RESPONSIBLE INVESTMENT BROCHURE

Authors: Nila Wilde, Martin Kavanagh, Rebecca Major and Joanne Elson For Africa-focused developers and sponsors in the renewable energy market, ESG is likely in the forefront of your minds and it is important to show knowledge of what is expected in the responsible investing market in order to ensure swift project development and to enhance … Read more

A Perfect Storm: negotiating African M&A deals in these times of COVID-19, low oil and gas prices, currency fluctuations, increased nationalism and increased focus on ESG

Author: Rebecca Major In spite of the current economic and sanitary climate, we are seeing, and expect to continue to see, M&A deals in Africa, including in particular: deals already agreed before COVID-19/the drop in oil and gas prices; sellers looking to sell to raise money; and buyers with cash/available credit lines looking to leverage … Read more

ALGERIA : REOPENING ALGERIA TO FOREIGN INVESTMENTS

The supplementary finance law for 2020, published in the Official Gazette on 4 June 2020, has amended the legal framework for foreign investment in Algeria with the aim of facilitating such investment in the country. This long awaited law implements the following principal changes: (i) the repeal of the 51/49 rule (save for the retail … Read more

THE YEARS OF ‘COVID CAPTURE’ CALL FOR VIGILANCE

Author: Cameron Dunstan-Smith Governments and corporates must ensure delivery of vital goods and services to protect citizens and equip state facilities.  The Covid-19 pandemic is the most challenging global economic disaster the world has witnessed in a generation. The pressure on individuals, governments and corporations is taking its toll, with the impact felt at macro … Read more

COVID-19: Initial responses of certain African countries

Editors: Thomas Herman, Eva Maarek, Nila Wilde, François Adao and Sharif Abousaada More than 2 months after the WHO declared the novel coronavirus a pandemic on 11 March 2020, the epicentre of the outbreak has shifted from Asia, where it first appeared in late 2019, to the USA, which still has the highest number of … Read more

“RESOURCE NATIONALISM IS BOTH CYCLICAL AND CONTAGIOUS”

Author: OLIVIER BINYINGO  Interview with Olivier Binyingo, Director, Herbert Smith Freehills LLP, SA. At the upcoming DRC Mining Week in Lubumbashi from 17-19 June 2020, Mr Binyingo will address the conference on “An asserted Rule-of-law for a conducive investment climate” which will be followed by a panel discussion. The company is also a bronze sponsor … Read more

ETHIOPIA ACCEDES TO 1958 NEW YORK CONVENTION

On 13 February 2020, Ethiopia’s parliament approved accession to the 1958 Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the “New York Convention” or the “Convention“). Ethiopia will become the 163rd state signatory and the 39th African state to accede following the recent accessions of the Seychelles, Cabo Verde and Sudan. Read more