The right platform – trying to find a long-term approach for Africa
- 06 December 2016 09:30
- by Dominic Carman
Given the fall in commodities prices in 2016, the spotlight has turned on the long-term sustainability of Africa for international law firms. Have the global players hedged their bets enough?
'There is no African law firm that does infrastructure the way we do; it's front and centre of our strategy. There is a real gap in the market for a sector-based law firm.'
- 06 July 2016 11:19
- by James Wood
With economic strife putting pressure on Africa's foreign investments, effective dispute resolution mechanisms are vital. We teamed up with Simmons & Simmons to ask general counsel their experiences of disputes on the continent
As we reported in our dispute resolution Insight 'Clause and effect' last year, Africa has become a disputes hotspot. With a fall in commodities prices leading to abandoned projects, disputes work is becoming even more plentiful.
- 04 December 2015 09:00
- by Chris Crowe
Africa’s economic transformation has made it a key target for globe-trotting private equity houses. Can the continent pay out for the lengthening queue of investors?
For the private equity (PE) community, where risk and return are uneasy bedfellows, Africa represents less of a gamble. Given the continent’s increasing political stability and steady economic growth, the stakes are becoming stacked progressively in the sponsors’ favour. Not so long ago, investors’ bets were as safe as buying a handful of lottery tickets.
- 04 November 2015 09:00
- by Mark McAteer
With North Africa becoming a regional hub for international clients doing business on the continent, we teamed up with Bennani & Associés to debate the practicalities of servicing clients in Algeria and Morocco.
For the avoidance of doubt, Africa is not a single market for international firms to crack. Not only is it a continent comprising 54 distinct legal jurisdictions, but there are also numerous entry points for global legal service providers to service their clients.
- 04 November 2014 09:00
- by Michael West
With a huge infra deficit and investment flooding in, Legal Business assesses the bellwether projects – and their advisers – defining Africa’s infrastructure market.
In August this year, President Obama hosted the largest US-Africa leaders’ summit ever, with the heads of nearly every African nation gathering in Washington DC. As well as working on governance and leadership issues, Obama talked to a business forum hosted in the Mandarin Oriental, with 90 US firms and over 100 major African companies attending, in an attempt to broker deals and build relationships across the Atlantic.
- 31 October 2013 10:37
- by David Stevenson
The dynamics of the fast-changing continent are rapidly shifting. As sub-Saharan states challenge South Africa’s regional dominance, Legal Business asks what the much-touted market will look like five years from now
‘I’m standing saying that those who miss the boat now, will miss it forever. So if you want to be in Africa, think about investing,’ said Nigerian finance minister, Ngozi Okonjo-Iweala, earlier this year in a public speech.
Before most foreigners had become bullish on Africa, Stephen Jennings, founder of Renaissance Capital, who successfully bet on the opportunities in post-Soviet Russia, put it more pithily when he was quoted in 2007 as saying: ‘If Russia was a once-in-a-lifetime opportunity, sub-Saharan Africa is a second once-in-a-lifetime opportunity.’