BusinessCountry Focus

Sun,04Dec2016

Country Focus

Mauritius: Tax-haven twilight

India and Mauritius have cultural links, but that doesn’t change the bottom line. Photo©George Michel/AP/SiPAIndia and Mauritius have ended a fiscal agreement responsible for billions of dollars of investment passing through Mauritius each year. With the threat that other countries may want to do the same, the government is looking for new ways to promote growth outside the offshore financial sector.

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DRC's rebel stalemate

With the surrender of M23 in 2013, the vacuum has been filled by dozens of other armed groups. Photo©James Akena/ReutersAn estimated 70 militia groups are active in eastern DRC, with a spate of clashes in recent months. As the tally of displaced people rises, UN and government forces seem unable to shift the balance of power.

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A mining code you can live by in DRC

Banro, owner of the Twangiza mine, is keen to retain the status quo. Photo©Philip MostertReforms of mining legislation have stalled once again after an angry reaction by companies who say taxes are still too high while commodity prices are low.

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Agribusiness: Flour sector tests investor appetite

A bag of flour costs 21% more than it did a year ago. Photo©Akintunde Akinleye/ReutersForeign firms are attracted by Nigeria's sizeable middle classes, but companies in the flour sector are having a hard time of it as the competition heats up.

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Bayelsa – Nigeria's bellwether state

After a violent, disrupted election Dickson prevailed. Photo©Gov Dickson official blogThe January victory for the PDP shows that the former ruling party can still be a potent force.

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Pharmaceuticals: Pills for the Ethiopian populace

Pharmaceutical manufacturing in Ethiopia has the potential to provide hundreds more with jobs. Photo©Xinhua/Zuma/REAThe medical manufacturing industry, which still only accounts for about 15% of the local market, is the focus of a government drive for investment.

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Investments: When Ethiopian giants dance

Highway 1, linking Djibouti port to Addis, will soon be joined by a Chinese-built railway. Photo©Vincent Fournier for JAEthiopia's in the driving seat, as investors from East and West seize on opportunities in sectors ranging from construction to brewing. Though they are global competitors, China, the US and Europe can complement each other here, say the ingenious functionaries in the state investment commission.

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