Assistant Secretary of State for Educational and Cultural Affairs Marie Royce and Algerian Minister of Culture Meriem Merdaci will sign a landmark bilateral Memorandum of Understanding on cultural property protection.
[South Africa] Prudential Authority fines Bank of Baroda $$27,000 for non-compliance with financial intelligence act
The Prudential Authority (PA) has issued the Bank of Baroda a R400 000, approximately $27,000, administrative sanction for non-compliance with certain provisions of the Financial Intelligence Centre Act.
United States Trade Representative and the African Union sign a joint statement on the development of AfCFTA
Deputy United States Trade Representative C.J. Mahoney and African Union Commission Commissioner for Trade and Industry Albert Muchanga signed a joint statement concerning trade between the United States and the African Union.
The Export-Import Bank of the United States (EXIM) announced the appointment of the 11 members of its 2019 Sub-Saharan Africa Advisory Committee.
EXIM Board Of Directors approve preliminary commitments for U.S. exports to projects in Cameroon and Iraq
The Board of Directors of the Export-Import Bank of the United States (EXIM) approved two preliminary commitments of EXIM financing support for U.S. exports to pending projects in Cameroon and Iraq.
AfDB, National Petroleum and Gas Commission pick Centurion Law to build oil and gas capacity in South Sudan
The African Development Bank and the National Petroleum and Gas Commission have selected the Centurion Law Group to build capacity in the Republic of South Sudan’s oil and gas sector.
In collaboration with SAP, the city of Cape Town has deployed a flexible, integrated digital support platform to ease the process of compliance and equip the City with valuable data about informal trade across its more than 2 400km2 area.
FTI Consulting expands Corporate Finance & Restructuring in EMEA, appoints three Senior Managing Directors
FTI Consulting announced the appointment of three Senior Managing Directors in the firm’s Corporate Finance & Restructuring segment in London, to help further expand the firm’s market-leading restructuring offering in EMEA.
[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.
Ghana law firm, Sam Okudzeto & Associates, has signed a collaboration agreement with Andersen Global, marking Andersen Global’s presence in 13 African countries and over 51 countries worldwide.
VAALCO Energy announced that the Company has paid $4.5 million to ANPG, as National Concessionaire, under the terms of the previously announced Settlement Agreement executed earlier this year.
[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.
International tax and legal company Andersen Global has entered into a partnership with Cabex, one of the oldest legal and tax consulting firms in Senegal.
Investigations by the B-BBEE Commission initiated in 2017 against MTN Group Limited has found the MTN Zakhele-Futhi Scheme that was announced by MTN on 12 September 2016 to be contrary to the objectives of the B-BBEE Act.
The Ad Hoc Committee of the Board of CMA has taken administrative action against former CEO and Executive Director Kestrel Capital and two other stockbroking agents for their involvement in insider trading on Kenol Kobil shares.
African businesses are currently making massive investments in things like machine learning and artificial intelligence tools and are using cloud and virtualized infrastructure to enhance service delivery
[South Africa] Majority of JSE listed and organs of state entities fail to submit their annual compliance reports, B-BBEE Commission
The B-BBEE Commission has released the annual report on the national status and trends of broad-based economic empowerment for the calendar year 2018 as required by the B-BBEE Act.
MYDAWA has become the first online pharmacy in Africa and part of the top 4% globally to earn the LegitScript certification that verifies internet operated pharmacies as safe, credible and trustworthy.
Centurion Law Group is set to become the first African legal and energy advisory firm to be publicly-listed this year, as it prepares to join one of Europe’s leading stock exchange.
Anjarwalla & Khanna (A&K) Tanzania has taken over the practice of ATZ Law Chambers with new core leadership team.
Investors who purchased Jumia Technologies AG shares have filed a class action complaint against the company for alleged violations of the Securities and Exchange Act.
The African Development Bank Group has announced the debarment of Qualitrends Global Solutions Nigeria Limited, a construction company registered in Nigeria, for a period of 36 months.
It’s one of the world’s last sanctuaries for African elephants. But now, Botswana says, its population of the animals will be fair game for hunters.
The Kenya Revenue Authority (KRA) has received a go ahead to collect more than Kshs 2.7billion worth of monthly taxes on withholding tax on winnings from Sportpesa.
MTN Group has appointed Kelebogile (Lele) Modise as its new Group Chief Legal Counsel. Lele will report to Group President and CEO Rob Shuter and will join MTN Group's Executive Committee.
[Kenya] CMA recovers additional Kshs 19 million in connection with suspicious trade in KenolKobil shares
The Capital Markets Authority (CMA) has completed the outstanding aspects of the insider trading investigations into the KenolKobil counter and has secured the surrender of an additional Ksh19 million.
[Kenya] Capital Markets Authority set to recover Ksh208 million from illegal trading in fixed income securities
Kenya’s Capital Markets Authority has taken enforcement action against Mr. Rodrick Muhoro, a bond trader, following conclusion of investigations with respect to allegation of irregular trading of Government Securities.
Members of the public have until 23 June 2019 to make inputs and comments on the Draft Broad-Based Black Economic Empowerment (B-BBEE) Chartered Accountancy Sector Code.
Botswana-based law firm Moribame Matthews has entered into an agreement with Andersen Global.
The Federal High Court of Nigeria presided over by the Honourable Justice Aneke, has delivered its ruling, rejecting the Notice of Preliminary Objection filed by the AGF in response to MTN Nigeria's lawsuit.
A Chilean car shipping company has been referred to the Competition Tribunal for prosecution for collusive tendering, price fixing and market division.
Andersen Global grows African foothold by partnering with Mulenga Mundashi Kasonde Legal Practitioners in Zambia
Andersen Global has signed a collaboration agreement with Mulenga Mundashi Kasonde Legal Practitioners, MMKLP, a law firm in Zambia.
Andersen Global has announced the addition of its first collaborating firm in South Africa.
The United States as launched its new two-year, $4 million Feteh project to support the strengthening of independent rule of law institutions in Ethiopia.
The Central Bank of Kenya and Kenya Deposit Insurance Corporation have announced the Imperial Bank’s acceptance of the Final Offer from KCB, to enhance recovery for depositors.
Doraleh Container Terminal SA (DCT) has been successful in the London Court of International Arbitration proceeding against the Republic of Djibouti.
In line with the targets set out in the Capital Market Master Plan, CMA has established a Financial Markets Law Review Panel of 16 leading domestic and international financial market lawyers and practitioners.
Uganda's excise duty imposed over goods imported within East Africa is a violation of the EAC Treaty, court rules
The East African Court of Justice has ruled that Uganda government violated the EAC Treaty by imposing extra excise duty law over imported cigarettes within East Africa.
[South Africa] SARB imposes sanctions on three Authorised Dealers in foreign exchange with limited authority
The South African Reserve Bank (SARB) has imposed administrative sanctions on three Authorised Dealers in foreign exchange with limited authority (ADLAs).
The CEO of Productivity South Africa has reported that the Workplace Challenge Programme (WCP) has to date assisted 1 000 companies and successfully led to the retention of more than 50 000 jobs since its inception in 1998.
[South Africa] Cabinet approves white paper on Science, Technology and Innovation as government policy
The South African cabinet has approved the adoption of the 2019 White Paper on Science, Technology and Innovation as government policy.
The Prudential Authority has imposed administrative sanctions on Bidvest Bank for non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001, as amended (FIC Act).
René Stegmann is a South African entrepreneur experienced in the Mobility, Research and Immigration industries, and is currently the Director of Relocation Africa.
Access Bank Plc has announced the approval of its proposed merger with Diamond Bank Plc by shareholders of the Bank.
South Africa, Mozambique and the UK progress in finalizing a roll-over Economic Partnership Agreement
South Africa Minister for Trade and Industry says progress has been made to finalize a roll-over Economic Partnership Agreement between the Southern African Customs Union, Mozambique and the UK.
LegAfrik has expanded the footprint of its legaltech service offerings in the Ohada region by opening an office in Ouagadougou, Burkina Faso, in partnership with the Mozcity Incubator.
South Africa stands a big opportunity to expand small businesses and create jobs, IFC, World Bank study
South Africa’s financial institutions and policymakers have a big opportunity to create jobs by expanding financial services in a stronger business environment for smaller businesses, according to a new study by IFC and the World Bank.
Most organisations have adopted alternative methodologies for signing documents to ensure auditable document trails while minimising the costs associated with paper-based transactions.
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.
South African Airways (SAA) has reached a settlement with Comair following a protracted legal battle, saying it paves the way for the airline to reach financial sustainability.
One of the world’s largest port operators has sued a Chinese state enterprise in Hong Kong over infringement of its exclusive port agreement.
The Court of Justice of the Common Market for Eastern and Southern Africa (COMESA) is implementing a paperless digital courtroom after signing up with CaseLines.
In its quest to support the transformation of the capital markets in Kenya through nurturing innovation, the Capital Markets Authority (CMA) has joined the Global Financial Innovation Network (GFIN).
The European Commission has approved a grant of 5 million euros to the African Legal Support Facility, to finance the Facility’s Medium Term Strategy for the next five years.
The Ghana Stock Exchange (GSE) has decided to compulsorily de-list Pioneer Kitchenware Limited (PKL) from the Main Equity Market of the Exchange.
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says there are policy alternatives that can protect borrowers from excessive interest rates instead of introducing interest rate caps.
[South Africa] The Global Business Services incentive will create employment opportunities for the youth, Trade Minister
The Minister for Trade and Industry, Dr Rob Davies said the Global Business Services (GBS) incentive which became effective from 01 January 2019 will create employment opportunities for youth in South Africa.
The Centurion Law Group has announced the hiring of Glenda Irvine-Smith and Unathi Twala as Director of Business Development & International Relations and Communications Coordinator respectively.
In a bid to protect investors, Capital Markets Authority (CMA) has cautioned the public against participating in any initial coin offering or trading in any coin exchange offered by Wiseman Talent Ventures.
The African Legal Support Facility (ALSF) and KfW Development Bank have signed an agreement to extend a €4 million grant from the Federal Republic of Germany through KfW to the Facility.
Following months of intensive development, Cell C is now fully compliant with the End-User and Subscriber Service Charter regulations in accordance with ICASA.
The Capital Markets Authority (CMA) has announced the publication of a draft Regulatory Sandbox Policy Guidance Note which will facilitate the admission of fintech firms to a Regulatory Sandbox.
Following the release of the Regulatory Review Consultation Paper for public comment in September, the Johannesburg Stock Exchange (JSE) is pleased with the market response and will release the proposed amendments early in 2019.
The Minister for Trade and Industry, Dr Rob Davies has welcomed the Supreme Court of Appeal’s decision to dismiss Micro Finance South Africa (MFSA) application challenging the regulations reducing the interest rate on the short-term loans.
MTN Nigeria, on Tuesday, asked the Federal High Court in Lagos to further adjourn the hearing in the suit it filed to challenge the $8,134,312,397.63 being demanded from it by the Central Bank of Nigeria.
Modernising regulation and policy reform will be crucial to boosting Nigeria’s digital economy and accelerating internet access for millions through increased mobile broadband penetration.
As South Africa’s business sector continues to expand across a myriad of digital platforms, cybercrime continues to threaten this burgeoning digital sphere
A draft report by the United Nations Economic Commission for Africa (ECA) titled, “Attracting Institutional Investors in Africa’s Infrastructure,” has undergone a thorough review by experts from wide-ranging sectors.
The African Union has strengthened its sanctions regime to ensure its 55 member states meet their financial obligations to the Union in time.
Andersen Global has announced a collaboration agreement with Mondon Conseil International, a Western African tax consulting, legal, accounting and financial advisory services firm based in Ivory Coast.
The Department of Mineral Resources (DMR) has initiated a ground stability study to be undertaken in the Johannesburg area with immediate effect.
The African Development Bank (AfDB), as part of its African Women's Access to Finance Initiative (AFAWA), is partnering with Entreprenarium to build the capacity of 1,000 women entrepreneurs on the continent.
The Economic Commission for Africa (ECA) and the Omidyar Network have announced a partnership to establish legal digital identities in Africa.
Endeavor Management, a Houston based international oil and gas management consulting and business advisory firm, has announced a Strategic Alliance with Centurion Law Firm a Pan-African legal and business advisory group.
SARS Customs officials intercepted suspected counterfeit clothing and shoes valued at approximately R10 722 364 in the Western Cape.
The African Continental Free Trade Agreement has huge potential to move Africa to dizzy heights of development on the platform of the African Union’s Agenda 2063.
Centurion Law Group, a pan-African law conglomerate, now offers the cost savings and efficiency of flexible legal services through its acquisition of IMANI-African Lawyers On Demand.
The National Credit Regulator (NCR) has issued a public warning against Charis Financial Services, an unregistered credit provider, conducting business in Pietermaritzburg, KwaZulu-Natal.
The African Legal Support Facility has launched a flagship initiative, the “ALSF Academy Project." Under this initiative, the ALSF has developed a three-level capacity building and certification program.
Ugandan businesses are becoming increasingly mindful of competition requirements and domestic antitrust laws when engaging in commercial transactions in other African jurisdictions.
The Central Bank of Nigeria has asked the court not to grant an injunction that will stop the MTN Group from transferring the disputed $8.1bn back to the country, and wants the company to pay 15 per cent annualised interest on the sum until judgment is given, and 10 per cent from then until the whole amount is paid.
Guinea’s fast-growing bauxite mining industry is threatening the livelihoods of thousands of Guineans, Human Rights Watch said in a report released today.
Andersen Global has announced an added presence in Africa with Tadesse Kiros Law Office, one of the largest law offices in Ethiopia.
The High Court of England and Wales in London has continued the injunction prohibiting the Government of Djibouti’s port company, Port de Djibouti S.A. from interfering with the management of the joint venture company.
Egypt has seen a two percent drop in its software piracy rate to reach (59%), the U.S.-based Business Software Alliance said in its recent study, released last June.
Egypt has seen a two percent drop in its software piracy rate to reach 59 per cent, the U.S.-based Business Software Alliance said in its recent study, released last June.
The President and the Vice President of the African Court on Human and Peoples’ Rights, Hon Justice Sylvain Oré from Côte d’Ivoire and Hon Justice Ben Kioko from Kenya respectively, have been re-elected for the second and final term of two years to lead the Bureau.
Experts from UN-Habitat, United Nations Economic Commission for Africa, African Union Commission, United Cities and Local Governments of Africa, members of academia, representatives from civil society and local governments met in Nairobi to chart out the process of elaborating a Model Law.
Artisanal timber millers are the key suppliers to Ghana’s domestic timber market. However, they have only limited access to commercial timber from production forests.
The Capital Markets Authority (CMA) Act Cap 84 has been reprinted as a way of updating it to incorporate all amendments effected by the CMA Amendment Act, 2011 and the CMA Amendment Act, 2016.
The High Court of England & Wales has granted an injunction restraining Djibouti's port company, Port de Djibouti S.A. (PDSA), from treating its joint venture shareholders' agreement with global trade enabler DP World as terminated.
Kenya’s second National Construction Week at Kenyatta International Convention Centre from 7-9 November 2018, is set to enhance contribution of the construction industry towards the Big Four Agenda.
Kenya Commercial Bank (KCB) continued to play unusual games this week on the demands it has been making on their former client Ms Rose Shumi Miscowicz, months after she lost her Kiraraponi, Karen , Nairobi property to a new buyer she helped the bank to buy her house.
In a bid to identify tax evaders, the South African Revenue Service (SARS) is actively working towards identifying and tracking various transactions carried out by cryptocurrency traders.
Andersen Global has continued its expansion in Africa through a collaboration agreement with Oliveira & Associados, a law firm based in Angola, founded by Formosa Oliveira in 2016.
The Executive Secretary of the Economic Commission for Africa, Ms. Vera Songwe, addressed the 38th SADC summit in Windhoek, Namibia.
The deadline for compliance with the General Data Protection Regulation has come and gone. And while it happened without too much fanfare in Nigeria, companies that think they can ignore the legislation and maintain a business as usual approach are in for a rude awakening.
Andersen Global continues expansion in Africa with Isalcio Mahanjane e Associados, a law firm headquartered in Maputo, Mozambique.
When Peter Ouko was sentenced to death for murder 20 years ago, he was sent to Kenya’s Kamiti maximum security prison, notorious for being one of the worst jails in the world.
Bridgett Majola and Itumeleng Mukhovha, lawyers at global law firm Baker McKenzie in Johannesburg, have both been included on the list of the Mail & Guardian's Top 200 outstanding young South Africans in recent years.