#Foreign Direct Investment Consultant in Nepal

[digitalgurkha]

Foreign Direct Investment in Nepal

As being a personality from Business Sector in Nepal, I’m going to share you all the info, procedures along with the budget of investment and authority you will get involved on Foreign Direct Investment in Nepal. How one can invest in Nepal in new business or in an existing business. And at last I will suggest you the best Foreign Direct Investment Consultant in Nepal.

For Complete info about business related visa and policies in Nepal click here Business Visa in Nepal .

Let’s begin the talk (or Click here Foreign Direct Investment in Nepal if you want to gather complete info on FDI procedures in Nepal rather than reading my content)

MODE OF INVESTMENT IN NEPAL

Foreign Investment can be made in any industry in the following forms:

1.       Establishing a new industry either with 100% foreign equity or as a joint venture with Nepalese or other foreign investors

2.       Investing in shares (equity) of an existing industry

3.       Reinvestment of the earnings derived from earlier investment

4.       Investment made in the form of loans or loan facilities, and

5.       Engaging in technology transfer in an existing industry

6.       Investment with Machine and Equipment as a part of Equity

Note: Investment can be made either in cash or in the form of tangible / intangible assets, e.g. machinery and equipment.

APPROVING AUTHORITY FOR FOREIGN INVESTMENT:

(Click here for info in this section)

ESTABLISHING INDUSTRY WITH PROJECTS OF LESS THAN 10 BILLION NPR

a. Procedure:

1.       Project Identification and Initial consultation at Department of Industries (DOI).

2.       Application for foreign investment approval at DOI including all required documents.

3.       Approval of foreign investment by DG or Investment Promotion Board as the case may be.

4.       Issuance of foreign investment approval letter by DOI.

5.       Incorporation of a Company with Office of Company Registrar by making application with required documents and payment of registration fee

6.       PAN registration with Inland Revenue Department (IRD), change in PAN if required.

7.       Opening of Bank Accounts

8.       Application to Central Bank (NRB) for principle approval to bring FDI into Nepal.

9.       Industry Registration at Department of Industries

10.   Inflow of FDI and Application to NRB to Log the capital brought in the form of FDI

11.   Environmental Assessment as per EPR if required under law.

12.   Application for business license from concerned regulating authorities as applicable.

13.   Commissioning of Industry

 Expected Duration: 1 Month

 b. Documents required for establishing a new industry with projects of less than 10 billion NPR:

 ·         At DOI for FDI approval:

-          Project Report / Feasibility Report in two copies

-          Duly filled up online application form - Joint Venture Agreement (JVA), in case of more than one investor

-          Citizenship certificate of local investor or Certificate of Incorporation, including Memorandum of Association and Articles of Association, shareholders register, tax clearance certificate if the local investor is a company

-          Copy of passport of foreign investor or Certificate of Incorporation, including Memorandum of Association and Articles of Association if the investor is a company

-          Board minute of foreign investor (company) to invest in Nepal

-          Bio-data / Company profile of the foreign investor

-          Financial Credibility Certificate (FCC) of the Foreign Investor provided by a home country bank or domiciled country bank

-          Board Minute of the concerned Local or Foreign companies regarding investment or JV

-          Authority letter from the concerned companies or individuals to carry out any necessary work on their behalf, if applicable

-          Company Profile of the Foreign Company

 ·         At Company Registrar Office for company registration:

-          Online Application to obtain approval for Proposed Name of the company

-          Application in prescribed format along with Approved Name of the company , Articles of Association and Memorandum of Association (two sets),

-          Unanimous agreement between promoters, if any

-          Promoters minute to register a company, if applicable

-          FDI approval letter and JV if applicable from DOI

-          Attested copies of citizenships of local shareholders

-          Notarized copy of passport of foreign party or Certificate of Incorporation, including Memorandum of

-          -Association and Articles of Association if the party is a company

 ·         At IRD for PAN registration

-          Board minute for registration

-          Form dully filled up - Copies of company registration certificate

-          Copies of Articles and Memorandum of Association

-          Copy of rental agreement (office) with TDS deposit slip

 ·         At NRB for FDI approval

-          FDI approval letter from DOI

-          Notarized Company Registration certificate of foreign company and certified copy of the same from Local Company as applicable

-          Notarized Articles and Memorandum of Association of foreign company and certified copy of the same from Local company as applicable

-          Tax registration certificate of Local company

-          Copy of Industry Registration of Local company

-          Commitment letter from Foreign investor, for not taking back the investment for 1 year

-          Bank Statement of foreign bank of investor and proof of the Source of investment

-          If Money is not coming at once then should submit the investment schedule starting with minimum NPR 5 million.

-          Audit report of the Foreign Company as applicable (if more than one year of operation)

-          Credit Information Bureau (CIB) report for not being black listed for Local Company

 ·         At DOI for Industry Registration

-          Dully online filled up form

-          Copies of Company registration, Tax registration, FDI approval, Articles and Memorandum of Association

-          Copies of the documents of the Foreign investor as required

 (For all the info, click here Investing in Nepal )

 PROCEDURE FOR ESTABLISHING INDUSTRY WITH PROJECTS OF 10 BILLION NPR OR MORE

 a. Procedure

-          Project Identification

-          Initial consultations at Investment Board of Nepal (IBN).

-          Application for foreign investment approval at IBN including all required documents.

-          Approval of foreign investment by Investment Board. (Board may approve by direct negotiation if there are no other applicants or the project cost is 20 billion or more.)

-          Issuance of foreign investment approval letter by Investment Board.

-          Incorporation of a Nepalese Company at Office of Company Registrar by making application with required documents and paying required fee.

-          Income Tax/VAT registration at Inland Revenue Department (IRD) and opening of Bank Account.

-          Application to NRB for approval to bring FDI into Nepal

-          Industry Registration at Department of Industry

-          Inflow of FDI and application to NRB to log the capital brought in the form of FDI

-          Environmental Assessment as per EPR (Environment Protection Rules), if required under law.

-          Application for business license from concerned regulating authorities.

-          PDA/PIA negotiations.

-          Commissioning of Industry

Expected Duration: 3 month

 (Click here Foreign Direct Investment in Nepal if you want to gather complete info on FDI procedures in Nepal rather than reading my content)

 b. Documents required for establishing a new industry with projects of NPR 10 billion or more:

 * Documents Required at IBN

- Preliminary Feasibility Report (must include following information)

·         Project Design o Estimated Cost of the Project

·         Proposed Financial Resources

·         Business/Operation Plan

·         Preliminary EIA Report

·         Proposed Revenue model

·         Proposed Royalty / Fee to Government

-        �� Joint Venture Agreement (JVA), in case of more than one investor

-          Citizenship certificate of local investor or Certificate of Incorporation, including Memorandum of Association and Articles of Association, Shareholders register, tax clearance certificate if the local investor is a company

-          Notarized Copy of passport of foreign investor or Certificate of Incorporation, including Memorandum of Association and Articles of Association if the party is a company

-          Bio-data / Company profile of the foreign party

-          Financial Credibility Certificate (FCC) of the Foreign Investor provided by a home country bank or domiciled country bank

-          Authority letter from the concerned companies or individuals to carry out any necessary work on their behalf, if applicable

Documents required at Company Registrar Office, NRB, IRD, DOI are more or less similar as explained above (in case of projects of less than 10 billion NPR).

 Click to get info about the Best Business Consultant in Nepal who can help / guide you out in setting up your business.

   INVESTING IN AN EXISTING INDUSTRY IN NEPAL

a.      Procedure

1.       Industry Identification and Initial consultation at Department of Industries (DOI).

2.       Application for foreign investment approval at DOI including all required documents

3.       Approval of foreign investment by DG or Investment Promotion Board as the case may be based on the amount of the investment.

4.       Issuance of foreign investment approval letter by DOI.

5.       Approval of Nepal Rastra Bank to bring FDI into Nepal.

6.       Invest in the existing Nepalese company by share transfer or further issue of shares; or invest in the form of loan to the Nepalese company.

7.       Industry Registration with Department of Industries or change of the structure of industry from Cottage and Small industry office to DOI.

8.       Certification of investor as new shareholder of the company from OCR

Expected Duration: 20 days

b.      Documents Required for investing in an existing industry

·         At DOI

-          Proposed Business Plan and Shareholding Structure

-          Request from the Investor

-          Request from the Seller

-          Share Purchase Agreement

-          Copy of minutes of the Board meeting of local company regarding inclusion of foreign investor into the company

-          Copy of minutes of Board meeting, Certificate of Incorporation and company profile of the foreign party if the party is a company

-          Notarized copy of passport and Bio-data of foreign investor, if investor is an individual

-          Copy of the Company Profile and Passport of the Authorized Representative if investor is a company

-          Financial Credibility Certificate of the Foreign Investor provided by a bank

-          Current Share Holders’ List as certified by the Company Registrar’s Office

-          Latest Auditor’s Report

-          Tax registration and Tax clearance certificate of local company

-          Authority letter(s) from the companies concerned to sign on behalf of the companies

·         At NRB for FDI approval

-          FDI approval letter from DOI

-          Company Registration certificate

-          Articles and Memorandum

-          Tax registration certificate and Tax clearance certificate

-          Credit Information Bureau (CIB) report for not being black listed for Local Company

-          Financial Credibility Certificate of the Foreign Investor provided by the bank

-          Payment Schedule if the investment is coming in phases/tranches

-          Notarized Passport copy of Investor or Passport of the Authorized Representative if investor is a company

-          Registration documents of the investor, if investor is a company

-          Audit Report of the foreign company if investor is a company

-          Letter of Commitment from Foreign investor

-          Letter of declaration of source of investment from foreign investor

Click to get info about the Best Business Consultant in Nepal who can help / guide you out in setting up your business.

 Read here for Complete Procedure to setup business in Nepal with different budget http://bizserve.com.np/wp-content/uploads/2017/12/DBIN-Part-2.pdf

[nepalrealestatesolution-blog]

Nepal Real Estate Solutions P.Ltd(www.realestateinnepal.com). is real estate/property dealing company in Nepal. We help the client to BUY, SALE, RENT-House, Land (Property/Ghar jagga ) easily all over Nepal. We are one of the government authorized Legally Registered (License No: 158348/073/74) Real Estate Company in Nepal.

It is established along with the motto to serve and facilitate its clients with the best, suitable and affordable housing solution and habitat facilities. In short, Consulting & Finding Property, Buying Property, Rental Management, Selling Property, Real Estate Management, Real Estate Marketing, and Promotion.

Our approach is not only to satisfy their needs, but also to provide them with the support and assistance to find the best housing solutions. We, here at Nepal Real Estate Solutions Pvt. Ltd. are experienced and dedicated to helping our clients in the best possible way. So, come and let us make wise decisions.

Our Service is as follows: Real Estate Advertising

Our Company has a well-managed Web page and a good Facebook branding page and other social media sites. You can freely post your property /House for Sale, Land For Sale or Rent and Business Directory. We can guarantee a good result with the defined period. We have different types of listing such as property Free Listing, Property Features Listing, Premium Listing, and Property Top Listing.

Consulting and Finding Property

We give consulting about the property and help to find the best property for SALE, RENT for a secure investment.

Selling Property

We have the best properties listed available for Sell all over Nepal. You can also easily Sale properties with the help of Nepal Real Estate Solution Pvt Ltd. You can find the listing such as House For Sale, Land For Sale, Flat and Apartment for Sale etc. and you can easily find a house for sale all over Nepal.

Buying Property In Nepal

We have properties listed here in our page available for sale, you can buy house, land -properties in Nepal according to your requirement with the help of NRES.

Rental Management

We have properties listed for Rent.  We help to find properties available for Rent and you can also Rent Out your properties with the help of NRES.

Construction/Estate Management

We have a highly qualified and experienced team for the Construction of House and building. We can also help to build the property of your dream.

Free Posting Rules

Please click on the “Post Property ” button then fill with the property details form clearly, upload pictures, map and video of the properties and submit it. Then it will be posted on our web page. Please Take Note, NRES is web page related to real estate, therefore post the items related to Real Estate only.

When we start thinking of selling or buying a property we definitely ask ourselves if it is a job that can be done by us or we really need the help of a real estate company. With more than several years of experience in the real estate industry, Nepal Real Estate Solution Pvt Ltd is one of the best realtors in Nepal. What you will need to know in order to accomplish your best deal? Mr Gopal Barudi the Director of the company and very experienced real estate officers will give you some of the most reliable home selling tips to follow!

Here are the best 5 reasons why you might consider hiring a professional real estate agent/company.

Experience and connections – Selling a property it is not that easy. It is a process that can take months or even years if it is done on your own. It may need lots of perseverance and knowledge for which none of us is really prepared with this time-consuming procedure. A real estate agent is prepared with the knowledge, connection and advertising measures to pass over some of these steps easy and much faster. And why not? Most of the buyers will prefer to buy a property from real estates who has so many to offer and can make this process easier and safer and also makes the search of a home an uncomplicated business. With the knowledge of a realtor, selling or buying a property can be a matter of a few months only. Having the connections, the expertise, and the ready to use marketing tools this will save you money, time and definitely with help you pass a less stressful experience.

Marketing – For high-value items like properties, that takes longer to sell, advertising it is a very important tool. The more people find out about your property the more chances to sell you will have. A professional real estate company is always prepared to advertise your property free of charge for longer periods of time, has the knowledge about where to advertise your property and the experience about how is the best way to do it. Having employed a professional marketing team definitely this procedure is on safe hands. The presence of your property on a realtor’s website has more chances to be seen by many prospective buyers and also any good agent already has a list with buyers that are searching maybe for properties like yours.

When it is about buying a property an agent knows exactly where to search. If you are searching for a specific location a good local Realtor is going to know the search area way better than you ever could. Also sometimes properties are available but not actively advertised. A Realtor can help you find those hidden gems. Have your eye on a particular neighbourhood, but it’s just out of your price range? Your Real Estates officers are equipped to know the ins and outs of every neighbourhood, so he can direct you toward a home in your price range that you may have overlooked.

Negotiation Skills – Any time you buy or sell a home, you’re going to encounter negotiations—and as today’s housing market is growing bigger, those negotiations are the ones that will help you, buyers or sellers, to make the perfect deal. Most of the time agents already know exactly how much the buyer is intended to offer, the real price of the property in your area, and if the buyer is really interested or not in a property like yours. That extends from learning about the property itself, why it’s for sale, what’s happening around it and current market conditions, down to who buyers will actually deal with.

Knowledge is power when it comes to negotiation. You need to understand the underlying fundamentals affecting property and even things like a property’s orientation on the block, if there’s an application in for a block of flats next door or if there are car parking issues in the street.

Property Evaluation – Contrary to what some people believe, agents do not select prices for sellers or buyers. However, an agent will help to guide clients to make the right choices for themselves. Having all the knowledge and experience realtors knows the best how easy will be to sell your property for the best price. Selling agents will ask buyers to weigh all the data supplied to them and to choose a price. Then based on market supply, demand and the conditions, the agent will devise a negotiation strategy.

Handling the documents – Title deeds, reservation deposits, Inland Revenue Department, The right layers specialized in the purchasing procedure of property is an easy task for a real estate agent. Drafting and Reviewing of Sale and Lease Agreements; Acquisition of Property by Cypriot and foreign nationals; Property Management for non-residents; Real Estate Finance; Examination of title deed; Preparation and administration of commercial real estate closings; Assistance with investment property transactions; Transfers of ownership; Registration of titles with the Land Registry – with all the trouble that you may encounter, with all the running for the right documents and paperwork there is no way you will not be much happier that you are using the professional services of a realtor.

With home listings so accessible online, some would-be buyers may think they don’t need a real estate agent. It’s easy to find a house online, but it’s harder than it appears to get from offer to closing. A good agent, with knowledge of the market and negotiation experience, can make the difference between a successful purchase and a deal that falls apart.

For more details and information about how we could help you with the selling or buying of a new home in Nepal do not hesitate to call Nepal Real Estate Solution Pvt Ltd(www.realestateinnepal.com) the top real estate company in Nepal. 

[newstfionline]

India and China Face Off in Border Standoff

AP, July 24, 2017

NEW DELHI--It was the tiny Himalayan kingdom of Bhutan that sounded the alarm: Chinese soldiers had arrived with bulldozers and excavators, and were building a high-mountain road near India’s border--in an area the two nuclear-armed Asian giants have disputed for decades.

India responded to the call by sending troops last month to evict the Chinese army construction party from the Doklam Plateau. Within a few days, Indian media were running leaked video footage of soldiers from both sides shoving one another atop a grassy flatland.

The tense standoff has only escalated since then, raising concerns in both capitals of an all-out military conflict. Both sides have made threats while simultaneously calling for negotiations. The U.S. State Department has urged the two sides to work together toward a peaceful resolution.

India told China last week that it was ready to hold talks if both sides pulled their forces back from the disputed border area. But China countered on Monday by insisting the road was being built on its sovereign territory, and warned India not to “push your luck.”

India, taken aback by the escalation, has said the two governments reached an agreement in 2012 that the status of the Doklam area--which falls between China and India on a Bhutanese plateau--would be finalized only through joint consultations involving all parties. A look at the background:

AN OLD QUARREL. India and China have faced off frequently since fighting a bloody 1962 war that ended with China seizing control of some territory. Troops from both sides still regularly patrol other unmarked territories, though neither side has fired any shots in decades. Negotiations since 1985 to settle the boundary dispute have seen little success.

The land they’re currently arguing over spans 269 square kilometers (104 square miles) on a sparsely populated plateau in western Bhutan, which has no diplomatic ties with China and coordinates its relations with Beijing through New Delhi.

But India and China have rival claims to other Himalayan areas as well, including 90,000 square kilometers (35,000 square miles) in what India considers its state of Arunachal Pradesh and China refers to as “Southern Tibet,” as well as 38,000 square kilometers (15,000 square miles) of another plateau called Aksai Chin.

Bhutan said the road China has been building would run from the town of Dokola to the Bhutanese army camp at Zompelri.

Bhutan’s foreign ministry called it a “direct violation” of agreements reached in 1988 and 1998 to maintain peace and refrain from unilateral action in the area pending a final border settlement. “Bhutan hopes that the status quo in the Doklam area will be maintained,” it said in a June 29 statement.

Chinese foreign ministry spokesman Lu Kang said last week that India’s border guards, in responding to Bhutan’s call for help, had “illegally trespassed the boundary into Chinese territory” when they confronted the Chinese army construction team.

A STRATEGIC AREA. For India, securing the Doklam Plateau is seen as essential to maintaining its control over a land corridor that connects India’s mainland with its remote northeastern states.

India has said the Chinese road project threatens its access to the corridor, while China has questioned why India should even have a say in a matter that concerns only Beijing and Bhutan.

India’s army chief warned earlier this month that India’s army was capable of fighting “2 1/2 wars” if needed to secure its borders.

Indian analysts said China appeared to be trying to pre-empt settlement negotiations by establishing a Chinese presence in Doklam.

“China has been trying for a long time to gain a tactical advantage in this sector,” having already established dominance along the Indian borders at Ladakh and Arunachal Pradesh, said security expert Uday Bhakar, a retired Indian navy officer. “The Chinese did not expect this resolute Indian response, and that’s why the standoff has continued.”

The dispute was discussed briefly without resolution by Chinese President Xi Jinping and Indian Prime Minister Narendra Modi on the sidelines of the G-20 summit earlier this month in Hamburg, Germany. It is expected to be taken up again when Indian National Security Adviser Ajit Doval visits Beijing for another security forum on Thursday and Friday.

UNEASY NEIGHBORS. The Doklam standoff is just the latest of many irritants dogging relations between the world’s two most populous nations.

For years, India has watched uneasily as China vigorously wooed Bhutan and other, smaller countries in India’s traditional sphere of influence, including Nepal, Sri Lanka and Myanmar.

“This is not the first time that we have a standoff with China,” said foreign affairs analyst and retired Indian diplomat G. Parthasarthy, predicting there would likely be a period of stalemate followed by a political compromise if the current tensions follow past patterns.

“China is in an ultra-nationalist mood of establishing a hegemony power in Asia,” he said. “The best thing for China is to sit down and talk.”

China, meanwhile, has been frustrated with India’s refusal to sign onto a massive effort to build railways, ports and roads reaching from Asia to Europe and the Middle East. The project includes a China-Pakistan economic development program aimed at absorbing as much as $46 billion in investment, most of it from Chinese banks.

China also has complained bitterly for decades over India’s accepting the Dalai Lama as a refugee in 1959. The Tibetan Buddhist spiritual leader has kept his headquarters in northern India since fleeing Chinese-ruled Tibet.

Despite their disagreements, India and China entered a trade agreement in 1985 and have stepped up cooperation in agriculture, science and cultural exchange. But a $46.6 billion trade deficit favoring China has irked Indian members of parliament, who call regularly for more balance.

[ibilenews]

10 fantastic things Aliko Dangote has done in the last 10 years

The name Aliko Dangote needs no introduction across the length and breadth of Nigeria. While some believe it is a household name, others believe the bearer has a stake across all the sectors of the economy.

That Aliko Dangote has been able to hold on to the position of the richest man in Africa for 10 years is a pointer to the fact that he has achieved several enviable feats.

How is it that one man has been able to hold the position consistently for the last 10 years?

Not a few people have the above questions in their minds, and indeed it is one that is worth asking. Alhaji Aliko Dangote has managed to pull this feat by the sheer effort of personal, business decisions and actions he has taken over the years.

So, what exactly are those things he has done over the last decade? We certainly cannot consider all, but let us start by x-raying 10 fantastic things this billionaire has done in the last ten years, as he celebrates his 63rd birthday.

10

In 2011, Dangote invested a massive $400 million in the construction of a cement plant, and also invested R779 million to increase the Dangote Industries Limited stakes in Sephaku Cement (Pty) Limited, based in South Africa, from 19.76% to 64%.

His investment into the South Africa-based cement company was described as the largest foreign direct investment (FDI) ever by an African company in South Africa at the time.

If the Dangote Industries was not already present in 14 African countries at the time, one would have thought the man was in a heated race for the gold.

Keep in mind that the Dangote Group had already been listed among the top 40 African Challengers by the Boston Consulting Group (BCG), a United States-based rating agency; the agency had already seen the potential in the Dangote Group to rival Fortune 500 Companies.

Now isn’t this fantastic?

9

Back home in Nigeria in 2012, Dangote Cement moved to erect the biggest cement plant in Africa in Southwest Nigeria.

The most amazing thing is the fact that this rich billionaire spent $1 billion on what the Guardian referred to as “a century-old wasteland of limestone and red dirt in south-west Nigeria”.

Some must have turned their noses up at this move, possibly thinking of him as one of those “money miss road”, but 9 years after, the Dangote Cement plant, Ibese in Ogun state accounts for over 6 million metric tonnes of cement, which translates to more money for the billionaire over the years.

With this in place and the creating of new lines at Dangote Cement Plant, Obajana, he ended the era of cement import and launched Nigeria into cement export.

He was already richest black man in the world at the time and ranked 76 in the world by Forbes magazine.

8

Dangote moved to assert his place in sugar production when in February 2013, the Dangote Sugar Refinery announced plans to acquire 95% equity stake in Savannah Sugar Company limited, SSC.

The deal was executed through a Share Sale and Purchase Agreement, SSPA, and Dangote Industries Limited (DIL) acquired 95% of the issued share capital of Savanna Sugar, amounting to 2.14 billion ordinary shares of N1.00 each.

This was about the same time the Nigerian government designed the backward integration goal, the National Sugar Master Plan to attract over $1 billion annually in local and foreign direct investments and create jobs.

Also, recall that April 2013 was the first time the mogul announced his intention to build a private refinery in Nigeria, to reduce Nigeria’s dependence on importation of petroleum products.

Such big dreams!!!

7

Aliko Dangote in 2015 signed a mammoth deal with Chinese state-owned engineering company, SINOMA, to build factories for Dangote Cement Plc.

The deal was worth $4.3 billion (£2.8 billion), and seven plants to be built across the continent and one in Nepal. It was not just another avenue to spend money, as the billionaire had done the calculation and expected the new plants to increase the company’s production capacity by as much as 25 million metric tonnes.

Great plans for his home country, no doubt!

6

As a result of the sizeable investments made over the years, Dangote Cement ended 2014 with new lines in Nigeria, factories becoming operational in Senegal and South Africa, and other plants in Cameroon and Zambia. This increased production capacity from just under 21 million tonnes in January to more than 34 million tonnes at the end of the year.

This was an unprecedented rate of expansion and the company went ahead to open new factories in Ethiopia and Tanzania in the following year.

5

The Dangote Foundation remains one of the most heart-touching innovations of Aliko Dangote. It is the largest foundation in Africa and has an annual endowment of $1.25 billion. The foundation is described as “locally focused, but globally-minded” and has contributed millions to improve nutrition, health, education and economic empowerment in Nigeria.

The foundation is a lead contributor to the ‘Saving One Million Lives’ every year in Nigeria and was at the forefront of efforts to contain the spread of Ebola in Nigeria and other parts of Africa. The foundation was the biggest private contributor to the African Union Ebola Trust Fund with a donation of $3 million.

The foundation also partnered Bill and Melinda Gates Foundation to eradicate polio in Nigeria by strenghtening primary health care and making provisions for routine immunization across Northern Nigeria. The initial project commenced in Kano and Bauchi states. In January 2016, Sokoto, Yobe, Kaduna and Borno States were added to the partnership, with over $10 Million spent.

The Aliko Dangote Foundation Micro-grant programme is a N10 Billion programme designed to provide a N10,000 one-off grant to at least 1,000 vulnerable women, and in some cases, youths, in each of the 774 LGAs across Nigeria. it is national programme launched in Kano in 2011 and is being systemically rolled out across the country. The programme is being implemented in partnership with states government to complement their respective poverty alleviation drive across the country.

So far, the sum of N3.345 Billion has been disbursed to women across Kano, Jigawa, Kogi, Adamawa, Borno, Yobe, Lagos, Niger and Nasarawa States.

Also, in continuation of its efforts to rehabilitate and resettle the Internally Displaced People in the Northeast, Nigeria, the Aliko Dangote Foundation commissioned 200 Housing Units of the Dangote Village Housing Estate for the Internally Displaced Persons in Maiduguri, Borno State, with Award Letters issued to the chosen beneficiaries – mostly widows with dependents.

In support of this laudable action by the Foundation, the State Government made provision for each family to be given economic empowerment tools to sustain their livelihood adding a fully functional school and a clinic to cater for the residents of the estate.

The impact of this foundation over the years can hardly be wrapped into a few paragraphs, but it has been a major contributor to alleviating poverty, just as the philanthropist billionaire intended.

4

The year 2018 was a significant one for the Dangote Group. Aliko Dangote did the ground-breaking ceremony for the construction of a rice processing plant in Jigawa – the culmination of a series of events that started a couple of years earlier.

He had signed a $1 billion agreement with the Federal Government for the integrated rice production in Kebbi, Sokoto, Zamfara, Kano, Niger and Jigawa.

The multi-billion processing mill had the capacity, upon completion, to process 16 tonnes of paddy rice per hour, totalling to about 14-billion-naira worth of rice per year.

It was a much-celebrated event for the year, as the rice mill was expected to improve the lives of the residents since the raw products would be bought from local farmers in Jigawa. The end aim is to make Nigeria self-sufficient in rice production.

We can expect more from this billionaire in this regard, as he has announced in recent times, his intention to do more in agriculture.

3

Dangote Cement Nigeria increased the group’s revenue in 2018 by over 10%, simply by creating favourable fuel mix at the cement plants at Obajana and Ibese. With these unprecedented innovations, the group cut out reliance on imported coal for both plans and started using coals from mines operated by the Dangote Industries Limited.

The impact of this was seen largely on foreign currency demands, thus pushing the company’s revenues. Subsequently, all eight kilns in Obajana and Ibese have been running on coal, gas or LPFO or a mixture of the three. I’m sure you didn’t know that.

And lets no forget that stunt he pulled when he bought back Dangote flour mills, the loss-making business he sold for $200 million to Tiger Brands, only to resell it to Olams years later for $362 million

2

2019 was the year of consolidating on the refinery plans which had long commenced. The peak of it all was the arrival of the specially configured facility which Dangote had since requested to be made.

The facility, which was built by Sinopec, China’s leading energy and chemical company, has been described as the largest in the world and has since been installed at the Dangote refinery.

The Atmospheric tower is expected to separate crude oil into its components (or distillation cuts, distillation fractions) for further processing by other processing units when the refinery starts full operations later this year.

According to the mogul, the refinery will within 18 months of operation, be able to meet Nigeria’s demand for petroleum products, and soon after become the largest exporter of petroleum products in Africa.

Experts support this prediction, adding that Nigeria could become Africa’s biggest producer and exporter of refined petroleum and gas products, including plastics, fertilizer, jet fuel, diesel and gasoline. This is expected to lift the economy of the entire continent. Amazing, right?

1

Very fresh on our minds is the donation of N2 billion naira and other materials to the Private Sector Coalition against COVID-19, just some weeks ago. It signified the tycoon’s willingness to partner with the Central Bank of Nigeria, and private sector participants, to alleviate some of the hardships which the pandemic is sure to inflict on Nigeria.

Just weeks before this, he had donated N100 million worth of materials after the Abule-ado explosion to help in rebuilding the destroyed buildings.

You may feel like we have said much here, but we have not even made mention of the infrastructural facilities he built across tertiary institutions in the country – the construction of a N1.2 Billion Dangote Business School, Bayero University Kano, or the construction of hostels or provisions of power supply at Ahmadu Bello University, Zaria, Kaduna state and Kano University of Science and Technology, Wudil, Kano State.

So much has not been said.

The year is still very young with only 101 days gone, there’s still a lot more fantastic things that could happen this year. Keep in mind that the billionaire also has plans to buy Arsenal FC, and take the Nigerian flag all over the world.

[fxmarkettech]

Forestry Funds and the Challenges They Face Overseas

Earlier this month, Nepal announce that it will unveil 50 projects from foreign investments at the Nepal Investor Forum in 2012. Forestry is one of the areas these foreign funds will be directed. Around the same time, People's Daily Online reported that a total of $1.5 billion of foreign loans and grants have been invested in China's forestry sector between 1985 and the end of 2010. According to the Sate Forestry Administration, the foreign investments, along with domestic funding of 8.7 billion yuan (about $1.37 billion) have resulted in 5.82 million hectares of afforestation. Forestry funds, however, have to be careful and anticipate some challenges when dealing with initiatives overseas --- lack of transparency, local political and economic conditions and corrupt practices. All of these can jeopardise the overall project performance, efficacy and, subsequently, investor returns. Forestry investments are lon-term investments. Therefore, an effective and transparent monitoring and performance evaluation system is essential. It will continuously follow the financial as well as strategic development of the project, while making sure that the investment is, indeed, working and returning revenue. Reputable financial and auditing consultancies need to be involved, so that they can stingently evaluate and report back to investors on the state of the assets and the financials of the corporation. When investing in a foreign country, there are external factors, which can influence project performance and evaluation and tamper with transparency. One of these factors is local politics, which can meddle with forestry management to a high extent. Some forests are state-owned. In the case with China, all forests are owned by the government. This means, more often than not, government interests are involved in the monitoring and reporting process, and larger political goals can result in asset misrepresentation. In a global economic recession, fear of losing foreign investments can force governments in developing countries to put pressure on local project management to misrepresent facts and figures. This misleading practice creates a snowball effect and, by the time the fraud is unveiled, investors could have lost millions. Aside from political interests, the current state of the economy in the particular country can also play a role in forestry project management and regulations. Instability and currency volatility can cause asset values to fluctuate, making evaluation and reporting quite challenging. And last, but not least, corrupt practices are also not unlikely in developing economies. They can severely compromise the effectiveness of the forestry operations. At the same time, greed and subsequent misuse of position and power at the highest level can rise, just as it has been observed in the last few years with corporations in some developed economies. Investing in forestry funds overseas can be rewarding -- not only monetarily, but also ethically. Many forestry projects provide jobs and income for local communities in the developing countries, thereby helping their sustainability. So when forestry projects are not functioning properly, the lives of indigenous communities are adversely affected.

[digitalgurkha]

Foreign Direct Investment Consultant in Nepal

As being personality belongs to Business Sector I’m going to share from my depth research about the Top Foreign Direct Investment Consultant in Nepal.

 Foreign direct investment is critical for developing and emerging market countries so Foreign Direct Investment in Nepal is critical. The developed world also needs cross-border investment. Economic transformation can be materialized with the support of global investors. Any investor would like to secure his mega investment, and decision in an effective and efficient manner to safeguard such investment requires expertise and experience. So with my experience I’m writing here a brief info about one of the biggest Business Supporting International based corporate Reanda Bizserve Nepal, here I’ve discussed about what and how they provides the range of services to their clients in the following area of FDI in Nepal.

Let’s begin the talk (or Click here Foreign Direct Investment Consultant in Nepal for complete info about Reanda Bizserve Nepal)

·         Entry Strategy

They suggest, plan and implement entry strategy for your business by doing a detailed analysis of the regulatory environment, evaluate alternative entry options and decide best fit option.

·         Location Study

They conduct location studies by evaluating the relative advantage of different locations based on well-defined multi perspective geographic, political, economic parameters, including fiscal incentives, rebates and tax concessions.

(Click here Foreign Direct Investment Consultant in Nepal for complete info about Reanda Bizserve Nepal)

 ·         Regulatory Approvals

They assist their clients to get approvals from all government bodies whether it is for approval of FDI, or incorporating a company or setting up an office, or starting business operation. An illustrative list of government bodies from where approval may be required is given below:

-          Department of Industries (DOI)

-          Nepal Rastra Bank (NRB)

-          Investment Board of Nepal (IBN)

-          Company Registrar’s Office (CRO)

-          Inland Revenue Department (IRD)

-          Department of Food Technology and Quality Control (DFTQC)

-          Department of Drug Management

-          Department of Mines and Geology

-          Department of Electricity Development

-          Ministry of Education

-          Civil Aviation Authority of Nepal (CAAN)

-          Nepal Telecom Authority (NTA)

 ·         Secretarial Support

Assisting the management in drafting and maintaining statutory records, minutes of meetings (Annual, Shareholders, Board), appointment and resignation of key personnel, increase / reduction of capital, dividend declaration, change of registered office etc. and if required, assist in closure of office and liquidation of entity.

·         Project Management

Project managing the factory establishment in Nepal, including identification of industrial location, necessary clearances from government bodies and facilitating relationship with key service providers and contractors, all matched and monitored against pre-defined milestones.

·         Start-Up Support

They organize the office infrastructure and manpower during the ‘in transit period’ of a company when it is in the process of setting up, including acting as a nominee resident directors.

(For complete info, procedures along with the budget of investment and Governmental authorities in Foreign Direct Investment in Nepal click here Foreign Direct Investment in Nepal)

[igia-news-updates]

Infrastructure: Udta Bharat – regional air connectivity takes off; congratulations to Civil Aviation Ministry

This tally is set to go up as the Ude Desh ka Aam Nagarik (UDAN) scheme will provide connectivity to 31 unserved airports and give a boost to investment and job creation opportunities in the tourism sector.

Udta Bharat: Regional air connectivity takes off. First batch of 5 airlines, with 128 routes approved. Congratulations to Civ Av Ministry.

UDAN: Gratifying to note that of the 70 small cities selected for route ops—no airline currently flies to 31 of them. Great effort.

Connecting 31 unserved airports Till date only 76 airports in India boasted of commercial flights. This tally is set to go up as the Ude Desh ka Aam Nagarik (UDAN) scheme will provide connectivity to 31 unserved airports and give a boost to investment and job creation opportunities in the tourism sector.

Why is rising FDI not creating jobs? Well, in infra sector it’s mostly to do with brownfield acquisitions and not greenfield investments.

FDI-job growth mismatch Foreign direct investment (FDI) grew to $46.4 billion in 2016 but this has not translated into any significant growth of jobs. According to experts, the reason for this mismatch is that a large part of FDI is in the form of acquisitions.

Government favourably considering extension of Mega Power Policy by 5 years is heartening. Will provide `10,000 cr benefit to about 24 projects.

A new lease of life According to the government, the move to support the projects is necessary in view of the expected increase in demand for power on account of the Make-in-India initiative, rural electrification and the shift to electricity from fossil fuels for transportation and cooking.

Urban Dev Ministry expects `6,000 cr Municipal Bonds to be issued in 2017-18; and appeals to PMO against FinMin denying tax-free status.

Ministries spar over bonds The urban development ministry has argued that if local bodies issue bonds which are not tax-free, they would raise money at the rate of 8-8.5%. Considering that banks offer loans to local bodies at the same rate, it would not be an attractive enough proposition.

Coal mining set to open up to pvt sector. Ministry’s discussion paper proposes to auction 3 large mines without restrictions on end use.

Mining new opportunities The mines that have been identified for commercial mining would be large enough to attract foreign players, according to the draft consultation paper. Experienced miners, with net worth of more than `1,500 crore, would be eligible to participate in the auction.

Powerful: India has just become a net exporter of electricity with supplies to Bangladesh & Nepal being in excess of import from Bhutan.

Power diplomacy India exported 5,798 MU (million units) of power during the April 2016-February 2017 period, which is about 4% more than the 5,585 MU it imported from Bhutan. Exports to Nepal and Bangladesh have shown an increase of 2.5 and 2.8 times, respectively, in the last three years.

Davos aspiration: Nat Hiway Infra Devpt Corp has been asked to hire a consultant to plan for a Davos equivalent near Auli in Uttarakhand.

Auli to be India’s Davos In a bid to replicate Davos, the state-run National Highways and Infrastructure Development Corporation has been tasked to create infrastructure for business conclaves and adventure sports in the high-altitude region between Joshimath and Auli.