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 2009, the Kingdom of Morocco launched an ambitious energy strategy which essentially seeks to increase the country’s total power and share of renewables in the energy mix. The objective was to reach a 42% share of renewable energy of total power production capacity by 2020.
Over recent years, Kingdom of Morocco has created a legal and regulatory framework that is very attractive for foreign investors. In addition to its political stable environment, a recent series of tax treaties with numerous countries and reforms in almost all of its sectors of activities, in conjunction with its creation of successful industrial acceleration zones (previously named free trade zones) such as Tanger Free Trade Zone and Casablanca Finance City, have allowed it to decidedly become a gateway for Africa.
Our guide to the issues likely to impact businesses and the key measures taken by African governments in response to COVID-19.
In an effort to reduce the impact of the coronavirus COVID-19 epidemic on people’s livelihoods and companies' cash flows, the Economic Monitoring Committee (Comité de Veille Economique - CVE), decided on a series of measures on March 19th 2020.
The ministerial decree of 19 April 2019 establishing a new template for foreign employment contracts allows foreign employees to be treated in the same way as Moroccan employees.
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.