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Doing Business In Central & West Africa

Best Prospects :The Central and West Africa sectors that hold the most promise for U.S. exporters are:Oil and gas extraction and refining equipment industries,Mining,Agro-industrial machinery and chemical,Food processing equipment and technology,Telecommunications,Generic pharmaceutical products,Reconditioned industrial equipment,Cosmetics,Used clothing

The Central and West African region holds some of the world's best prospects for the remaining areas of unlicensed oil and mineral exploration. New seismic data and changing technology that reduce costs in deep water make deep water offshore oil prospects in West Africa viable and have generated serious interest by major oil companies.

Regional Cooperation Makes It Easier To Do Business : As a result of regional cooperation, entry into one Central and West African country often grants easy access to numerous other countries in the region. Harmonization of regulations, customs, banking laws and currencies is already in place or in the works.

Visit for http://www.buyusa.gov/westafrica/en/79.html details

NIGERIA: AREAS OF POTENTIAL INVESTMENT IN POWER AND ENERGY

* Hydro power generation in Mambilla falls, Taraba State and Agbokin falls in Cross Rivers state

* Development of energy infrastructure;

* Commercialisation of energy;

* Construction and management by private companies to build, own and operate and / or transfer independent power plants;

* Production of steam and gas turbine spare parts;

* Repairs and testing of power transformer;

* Development of wind turbine for generation of electricity;

* Manufacture of distribution transformers and lines hardware;

* Technology transfer through joint erection of new power plants.

Procedures for Establishing a Business Enterprise by a Foreigner in Nigeria

Procedure Step 1: Incorporation of the Business at the Corporate Affairs Commission (CAC) in accordance with the Companies and Allied Matters Act, 1990.
Step 2: Registration of the company with Nigeria Investment Promotion Commission for the granting of Business Permit (NIPC). NIPC also grants approval for expatriate quota positions and incentives.

Requirement for Business Permit

Purchase NIPC Form 1 for N10 000.- Completed form must be submitted with original receipt.
Certificate of Incorporation.
A minimum share capital of N5 million.
Details of share holding in the joint venture.
Joint venture/partnership Agreement where applicable.
Memorandum and Articles of Association.
CAC's Form C02 and CO 7 duly certified.
Evidence of capital importation for wholly foreign companies.
Approval from the appropriate professional bodies where applicable.

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or visit

http://www.nigerianembassy.nl/invest_procedure_enterprise.htm

SUPPORT HAITI

...The young man was trapped but not crushed under a building in the January 12 quake. Doctors treating him after the rescue "believed the veracity" of his story, broadcaster CNN reported.The man must have had some access to water but was weak, emaciated and not coherent after his apparent ordeal, doctors told CNN. People described as the man's family said that they had not seen him since the day of the earthquake.If the story is confirmed, the man would be by far the longest surviving victim dug out from the rubble after Haiti's earthquake.

Nigeria Lattest Breaking News: NASS Empowers Jonathan as Acting President

The Nigeria National Assembly has passed a resolution empowering Vice President Goodluck Ebele Jonathan to step in the saddle as Acting President, pending the return of ailing President Umaru Musa Yar’Adua.
Yar’Adua has been receiving treatment at King Faisal Specialist and Research Centre in Jeddah, Saudi Arabia, since November 24, last year.

He had travelled on November 23 without transmitting a vacation letter to the National Assembly in line with Section 145 of the 1999 Constitution, thus making it impossible for the vice president to act in his stead while away.
Both Chambers of the Federal Legislature passed a resolution to fill the leadership vacuum created by the failure of the ailing president to transmit a written letter as provided by Section 145.

The Senate was the first to pass the resolution, consequent upon a motion moved by the Senate Leader, Senator Teslim Folarin and seconded by the Deputy Senate President, Senator Ike Ekweremadu...M/F