Emerging Markets - Highlight
25 Aug 2016
With an ever-growing gap between supply and demand, Africa needs to rapidly ramp up its power generation if it is to meet the needs of its expanding economies, with overseas private sector investment now actively being sought.
Companies with more than 50 workers will now have to provide child-care facilities under the terms of the proposed Maternity Benefit (Amendment) Bill. The legislation also extends maternity leave from 12 to 26 weeks in certain circumstances.
The removal of many international sanctions on Iran in early 2016 looks certain to boost the country’s economic prospects. Enhancement of the investment climate in the medium-term notwithstanding, Hong Kong companies should take note of many western companies’ lingering concerns over the persisting “primary sanctions”, and the practical difficulties of doing business in the post-sanctions era.