Live Webinar: "Foreign Exchange Regulations: Impact of CEMAC and AfCFTA on African Producers"
3:00 p.m. WAT (UTC +1) Thursday, November 4, 2021
9:00 a.m. CDT | 6:00 p.m. GST | Timezone Converter
1.5 hours (inclusive of Q&A)
Nuno Frota, Consultant, Clyde & Co.
Yewande Senbore, Partner, Olaniwun Ajayi LP
Irena Agalliu, Vice-President Energy Insight, IHS Markit
Moderator: Nelia Daniel Dias, Senior Counsel, Baker Hughes
Moderator: Shakwa Nyambe, Founder and Managing Partner, SNC Incorporated
One of the main aspects that energy companies have to consider when investing in a given jurisdiction is the local foreign exchange regulations. Foreign exchange rules can have a significant impact on project economics, repatriation of profits, ability to reimburse financiers, and to make payments to suppliers.
It is expected that the new Currency Exchange Regulation of the Central African Economic and Monetary Community (CEMAC) may bring about changes that could impact the operations of companies active in the energy sector, including financial institutions providing them with financing. Companies have already started looking into ways to address the challenges of this new framework. Organized by the Africa chapter, this webinar plans to consider the implications of the CEMAC Currency Exchange Regulation on the many transactions in the energy sector and ideas on how this may be treated.
Trading under the African Continental Free Trade Area (AfCFTA) commenced on 1 January, 2021, and new developments are expected over the next couple of years, with a view to implementing an increasingly more open market on the Continent. Focusing on hydrocarbon producing Lusophone countries and those with production potential, the webinar will also provide innovative thoughts on how foreign exchange regulations may be reshaped in line with the implementation of the AfCFTA.
Participants will leave with an understanding of the impact of the CEMAC Currency Exchange Regulation and the implementation of African Continental Free Trade Area on the energy sector’s foreign exchange transactions.
Member - complimentary
Non-Member - $25
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