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The African continent as a whole remains heavily dependent upon fossil fuels with the likes of South Africa and Nigeria remaining over 70% dependent on non-renewables. The potential for a green transition over the coming years remains pertinent, yet a long way off.
In Algeria, despite the enactment of Law No. 04-09 of August 14, 2004, on the promotion of renewable energies in the framework of sustainable development, no concrete governmental decision to promote renewable energies has been taken since.
The 2020 Finance Act, which has come into force, revisited two flagship measures introduced by the 2009 Complementary Finance Act: (i) the 51/49 rule and (ii) the prohibition of using international loans to finance the national economy.
DLA Piper Africa is pleased to announce that nine lawyers from across the continent have been recognised as Women Leaders by legal directory IFLR1000. The IFLR1000 Women Leaders rankings recognise the most prominent female lawyers working in the areas of financial and corporate transactions and contract, licensing and regulatory project work, within their jurisdictions
Naana Frimpong, a Litigation and Regulatory partner based in Atlanta, has been appointed to the DLA Piper Africa Board effective from 1 September 2021.