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AFCFTA

A New Order: Highlights On The Innovations Of The 2023 Finance Law In Cameroon

On the 27th of December 2022, the president of the Republic of Cameroon promulgated Law No. 2022/020 of 27 December 2022 which is the Finance law for the year 2023. The distinctive nature of this document is highlighted in its innovations which are focused on the taxation of businesses and households. Although this law grants tax exemptions to boost the productive sector, the Cameroonian government has also given itself the latitude to increase tax revenues.

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INEFFICACY OF THE REPATRIATION REGIME: A SORE THUMB IN FOREIGN INVESTMENT IN NIGERIA

The inefficacy of the regime for repatriating funds in Nigeria continues to stick out like a sore thumb in the country’s foreign investment ecosystem. Without a doubt, the goal of every investor in any economic setup is to receive a return on investment(s). For foreign investors, an added incentive of investing or doing business, especially in a country like Nigeria with significant opportunities, is the ability to access, and repatriate, funds, without any form of difficulty.

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Mauritius: A Destination of Choice for Nigerian Investors

Mauritius has been dubbed by its Economic Development Board (EDB) as the preferred jurisdiction for Africa by virtue of its unique blueprint consisting of strategic location, stable Government, highly skilled workforce, business-friendly environment and modern infrastructure which make it an ideal forum for business in the African region.

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How Does Mauritius Stand out from Other Offshore Hubs?

Mauritius is widely recognized and internationally acclaimed as the foremost investment gateway into Africa. The country is the eastern-most part of Africa and is a member of the African Union and other economic blocs. Its prime location in the Indian Ocean, coupled with a buoyant financial system and a safe and secure system of law makes it an ideal base for companies investing in Africa.

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