AFRICA LACKS EVERYTHING. WHAT A CHANCE!

AFRICA LACKS EVERYTHING. WHAT A CHANCE!

To lack something doesn’t mean one cannot afford it. The consumer goods sector is growing rapidly in Africa. From 2000 to 2010, natural resources contributed to one-third of African growth. According to McKinsey & Company’s report, “The rise of the African consumer,” sectors operating at least partially in B2C represented 45% of this growth in […]

THE RIGHT VISION: A FRAGMENTED WHOLE.

THE RIGHT VISION: A FRAGMENTED WHOLE.

Understanding the distinctions between the various regions of Africa is necessary to grasp what success means in this part of the world. Many business leaders aware of these distinctions integrate a comprehensive vision of Africa. This holds true for the most obvious reason: economies of scale. Tom Gibian discovered this in Asia before coming to […]

THINK REGION.

THINK REGION.

A good way to segment the African market is by looking at regional trade zones. There are five main regional blocs in Africa, which correspond to the Regional Economic Communities (RECs) of the African Economic Community (AEC), an organization seeking to promote economic development among African states. These five RECs are: Some companies have succeeded […]

THE GOVERNANCE REVOLUTION IN AFRICA.

THE GOVERNANCE REVOLUTION IN AFRICA.

The end of the Cold War has had a positive impact that is hardly noticeable from a Western capital. Cold War politics, much like oil or misdirected humanitarian aid, was an external force to which African governments could submit without benefiting their citizens in any way. This is the recollection of Sam Jonah, former CEO […]

THE INCOTERMS : Trade

THE INCOTERMS : Trade

Customs evaluation of goods cannot be done without taking into account the provisions of the sales contract, hence the importance for customs and the declarant to master the Incoterms (International Commercial Terms). SECTION 1: GENERALITIES Incoterms come in various types. Only a good understanding of the rules will optimize the customs value. Paragraph 1: Definition […]

THE ELEMENTS OF TAXATION.

THE ELEMENTS OF TAXATION.

As we have seen above, the customs declaration includes several mentions. Among all these elements, there are three (03) that are essential for proper taxation of the goods. They are: the tariff classification, the origin, and the customs value. These elements are considered essential because they not only constitute the basis for taxation but also […]

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