al-thhini

Nigeria enforces a yearly levy on expatriate employees

Nigeria has introduced a compulsory yearly levy for companies hiring foreign workers, charging $15,000 for directors and $10,000 for other employees. The aim is to prompt foreign companies to hire more Nigerians. Diplomatic mission staff and government officials are exempt. President Bola Tinubu has cautioned against misusing the levy to deter investors. He stressed the […]

Over $ 26 Mln Boost for Private Equity Sector in Morocco & Tunisia

The private equity sector in Morocco and Tunisia has received a $ 26.1 million grant from the European Bank for Reconstruction & Development (EBRD) to support the development of the private equity market in two North African countries, rocked by the Arab Spring. The financial assistance will also serve to rev up equity funding for […]

Mauritania Ends Trade Anarchy, Imposes Customs Taxes on Products from Algeria

Mauritania has put an end to commercial anarchy at the Algerian-Mauritanian border, when it imposed as of October 9, customs duties on all products entering Mauritania from Algeria. After the draconian security measures that led to the total closure of the Algerian-Mauritanian border, declared a prohibited military zone in July 2017, economic measures have just […]