The Brenthurst Foundation published in January 2019 a discussion paper titled "A Tale of Two Free Zones Learning from Africa's Success" by Greg Mills.
The author concluded that to ensure the free zones are more than just sweatshops, Ethiopia and Morocco have demonstrated that the full package of policy issues must be addressed, including political stability, free trade deals, logistics to and through ports, integrated value chains, and tax and other incentives.
The Hawassa Industrial Park in Ethiopia was built by the Chinese Civil Engineering Construction Corporation at a cost of $250 million. It hosts 98 (mostly Chinese) enterprises, employing 14,500 Ethiopians and 1,100 Chinese. Morocco's development of a new port, known as Tangier Med, has three free zones in the port and two industrial parks at the nearby city of Tetouan. It is a $4 billion public investment concentrated on the port, purchase of the land, and construction of 50 kilometers of expressway.
Showing posts with label tax. Show all posts
Showing posts with label tax. Show all posts
Tuesday, February 5, 2019
Monday, February 9, 2015
Chinese Companies' Perception of Doing Business in Kenya
The Sino Africa Centre of Excellence (SACE) Foundation surveyed 75 Chinese private and state-owned companies in Kenya in 2014. Drawing on the surveys, it published in January 2015 a major report titled "Business Perception Index Kenya - 2014: Chinese Companies' Perception Survey of Doing Business in Kenya 2014."
SACE said there are more than 40,000 Chinese nationals and about 400 Chinese companies in Kenya. It defined a Chinese company as an establishment which has formally registered in Kenya and more than 50 percent of its shares are owned by Chinese nationals.
Of the 75 companies that responded to the survey, the most common obstacle cited to doing business in Kenya was corruption at 68 percent. Crime, theft and disorder and personal safety followed at 62 percent, and obtaining work permits at 41 percent. The least serious obstacles to doing business were the court system (23 percent), getting electricity (23 percent), and labor management (21 percent).
SACE said there are more than 40,000 Chinese nationals and about 400 Chinese companies in Kenya. It defined a Chinese company as an establishment which has formally registered in Kenya and more than 50 percent of its shares are owned by Chinese nationals.
Of the 75 companies that responded to the survey, the most common obstacle cited to doing business in Kenya was corruption at 68 percent. Crime, theft and disorder and personal safety followed at 62 percent, and obtaining work permits at 41 percent. The least serious obstacles to doing business were the court system (23 percent), getting electricity (23 percent), and labor management (21 percent).
Sunday, December 14, 2014
Somalia: How Successive Governments Plundered Public Resources
Abdirazak Fartaag, director of public financial management in the office of the Somali prime minister between 2009 and 2011, published in November 2014 a detailed account of alleged financial peculations in successive Somali governments. The book-length analysis is titled Their Own Worst Enemy: How Successive Governments Plundered Somalia's Public Resources and Why the World Looked On.
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