA ,
Procurement Guidelines ,
Project Finance ,
Public Private Partnerships (P3s) ,
Public Projects
The Tunisian Ministry of Energy, Mines and Renewable Energies has launched the first phase of its renewable energy program, which includes the development of 210 megawatts ("MW") as follows...more
The Algerian Program for the Development of New Renewable Energies ("Program") aims to produce 22,000 MW for the needs of the national market over a period extending from 2015 to 2035-2040. More than 4,000 MW are intended to...more
5/31/2017
/ Algeria ,
Auction ,
Bid Solicitation ,
Electricity ,
Energy Projects ,
Foreign Investment ,
Infrastructure Financing ,
Power Purchase Agreements ,
Public Procurement Policies ,
Renewable Energy ,
Solar Energy