Completion of Acquisition of Minority Share in Panoro’s Tunisian Business
Panoro announced it had entered into a definitive agreement with Beender Tunisia Petroleum Limited to purchase its 40 percent shareholding in Sfax Petroleum Corporation AS.
STANLIB selects BlackRock’s Aladdin enterprise to drive growth investment
South African Asset Manager STANLIB selects BlackRock’s Aladdin enterprise investment management technology to drive transformational growth.
[East Africa Business Week] Bob Koigi: Cushioning food systems from shocks
This week, thousands of delegates across the continent and beyond are gathered in Kigali, Rwanda for the African Green Revolution Forum, AGRF, an annual event bringing governments and partners together around food security and making safe, nutritious foods produced in a sustainable way available to all Africans.
[Interview] Goodie M. Ibru, Fondateur, Ikeja Hotel, Nigeria
Avec plus d'un demi-siècle d'expérience dans la propriété et la gestion d'entreprises, Goodie M. Ibru est le fondateur de l'Ikeja Hotel Plc, le fondateur et partenaire principal de G.M. Ibru & Co. et l'actuel Vice-Président (Afrique de l'Ouest) de l'African Business Roundtable.
[Interview] Dr. Thomas W. Laryea, Conseiller Juridique, Orrick, USA
Thomas Laryea est un avocat international spécialisé dans la restructuration de la dette souveraine à l'échelle mondiale et dans le financement et l'investissement en Afrique. Également membre de la prestigieuse organisation The African Business Roundtable, M. Laryea offre un aperçu des structures économiques publiques et privées en Afrique et dans le monde.
[Interview] Dr. Thomas W. Laryea, Legal Counsel, Orrick, USA
Dr. Thomas Laryea is an international lawyer focused on sovereign debt restructuring globally and Africa-related finance and investment. Also a member of the prestigious organization, The African Business Roundtable, Dr. Laryea offers expert insights into both public and private economy structures in Africa, and globally.
[Nigeria Business Week] Andrea Ayemoba: Banks rally behind women-led SMEs
The NNPC has an approximated value of 50 trillion naira. With oil and gas infrastructure in Nigeria constantly plagued by mischief and vandalism, an ECOWAS expert has profferred a very interesting solution to this persisting problem
[Interview] Janusz Luterek, Partner, Hahn & Hahn Attorneys, South Africa
Janusz Luterek, a partner at South Africa-based law firm Hahn & Hahn Attorneys will be speaking at the Future Foods Conference on the legal impediments to launching novel foodstuffs in South Africa.
[Column] Mthokozisi Maphumulo: Business insurance policies to rescue business amid the recent unrest and looting in South Africa
The recent events of unrest and looting of shops in South Africa, particularly in KZN and Gauteng have certainly been worrying for business owners.
[Column] Chido Pamela Mafongoya, Veedushi Mooloo: How Mauritius can take advantage of the African Continental Free Trade Area
The AfCFTA gives Mauritius market access estimated to be as large as 1.3 billion people across Africa, with a combined gross domestic product (GDP) of $3.4 trillion.
[Column] Pablo Mitogo: Why are companies in Equatorial Guinea spending money in times of crisis?
The wave of chaos has also reached companies, especially in small economies such as Equatorial Guinea. Many companies have seen their volume of activity decrease drastically, with subsequent cost reductions. The question remains how does a company reduce costs without drowning the company?
[Column] NJ Ayuk: It’s time for the legal profession to embrace change
Under the best economic circumstances, paying for legal services can be difficult for small businesses and startups.
[Column] NJ Ayuk: Between extortion and the sanctity of Petroleum contracts in Nigeria, DRC and Senegal
Last week, a UK commercial court gave reason to a claim by engineering company P&ID, which demands over USD$9 billion from the Nigerian government over a failed gas deal.
[Column] Olagoke Aluko: Liquefied Petroleum Gas (LPG) regulations lead the way in reshaping consumer behaviour and industry in Kenya
Kenya has paid a heavy price in lives lost for its slow uptake of LPG as a cooking fuel.
[Column] Wildu du Plessis: A new opportunity for African nations to work together, overcome challenges
As parts of the world appear to fragment or turn inwards, there is a new opportunity for African nations to work together and speak with one voice, now that the operational phase of the African Continental Free Trade Area has been launched.
[Column] Michael Arum: Sugar industry faces exacerbated decline and extinction on proposed regulations in Kenya
Kenya’s sugar industry has many natural advantages, almost all of which have been undermined by policy and public mismanagement that has seen its productivity slump.
[Interview] René Stegmann, Director, Relocation Africa
René Stegmann is a South African entrepreneur experienced in the Mobility, Research and Immigration industries, and is currently the Director of Relocation Africa.
[Interview] Jude Menes, Founder, Menes Konsult, United States
Jude Menes is a Nigerian-American attorney and founder of Menes Konsult Firms, in partnership with Europlaw, a group of firms dedicated to advising and guiding foreign investors and relations in Africa.
The Ugandan Competition Enforcement - a comparison with South Africa
Ugandan businesses are becoming increasingly mindful of competition requirements and domestic antitrust laws when engaging in commercial transactions in other African jurisdictions.
[Column] Nick Altini: South Africa new competition law a boost to SMEs
The Competition Amendment Bill (Bill), introduced in parliament in South Africa recently, has clearly shown that enabling small and medium enterprises and Previously Disadvantaged Individuals to be able to successfully compete in the market.
[Column] Darryl Bernstein: Demand for compliance lawyers is growing in Africa
In Africa, the demand for local compliance lawyers has risen significantly as having on-the-ground expertise in the countries where business dealings are taking place, is essential.
[Column] Joyce Karanja Ng’ang’a: Saving jobs is a priority for African competition authorities
Avoiding or limiting job losses when companies merge has become a major priority for competition authorities throughout East and Southern Africa.
[Column] Dominique Collett: Regtech - the new fintech, driven by complex financial regulations
“There are three elements driving interest in regulatory technology (regtech) in South Africa and abroad, explains Dominique Collett, senior investment executive at Rand Merchant Investment Holdings and head of AlphaCode, a club for fintech entrepreneurs.
Taking security over a South African bank account as a workable option for a foreign lender
Given the political and economic uncertainty in South Africa, foreign lenders are becoming increasingly focused on the type of security available in South Africa to secure their loan.
[Column] Dr. Richard Malkin: Legalising dagga creates a minefield in the workplace
South Africa seems to be following the trend in the US to legalise cannabis. Last year, Judge Dennis Davis ruled in a full bench decision of the Western Cape High Court that the use and cultivation of cannabis by an adult in a private home is constitutionally legal.
[Column] John Syekei: No place in Kenyan healthtech for ‘Wild West’ approach to data
Technology has taken off in Kenya like wildfire, where the healthcare and pharmaceutical sectors are the latest industries to embrace its benefits.
[Column] Phylis Wakiaga: Protecting intellectual property rights to drive industrialization
In the 2017 Global Innovation Index, institutions that nurture and support the flourishing of innovation, regardless of whether it is research-based or not, were identified as critical to industrial growth.
Bring 'hidden' employee costs to light before the deal is done
While it's unlikely that a company changing hands would deliberately conceal any employee costs and liabilities from potential buyers, due to the buyer's unfamiliarity with the local employment landscape it is possible to miss some employee costs..
Investors hiring expats in Africa must demonstrate importance of skills - Bowmans Law Firm
East African countries are grappling to balance two sometimes conflicting needs. On the one hand, they want to encourage foreign investment. On the other, they want to ensure that local skills and labour are not displaced by imported skills.
South Africa constitution comes to the fore in North African cargo dispute
At first glance, it might seem unlikely that South Africa’s Constitution could be instrumental in deciding a cargo dispute with its roots in a 40-year-long North African territory deadlock.
[Column] Leana Englebrecht: Swaziland Competition Commission requires payment of higher merger filing fees
In Swaziland, mergers are classified as either small mergers or large mergers.
[Column] Lana Jacobs: Cyber pirates threaten shipping security
Increased vessel automation, integration and digitization are the inevitable future of shipping, adding cyber-attacks to the usual concerns of ship-owners and insurers.
[Column] Betsie Strydom and Wandisile Mandlana: New tax measures to curb abuse of mining rehabilitation funds are a missed opportunity
The National Environmental Management Act, 1998 (NEMA) places the responsibility for remediating environmental damage, pollution or ecological degradation arising from mining operations on mining companies as the holders of prospecting or mining rights.
[Column] Lischa Gerstle: Foreign lenders should be aware of credit and loan requirements in South Africa
When a foreign lender advances a loan to a South African borrower (or its group members), the South African Exchange Control Regulations, the National Credit Act and the financial assistance section of the Companies Act are of key relevance.
[Column] Nick Altini: The dawn of an era in effective competition regulation in Africa
Roughly half of the African continent already has competition legislation in place, although some of these systems are not yet functional, and there are new systems coming into force all the time.
[Column] Jens Ischebeck: Is Kenya really an M-Learning Paradise?
M-learning, or 'Mobile Learning', has become increasingly popular in recent years with students participating in courses from all around the globe.
Norton Rose Fulbright to strengthen their presence in Africa
Global law firm Norton Rose Fulbright has announced a new Africa leadership group to help steer its acclaimed, Tier 1 Africa practice.
Tullow signe un contrat de partage de production pour une nouvelle licence d'exploration offshore en Côte d'Ivoire
Tullow Oil plc (Tullow) a annoncé la signature d'un contrat de partage de production (CPP) pour le permis d'exploration offshore CI-803 en Côte d'Ivoire.
Savannah Energy finalise l’acquisition d’ExxonMobil au Tchad et au Cameroun
L'acquisition par Savannah de la participation d'ExxonMobil dans les champs de Doba et le pipeline TOTCO a été menée en pleine conformité avec les exigences des autorités compétentes.
PETRO IVOIRE SA lance un emprunt obligataire d’un montant de 30 milliards de FCFA
Afin de renforcer ses projets de développement, PETRO IVOIRE SA lance un emprunt obligataire d’un montant de 30 milliards de FCFA par appel public à l’épargne dénommé APE PISA 2022 – 2029.
Bolloré Africa Logistics signe le contrat de concession du Terminal bois port de Douala
Bolloré Africa Logistics et le Port Autonome de Douala ont procédé à Douala, à la signature du contrat de concession du Terminal Bois du Port de Douala (TBPD).
African exchanges link AELP demonstrates share trades
The cross-border trading platform linking seven of Africa’s leading securities exchanges was launched yesterday 7 December in Abidjan. The link gives access to over 1,000 of Africa’s biggest and most promising companies, companies with nearly $1.4 trillion of market capitalization (total value of equities listed).
MCB Capital Markets et Société Générale Côte d'Ivoire pour l'acquisition de JA Delmas en Afrique de l'Ouest
MCB Capital Markets et Société Générale Côte d'Ivoire ont agi en tant que co-arrangeurs dans le cadre du financement par emprunt de 135 millions d'euros pour l'acquisition de JA Delmas, concessionnaire Caterpillar en Afrique de l'Ouest
Binance boosts its global law enforcement training programme to meet growing demand
The programme—the industry’s first coordinated effort across the globe—was created by Binance to help law enforcement and prosecutors detect financial and cybercrimes and to assist in the prosecution of bad actors.
Afreximbank and the Nigeria Governors Forum to announce the 2nd African Sub-Sovereign Governments Conference
African Export-Import Bank (Afreximbank), in collaboration with the Nigerian Governors Forum (NGF), has announced the second edition of the African Sub-Sovereign Governments Network (AfSNET) Conference set to take place on 30th September 2022 in Abuja, Nigeria.
MTN appoints Fatima Laher as new Executive for Group Legal
Fatima re-joins MTN from Samsung Electronics, where she held the role of Head of Africa Disputes, for the past six years.
Letshego Group launches affordable housing to support more citizens across its Pan-Africa footprint
Launching first in Botswana and Namibia, Letshego aims to bring structure and security to more families across its footprint with the launch of its ‘Affordable Housing’ suite of financial solutions.
[Kenya] Uber wants court to nullify newly-published ride-hailing regulations
Uber has appealed to the Supreme Court of Kenya to nullify the proposed digital taxi hailing regulations that were published by the Ministry of Transport in July this year.
Old Mutual Insure acquires specialist insurer Genric
Old Mutual Insure announced the signing of a Share Purchase Agreement that will see Old MutualInsure acquire 100% of Genric Insurance Company Limited (Genric).
Andersen Global broadens footprint in Ethiopia with tax firm HIMA
Led by Managing Partner Nabiyu Feto and founded in 2015, HIMA works closely with clients to provide comprehensive tax solutions for their business needs in the emerging Ethiopian market.
Andersen Global expands operations into Tanzania
Andersen Global continues to add depth to its Africa platform through a Collaboration Agreement with Tanzania-based law firm Lawhill and Co. Advocates.
Chimera to buy 56% from Egyptian company Belton Financial
UAE-based investment firm Chimera Investments LLC announced the completion of a majority stake acquisition in Egyptian financial services company Beltone Financial Holding.
USA annoncent 2 milliards $ d'investissements pour le Togo et plusieurs autres pays africains
Le Togo et plusieurs pays d’Afrique subsaharienne vont bénéficier d’un financement américain, dans le cadre d'un programme de renforcement de la démocratie sur le continent.
SCG-Ré accède au marché d’Afrique australe grâce à un partenariat avec Grand Re
Société commerciale gabonaise de réassurance (SCG-Ré) et une société de réassurance du Botswana ont signé à Libreville un accord de partenariat technique et commercial.
Eni details the main outcomes and opportunities in the human rights field in its new report
Eni publishes Eni for Human Rights 2021, the annual report that accounts the company’s approach to the matter, taking stock of the relevant outcomes, challenges and opportunities in terms of respect for human rights.
Moody’s confirme la notation de crédit de la BOAD à Baa1 et révise sa perspective de négative à stable
L’agence internationale de notation Moody’s a confirmé la notation de crédit de la Banque Ouest Africaine de Développement (BOAD) à Baa1, et amélioré sa perspective de négative à stable, concluant ainsi la période de revue pour dégradation initiée le 18 mars 2022.
United Nations landmark project addresses migration-related vulnerabilities in Gambia
A new UN inter-agency project supports border communities along the Trans-Gambia-Corridor to mitigate migration challenges and create working opportunities for youth and women
Gide, conseil de Med Investment dans le partenariat pour la production de peinture et de revêtements Jotun en Algérie
Gide a assisté Med Investment Holding Spa, société d'investissement détenue par la famille Kerrar, dans le cadre de la conclusion d’un accord de partenariat pour la production de peinture et de revêtements distribués par le groupe norvégien Jotun Group en Algérie.
Andersen Global expands into the Ghana market
Andersen Global has advanced its African coverage through a Collaboration Agreement with Ghana-based tax firm LIMA Partners.
Baker McKenzie appoints Lerisha Naidu as Johannesburg office managing partner
Leading global law firm Baker McKenzie announced that Lerisha Naidu has been appointed Managing Partner of the Johannesburg office.
Nigeria, partners launch IP exchange marketplace and wallet on Algorand
The Nigerian government has signed a 3-year exclusive IPR agreement with Developing Africa Group to launch a nation-wide wallet which will enable the international commercialization of all IP forms being created and registered within the country.
Senegal, Angola sign 6 cooperation agreements
President of Senegal, and President of Angola, have signed six cooperation agreements in the fields of justice, trade, tourism and oil as well as the promotion and protection of investments.
Relativity partners with ENSafrica to expand cloud capabilities across African markets
Relativity, a global legal and compliance technology company, announced that ENSafrica, Africa's largest law firm, is the first law firm on the continent to adopt RelativityOne, the industry leading SaaS e-discovery solution.
World Bank debars Techno Brain Kenya, Techno Brain UAE for 28 and 10 months respectively
The World Bank announced a twenty-eight month debarment of Techno Brain Kenya, an IT-services company, and a ten-month debarment of its parent company, Techno Brain UAE, in connection with collusive and fraudulent practices.
[Kenya] Rispah Simiyu appointed new KRA Domestic Tax Commissioner
The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes, effective 22nd October 2020.
AfDB appoints Paula Santos Da Costa as Acting Director, Office of Integrity and Anti-Corruption
The African Development Bank (AfDB) appointed Paula Santos Da Costa as Acting Director, Office of Integrity and Anticorruption, effective 14 January 2021.
[Africa Tech Review] Nixon Kanali: Data security and privacy laws develop across Africa
This week, lawyers across Africa commented on the continent’s urgent need for data privacy and security laws among other top stories of the week.
Andersen Global expands into the Central African Republic
Andersen Global enters the Central African Republic with collaborating firm Rigo Parse Avocat, further extending its geographic coverage in the region.
BonelliErede cooperates with Libya's Zahaf & Partners to expand African footprint
Italian law firm BonelliErede, announced a cooperation with Zahaf & Partners, a Libyan law firm, to enable BonelliErede expand its presence in the country, thereby continuing on a path of strategic development
Andersen Global enhances African platform with additional coverage in Mali
Andersen Global has added complementary tax capabilities to its existing platform in Mali with collaborating firm Kanaga Consulting, reinforcing its commitment to provide clients with comprehensive coverage locally and globally.
Pan-African firm Centurion International AG lists on German's Düsseldorf Stock Exchange
Centurion International AG has listed on the Open Market of the Düsseldorf Stock Exchange, marking a historic moment for the firm as it moves to enhance international investment and collaboration within Africa’s diverse economy.
TransGlobe announces ratification of consolidated and amended Eastern Desert Production Sharing Contracts in Egypt
TransGlobe Energy announced it received notification that its agreement with the Egyptian General Petroleum Corporation (EGPC) to merge, amend and extend its three existing Eastern Desert concessions, has been ratified into Egyptian Law.
Africa50 appoints Zurina Saban as General Counsel and Corporate Secretary
Africa50, the pan-African infrastructure investment platform, announced the appointment of Zurina Saban as General Counsel and Corporate Secretary.
TDB Group and ALSF sign agreement to build the capacity of public sector lawyers in Africa
The Eastern and Southern African Trade and Development Bank Group (TDB Group) and the African Legal Support Facility (ALSF) have signed a Memorandum of Understanding (MoU) to cooperate on the development and delivery of capacity building training programs for public sector lawyers in Africa.
Andersen Global expands African footprint by opening office in Gabon
Andersen Global enters a Collaboration Agreement with Gabon-based tax firm Caudexco, further bolstering its foothold in the country and expanding its resources in the region.
Pharos Energy receives Cabinet approval of El Fayum Amendment in Egypt
Pharos Energy, an independent oil and gas exploration and production company, announced Egyptian Cabinet approval of the Third Amendment of its El Fayum Concession Agreement.
Andersen Global enhances African platform with Cameroon-based collaborating firm
Phoenix Advisory includes Managing Partner Albert Désiré Zang and more than 10 professionals. The firm provides tax services to individuals, businesses and corporations based in Cameroon and other African countries.
Andersen Global expands into Botswana
Bolstering the organization’s footprint in Africa, Andersen Global enters a Collaboration Agreement with tax firm AccPro Accountants in Botswana.
La CPI conclut l'audience de confirmation des charges dans l’affaire Said
L'audience de confirmation des charges dans l'affaire Le Procureur c. Mahamat Said Abdel Kani s'est terminée devant la Chambre préliminaire II de la Cour pénale internationale (CPI) du juge Antoine Kesia-Mbe Mindua et de la juge Tomoko Akane.
Centurion Law launches flagship Africa Investment Guides in Nigeria
After extensive research and continuous development, Centurion Law Group has launched the Africa Investment Guides series in Nigeria, developed to serve as the African countries’ guide in reflecting and navigating through tough economic times.
Liquid Intelligent Technologies, Africa Legal launch online courses on legal tech
Liquid Intelligent Technologies through its innovation and partnerships arm Liquid Labs, has partnered with Africa Legal, an organization that connects legal professionals across the African continent to launch three online courses on legal technology.
CMA extends provisional licenses of coffee brokers in Kenya
The Capital Markets Authority (CMA) extended the provisional licenses granted to four coffee brokers by a further 30 days from 30 September 2021, in line with the Capital Markets (Coffee Exchange) Regulations, 2020.
UNESCO launches Portuguese version of its Toolkit for the Judiciary in Africa
UNESCO has launched the Portuguese version of its Legal Standards on Freedom of Expression: Toolkit for the Judiciary in Africa.
TalkCounsel introduces the gig economy in the Nigerian legal industry
As legal practice in Nigeria continues to grow in size and capacity, and considering the current state of the world, it is evident that a conflation of law and technology should take place.
[South Africa] DLA Piper appoints two Directors to Johannesburg office
DLA Piper announced the appointment of two Directors to its Johannesburg office, Tumisang Mongae, who joined the Litigation & Regulatory practice from 1 September 2021 and Sibonelo Mdluli, who joined the Corporate practice on 1 August.
Four Southern Africa’s legal startups proceed to HiiL Justice Accelerator
The Hague Institute for Innovation of Law (HiiL) has announced the four startups that will go on to the prestigious HiiL Justice Accelerator.
[Column] Pieter Visagie: South African Patent Office’s Recent Grant of a Patent for an Invention Created by Artificial Intelligence
In the past few weeks, there has been extensive reporting, globally, heralding the South African Patent Office for having been the first patent office in the world to have granted a patent for an invention that was created by artificial intelligence
Andersen Global expands Mauritanian platform with tax advisory firm AMC Consulting
Andersen Global is bolstering its presence in Mauritania through a Collaboration Agreement with tax advisory firm AMC Consulting.
MTN appoints Troopti Desai as new executive for tax
Troopti is an admitted attorney and has extensive experience in the fields of Labour Law, Immigration Law, Corporate Tax, Mergers & Acquisitions Tax, Tax Incentives, Corporate Governance, Legal and Finance, as well as Tax policy and Revenue Authority engagement.
Competition Tribunal approves Transaction Capital and WeBuyCars merger in South Africa
The Competition Tribunal of South Africa has unconditionally approved the large merger whereby Transaction Capital (TC), through its wholly owned subsidiary, Transaction Capital Motor Holdco (TCMH) will increase its shareholding in We Buy Cars.
GLEIF launches global business identity initiative to boost financial inclusion for African SMEs
An international flagship project designed to expand financial inclusion among small to medium sized enterprises (SMEs) especially on the African continent has been launched.
[Column] Lerisha Naidu and Angelo Tzarevski: Africa - Competition in the Digital Economy
According to Refinitiv data, 37 cross-border merger and acquisition (M&A) deals in Africa were announced in the technology, media and communications (TMT) sector in the first half of 2021.
Andersen Global partners with Payce Consulting to enhance Gambian foothold
Andersen Global continues its Africa expansion with the addition of collaborating firm Payce Consulting, adding dimension to the organization’s existing presence in The Gambia.
Dana Gas wins arbitration on sale of Egypt assets
Dana Gas, the Middle East regional private sector natural gas company has received an award in its favour from the London Court of Arbitration (LCIA), in relation to sale of its Egyptian assets.
[Lesotho] Andersen Global enters collaboration agreement with Webber Newdigate Attorneys
Andersen Global extends its African presence through a Collaboration Agreement with one of Lesotho’s largest law firms, Webber Newdigate Attorneys, enhancing the organization’s coverage in the southern region of the continent.
Equity shareholders resolve to reinforce Group’s governance structure through amendments of its Articles of Association
Equity Group shareholders passed resolutions that will reinforce the governance structures of the Group, continue to diversify the Board composition, and also assure investors of dividend pay-out every year as long as the Company posts profits.
[South Africa] Competition Tribunal approves sale of Sasol's16 air separation units to Air Liquide
Sasol announced that the Competition Tribunal approved its sale of 16 air separation units (ASUs) to Air Liquide, concluding the final outstanding suspensive condition from the agreement.
South African Reserve Bank imposes administrative sanctions on Authorised Dealer in foreign exchange with limited authority
The South African Reserve Bank (SARB) has imposed administrative sanctions on Master Currency (Pty) Limited, an Authorised Dealer in foreign exchange with limited authority (ADLA).
[Column] Jan-Harm Swanepoel: Online selling of counterfeit goods; countering the courier
The considerable diversion of consumers from shopping malls to online trading platforms, further driven by the Covid-19 pandemic, presents huge challenges to authorities in stopping unlawful goods from being distributed.
[South Africa] JSE Investor Services collaborates with William Radcliffe to provide legal and governance services
JSE Investor Services has entered into a collaboration with William Radcliffe to offer listed companies with new value-added services that include company secretariat, share administration and trust services, effective 1 May 2021.