The South African Reserve Bank (SARB), imposed administrative sanctions on Discovery Life and directed the life insurer to take remedial actions.
In line with its investor protection mandate, as affirmed by the Supreme Court, the Capital Markets Authority (CMA) commenced its enforcement proceedings against former board members of Imperial Bank.
The Department of Petroleum Resources (DPR) has concluded plans to inaugurate the Advisory Council and Body of Neutrals of the oil and gas industry’s Alternative Dispute Resolution Centre (ADRC) in Lagos.
The South African Reserve Bank (SARB), imposed administrative sanctions on Deutsche Bank AG - Johannesburg Branch (Deutsche Bank) and directed the bank to take remedial actions.
Al Tamimi & Company will provide critical guidance to companies navigating complex cross-border transactions in the maritime, shipping and customs sectors.
Nigeria's Department of Petroleum Resources (DPR) has revoked four Oil Mining Licenses (OML) belonging to Addax Petroleum due to the non-development of the assets by the petroleum company.
PetroNor, the independent oil and gas exploration and production company with a focus on production, development and exploration assets across sub-Saharan Africa, announced it has been unable to reach a satisfactory solution with Senegal.
World Services Group (WSG) announced that ENSafrica has expanded its global membership with five new jurisdictions in Africa in addition to South Africa and Mauritius: Ghana, Kenya, Namibia, Rwanda and Uganda.
In relation to the Nigeria-OPL 245 trial, Eni has welcomed the judgment of full acquittal of all charges, since there was no case, by the Court of Milan.
The governments of Norway and the United Kingdom have extended grants of around £2.6 million to the African Legal Support Facility (ALSF) to support its activities over the next two years.
The Netherlands Ministry for Trade and Development Cooperation is extending a €6 million grant to the African Legal Support Facility (ALSF), to support the ALSF’s work providing legal and technical services to low-income countries.
Following its rapid expansion in Africa, Andersen Global is now unifying its African member firms under the brand “Andersen.”
Centurion Law Group advises Panoro Energy on its acquisition of Tullow’s Oil asset in Equatorial Guinea
Pan African Law Conglomerate, Centurion Law Group has acted as local counsel to Panoro Energy ASA on the $105 million purchase of all Tullow Oil PLC (Tullow) assets in Equatorial Guinea.
Legal technology budgets will increase threefold through 2025 as general counsel face unprecedented pressure both in terms of managing legal workload and driving efficiency in their departments, according to Gartner, Inc.
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?
Andersen Global further enhances the depth and breadth of its African platform through a Collaboration Agreement with Mauritius-based law firm Prism Chambers.
Global law firm DLA Piper has appointed Peter Somekh as Managing Partner of its Africa practice.
Andersen Global has enhanced its presence in South Africa through a Collaboration Agreement with full-service accounting and tax consulting firm SAB&T Business Consulting.
Andersen Global continues to reinforce its competitive edge in the African region through a Collaboration Agreement with full-service tax firm Kashadah & Co. in Libya.
Andersen Global establishes a foothold in the Malawi market through a Collaboration Agreement with Knight & Knight, bolstering its platform on the African continent and adding additional coverage in the eastern region.
The African Development Bank (AfDB) appointed Paula Santos Da Costa as Acting Director, Office of Integrity and Anticorruption, effective 14 January 2021.
The restructuring of the sector, that resulted in the creation of the ANPG and the reorientation of Sonangol, is arguably one of the greatest achievements of H.E. Diamantino Pedro Azevedo, Angola’s Minister of Mineral Resources and Petroleum who was brought in to reform the sector.
The U.S. Ambassador to the Kingdom of Morocco David T. Fischer and Morocco’s Minister of Culture Othmane El Ferdaous signed a bilateral Memorandum of Understanding that protects Moroccan cultural property.
Further developing its African platform, Andersen Global expands its presence through a Collaboration Agreement with law firm Pinto Pereira & Associados, the CRA Law representative in Guinea-Bissau.
Further enhancing its African presence, Andersen Global has entered the Republic of Congo by way of a Collaboration Agreement with tax and legal firm Africa Tax & Legal Services.
With the ever-increasing role and importance of cloud services in our daily lives, it has become critical to ensure the information generated and stored is kept safely and not misused. But are cloud services DPA (Data Protection Act) compliant?
[South Africa] Baker McKenzie’s internal innovation hackathon to find solutions to client pain points in Africa
Baker McKenzie recently held an internal innovation hackathon, during which employees were challenged to design new or improved solutions to pain points that the firm and its clients are currently facing in Africa.
The landmark order obtained by KECOBO is a sequel to another victory against piracy when the organization dismantled a suspected criminal network of copyright infringers.
The pen may be mightier than the sword, but in an ever-growing digital world, this small but mighty weapon may well be on its way to extinction.
Victoria Oil and Gas (VOG) announced that its wholly owned subsidiary Gaz du Cameroun S.A. and VOG have entered into a confidential Settlement Agreement with CHL, terminating the litigation with CHL and terminating the CHL Royalty Agreement.
[Column] NJ Ayuk: Nigeria’s changing legal regime: Is Africa’s biggest oil producer within reach of a new oil law?
The African Energy Chamber has published a report outlining its short-term predictions for the continent. That report identifies Nigeria as the country with the most potential for increasing hydrocarbon production.
[Column] Wendy Tembedza: Smart contracts adoption could be tripped up by legal validity and privacy laws concerns
Covid-19 forced businesses to accelerate the rate at which they adopt and adapt to technological change. Many businesses are looking to conclude agreements by taking advantage of technology platforms that promise efficiency and cost-savings; including using smart contracts.
Much ink, and oil, has already been spilled about Mauritius having to deal with an ecological catastrophe. A few weeks before, everything was operating at leisurely speed on the south-east of Mauritius.
Andersen Global has established a presence in Djibouti’s emerging market through a Collaboration Agreement with Djibouti City-based Cabinet Avocats & Associés.
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.
The Kenya Revenue Authority (KRA) has appointed Rispah Simiyu as the new Commissioner for Domestic Taxes, effective 22nd October 2020.
Andersen Global hass announced it entered the Algerian market by way of a Collaboration Agreement with full-service tax firm Cabinet Hadj Ali.
PetroNor announced that the company has reached a mutual agreement with the Government of The Gambia to settle its arbitration related to the A1 and A4 licenses.
Under the best economic circumstances, paying for legal services can be difficult for small businesses and startups.
Centurion Law Group announced the launch and opening of its lawyers-on-demand service CenturionPlus in Mozambique.
Andersen Global continues to expand its platform in East Africa through a Collaboration Agreement with Burundi-based CN & Associates.
Andersen Global has entered into a Collaboration Agreement with the law firm Ali Gailoub and Samia El Hashmi in Sudan.
A Bill that seeks to bring “through the back door” the previously proposed and rejected merger between troubled Kenya Airways and the Kenya Airports Authority is before Parliament.
The Bank of Mauritius, acting under section 17 of the Banking Act 2004, revoked the Islamic Banking Licence of Century Banking Corporation (CBC) with immediate effect.
A regional electronic Corridor Trip Monitoring System which will allow cross border road transport operators, drivers, regulators and law enforcement agencies to record and monitor driver wellness data has been approved by the Tripartite group.
Andersen Global further expands its regional coverage in East Africa through a Collaboration Agreement with Berhane Gila-Michael and Associates, the oldest and largest law firm in Eritrea.
Andersen Global continues to strengthen its presence in Africa through a Collaboration Agreement with Ajo & Co. Advocates, one of the largest law firms in the Republic of South Sudan.
Andersen Global has announced its debut in Mali through a Collaboration Agreement with Bamako-based tax and legal firm Juri-Partner.
The Ministry of Justice, in partnership with the Rwanda Development Board (RDB), have launched a digital bidding platform that is aimed at making the enforcement of orders more efficient and transparent.
In an effort to cover the informal sector in Zambia, Workers’ Compensation Fund Control Board (WCFCB) has embarked on a programme to extend social protection to the informal economy and domestic workers will be given priority this year.
Andersen Global announces its expansion into Gabon through a Collaboration Agreement with Libreville-based Business & Law Consulting.
Eskom and the Special Investigating Unit (SIU) issued summons in the North Gauteng High Court to recover funds from former Eskom executives, former Board members, members of the Gupta family and their associates, and others.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action against a network of smugglers contributing to instability in Libya.
High Court rules in favour of government to localise production of industrial components in South Africa
The Gauteng High Court ruled in favour of Government in a matter involving procurement conditions applicable to electrical transformers, a judgement that will boost efforts to localise production of key industrial components in South Africa.
South African family farming organisation Saai will approach the Northern Gauteng High Court in Pretoria on 18 August 2020 to have the ban on the sale and consumption of wine in restaurants set aside.
Santam will pay up to R1 billion in urgent relief to policyholders in the hospitality, leisure and non-essential retail services industries who have the Contingent Business Interruption (CBI) extension in their policy cover with the company.
Andersen Global has announced its entrance into Cotonou, Benin with the addition of collaborating firm Fiduciaire Conseil and Assistance (FCA), a full-service tax and legal firm founded 20 years ago.
The High Court delivered the Judgement on the Eskom Board review of the National Energy Regulator of South Africa’s (NERSA’s) decision on the Multi-Year Price Determination (MYPD), which requires Eskom to recover the R69bn.
Andersen Global has announced its debut in Togo by way of a Collaboration Agreement with one of Lomé’s largest tax and legal firms, VAS Consulting.
The South African Reserve Bank (SARB) has imposed administrative sanctions on three life insurers and directed them to take remedial actions.
The Centurion Law Group has launched Africa’s first sports, media & entertainment practice to further support the rapidly growing sports & entertainment industry across Africa.
Chevron Corporation has entered into a definitive agreement with Noble Energy to acquire all of the outstanding shares of Noble Energy in an all-stock transaction valued at $5 billion, or $10.38 per share.
The Kenya Association of Manufacturers (KAM) has appointed Mucai Kunyiha as the new National Chairman to lead the organization for a two-year term.
ContractPodAi and Bowmans Partner to bring Artificial Intelligence-powered contract management to Africa
ContractPodAi®, a provider of AI-powered contract lifecycle management solutions, is partnering with Bowmans to introduce Bowmans’ clients to its advanced technology solution.
Abbot Laboratories faces multimillion-dollar lawsuit over contract compliance with African Covid-19 Test Kits
The Centurion Law Group has been engaged to institute legal action against American multinational health care company Abbott Laboratories for willfully undersupplying African suppliers of COVID-19 test kits
In order to facilitate transitional arrangements in the coffee sector, the Capital Markets Authority (CMA) in Kenya has issued guidance to support sector players.
The African Energy Chamber expresses its concerns over the alleged arrest and detention of three energy executives in Tanzania last week.
The Minister for Trade, Industry and Competition (the dtic) , Mr Ebrahim Patel gazetted amendments to the Sugar Industry Agreement and South African Sugar Association Constitution.
The African Development Bank (AfDB) announces the appointment of Mr. Souley Amadou as Acting General Counsel and Director of the Legal Service Department, effective 1 July 2020.
Andersen Global has announced an added presence in Africa through a Collaboration Agreement with full-service accounting firm BICON Inc. in Liberia.
Andersen Global has entered into the Gambian market by way of a Collaboration Agreement with Fajara Chambers, a law firm based in Fajara.
Andersen Global ha strengthened its presence in Southern Africa through a Collaboration Agreement with Robinson Bertram, one of the oldest and largest law offices in Eswatini.
FTI Consulting has announced the appointment of three Senior Managing Directors and a Managing Director to its Technology segment in Europe, the Middle East and Africa (EMEA) region.
Andersen Global has entered into a Collaboration Agreement with Kreich Avocats, an independent full-service law firm in Chad, marking the organization’s debut in the country.
Pursuant to a settlement agreement, the African Development Bank announced the debarment of Burmeister & Wain Scandinavian Contractor, for a period of 21 months.
The Kenya Revenue Authority (KRA) has won a case to collect taxes worth Ksh.1.3 billion from Van Den Berg limited, a Dutch flower firm operating in Kenya.
Centurion Plus has launched its full-suite Africa Tax and Investment Service, to be powered by its fully integrated resource base of country-qualified and internationally mobile professionals.
The Kenya Revenue Authority (KRA) is set to collect Kshs. 35 Million in taxes from BTB Insurance Brokers following a decision in its favor by the High Court.
The Nigerian Stock Exchange (NSE) announces that the Federal High Court Lagos has now granted an order sanctioning the Scheme of Arrangement for the demutualisation of NSE.
Andersen Global has expanded its presence in Eastern Africa through a Collaboration Agreement with Madagascar-based tax and legal firm HK Jurifisc.
PetroNor announces that the Company has reached a mutual agreement with the Government of Senegal to suspend the Arbitration related to the Rufisque Offshore Profond and Senegal Offshore Sud Profond licence.
Andersen Global has partnered with Mauritania-based legal firm Chinguity Law to grow its West African footprint.
More than twelve trade agreements which have been operational in the Common Market for several years have been banned by the COMESA Competition Commission (CCC) for being anti-competition.
The World Bank announced 20-month debarment of China-based Liaoning-EFACEC Electrical Equipment Company in connection with fraudulent practices as part of the Lusaka Transmission and Distribution Rehabilitation Project in Zambia.
The High Court sitting in Nakuru ordered Rayan Logistics Limited, a transporter, to pay KRA Kshs.3, 954,673 in respect of export petroleum products that was consumed in Kenya.
The Department of Justice announced that it has transferred $311.7 to the government of Nigeria to repatriate assets the United States forfeited that were traceable to the kleptocracy of former Nigerian dictator Sani Abacha.
The African Development Bank Group announced the debarment of Sinotec Company Limited, an energy solutions company registered in China, for fraudulent practices in East Africa.
Only 66% of the nations of the world safeguard people’s data and privacy, despite an 11 percentage point increase in the adoption of data protection and privacy legislation in the period 2015-2020, according to new UNCTAD data.
The Kenya Revenue Authority (KRA) won a case to collect Withholding Tax amounting to Ksh.33,534,855.00 from Kenya Nut Limited.
SONATRACH signed with ExxonMobil a Memorandum of Understanding (MoU) to initiate joint discussions on potential exploration and development opportunities in Algeria.
The Capital Markets Authority (CMA) has cautioned investors against investing through unlicensed and unapproved entities offering Fund Management and Investment Advisory Services.
The Republic of Gabon signed the Treaty for the establishment of the African Medicine Agency (AMA), bringing the number of AU Member countries that have signed the AMA Treaty to sixteen.
Pan-African corporate law conglomerate Centurion Law has launched a series of legal updates where it will be providing the latest updates and insights on in-country changes in legislations and regulations in the midst of COVID-19 pandemic.
The African Development Bank Group announced the debarment of China Zhonghao Nigeria a civil engineering company registered in Nigeria, for 18 months, for fraudulent practices.
A partnership between Nigerian-American legal and business firm, Menes Konsult and Asian Franchise Academy (AFA) has opened doors for African businesses to benefit from franchising opportunities.
[Uganda] AfDB places Zhongmei Engineering on 12 months conditional non-debarment for fraudulent practice
The African Development Bank (AfDB) has announced a 12-month conditional non-debarment of Zhongmei Engineering Group, an engineering company registered in Uganda.
The Central Bank of Kenya (CBK) has taken regulatory action against Absa Bank Kenya PLC (Absa Kenya), following Absa Kenya’s failure to provide information about some specific foreign exchange trades that it conducted in March 2020.
The Capital Markets Authority (CMA) has admitted the Central Depository and Settlement Corporation (CDSC) to the Regulatory Sandbox to test its proposed screen-based Securities Lending and Borrowing (SLB) platform.
The World Bank approved a $100 million development policy operation to support the Government of Madagascar’s investment in human capital.
[South Africa] High Court dismisses Risc Technology application to interdict B-BBEE Commission from performing
The B-BBEE Commission welcomes High Court's decision to dismiss with cost the urgent application by Risc Technology Integration to interdict the Commission from implementing its decision and recommendations.