Angola | 2020.10.22
New Legal Framework on Local Content in the Oil Sector Approved
Presidential Decree No. 271/20, of 20 October 2020, has been published, approving the new Legal Framework on Local Content in the Oil Sector. The statute aims at promoting economic diversification, the participation of local businesses in the oil sector, the increase of domestic production, and the reduction of imports, as well as the creation of employment and the training of the Angolan workforce within the oil industry.
Angola | 2020.10.17
Free Zones Law Enacted
The Free Zones Law (Law No. 35/20, of 12 October 2020) came into force on 12 October 2020.
São Tomé and Príncipe | 2020.10.16
New Legal Regime for Mining and Extraction of Aggregates Approved
In the context of the current political framework aimed at promoting the sustainable management of environmental resources and so as to respond to the indiscriminate mining and extraction of aggregates, Law 9/2020, of 22 September, was approved. The same aims at establishing the legal framework governing the exploration and extraction of aggregates throughout the national territory.
Angola | 2020.10.15
Ratification of the Agreement Establishing the African Continental Free Trade Area
The President of Angola has ratified the Agreement Establishing the African Continental Free Trade Area (AfCFTA).
Angola | 2020.10.12
Update of Exceptional and Temporary Measures during State of Public Calamity
The state of Public Calamity has been extended until 7 November 2020. The Government decided, through Presidential Decree No. 256/20, of 8 October 2020, to update the measures to prevent COVID-19.
Angola | 2020.10.09
BNA Clarifies Rules on Payment of Salaries to Non-Residents
By means of communications to the commercial banks dated 22 and 30 September 2020, the BNA clarified some aspects of the framework resulting from Order No. 17/20, of 3 August 2020, which imposed that the payment of salaries to non-resident employees be made into accounts domiciled in Angola. We highlight the following:
Angola | 2020.10.08
Law on the State Enterprise Sector Amended
In the context of the companies’ privatization program currently underway, the National Assembly approved important measures aimed at safeguarding the strategic interests of the State in the companies subject of privatization, and in the commercial companies acting in strategic sectors and in which the State, directly or indirectly, holds a minority equity interest.
Senegal | 2020.10.07
Senegal 2020 Licensing Round – Update
According to the information posted on the official website of the Senegal 2020 Licensing Round, the time period for the submission of bids has been extended once again, with the deadline having moved from 30 September to 15 December.
Cape Verde | 2020.09.11
New tax changes and incentives approved (2020 Supplementary State Budget)
Law No. 100/IX/2020, of 11 August 2020, amended the State Budget for 2020, approved by Law No. 69/IX/2019, of 31 December 2019. The new measures take into consideration the current exceptional situation faced by many companies, and are aimed at discharging them of certain obligations and at implementing additional incentives or temporary tax benefits, of which we highlight the following:
Angola | 2020.09.10
Update of the Exceptional and Temporary Measures Effective during the Situation of Public Calamity and Extension of Immigration Titles
Considering that the Situation of Public Calamity is maintained and that the national borders remain closed due to the pandemic caused by COVID-19, the Government approved the following measures by means of Presidential Decree No. 229/20, of 8 September 2020, and Executive Decree No. 233/20, of 4 September 2020, respectively: