Kenya’s new Bribery Act set to make major changes

Kenya’s new Bribery Act set to make major changes

Kenya’s new Bribery Act set to make major changes

Risk managers in Kenya – or anyone with business interests in the east African state – need to be aware of a new Bribery Act, set to come into force. Speaking at KPMG’s two-day ‘It is Time for Change’ conference in Mombasa, Simon Dwyer, head of KPMG’s forensic advisory department in east Africa, warned: “The new Bribery Act impacts on…

Human rights risks mount with supply chain due diligence not fit for purpose: Maplecroft

Human rights risks mount with supply chain due diligence not fit for purpose: Maplecroft

Human rights risks mount with supply chain due diligence not fit for purpose: Maplecroft

Human rights risks are surfacing closer to home for western companies at the very time that legislation to clamp down on abuses strengthens and increases scrutiny on business practices, warns a new report from Verisk Maplecroft. The report also says that supply chain due diligence to track and prevent human right violations is not fit for purpose. Verisk Maplecroft’s Human…

Data protection a real challenge across Africa

Data protection a real challenge across Africa

Data protection a real challenge across Africa

The European data protection framework is currently undergoing deep mutations, warns one French lawyer. Merav Griguer, a partner in the French office of law firm Bird & Bird, said Europe’s new General Data Protection Regulation (GDPR), passed on 27 April 2016, will be enforceable from May 2018. It will bring important changes to the applicable rules and will enhance the…

African states amend private public partnership rules

African states amend private public partnership rules

African states amend private public partnership rules

A number of African states, including Benin, Mali and Tunisia, have amended their public-private partnership (PPP) rules, according to lawyers at Bird & Bird. In Benin, the firm said: “The National Assembly has adopted a law on the legal framework for public-private partnerships in Benin. In addition to the classic distinctions provided for in the UEMOA directives (notably public service…

Private equity poised for African growth

Private equity poised for African growth

Private equity poised for African growth

Despite numerous economic, political and regulatory risks faced by investors, private equity in South Africa continues to deliver long-term sustainable returns for its stakeholders and has outperformed major listed equity indices for the past decade. That is the view of Lizelle Acker, senior associate at Hogan Lovells Johannesburg. She said private equity continues to attract significant funding from local and…

Trump and US sanctions – managing the risk

Trump and US sanctions – managing the risk

Trump and US sanctions – managing the risk

US trade and economic sanctions are tools to address national security, foreign policy and economic threats. For the past several decades, the vast majority of sanctions have been imposed by the President alone, not by Congress. Under US law, simply by declaring to Congress that he believes a particular threat constitutes a national emergency, the President becomes vested with authority…

Court rejects Nigerian claims against Shell

Court rejects Nigerian claims against Shell

Court rejects Nigerian claims against Shell

Lawyers for more than 40,000 Nigerians will appeal an English High Court judgment handed down, which ruled that two polluted communities in the Niger Delta cannot seek redress against the oil giant Shell in the English courts, according to lawyers at Leigh Day. The judge concluded that Royal Dutch Shell (the parent company) has no legal responsibility for the systematic…

SSA remains near bottom of the global corruption index

SSA remains near bottom of the global corruption index

SSA remains near bottom of the global corruption index

  Botswana remains the least corrupt country in Sub Saharan Africa, according to Transparency International’s Corruption Perceptions Index 2016, in a year when more than two thirds of the 176 countries and territories in this year’s index fall below the midpoint of the scale of 0 (highly corrupt) to 100 (very clean). However, even Botswana – which sits at 35th…

US lifts sanctions on Sudan

US lifts sanctions on Sudan

US lifts sanctions on Sudan

Lawyers at Steptoe & Johnson report that on 17 January 2017, the US Treasury Department’s Office of Foreign Assets Control published an amendment to the Sudanese Sanctions Regulations (SSR), 31 CFR Part 538, authorising all transactions that had previously been prohibited under the SSR, including transactions that involve the government of Sudan. In addition, the US Commerce Department’s Bureau of…

A golden opportunity for Africa, as global political landscape changes

A golden opportunity for Africa, as global political landscape changes

A golden opportunity for Africa, as global political landscape changes

Following a year of landmark political changes, it could be that the time has never been more opportune for Africa to seize control of its place in the global market, according to lawyers from Hogan Lovells. Andrew Skipper, partner, and Amma Boakye, associate, say that, while it is still too early to predict the long-term effects of the Trump presidency…

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