African Law and Business

is an online platform focused on covering legal and business topics throughout Africa. Run by Global Legal Group, a recognized publishing company based in London, we have built solid connections with top African lawyers and regulators over the past decade.

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FATF removes Tanzania and Mali from grey list

1 week ago | africanlawbusiness.com | Natasha Doris

The Financial Action Task Force has kept 11 African countries under increased monitoring. The Financial Action Task Force (FATF) has removed Tanzania and Mali from its grey list, signalling an end to its increased monitoring of the states’ financial crime and anti-money laundering frameworks. The FATF published its latest list of jurisdictions on the grey list on 13 June.
Matouk Bassiouny adds Cairo M&A and corporate partner

1 week ago | africanlawbusiness.com | Natasha Doris

The firm has hired a returning lawyer to its Egypt branch after a nine-month absence. Matouk Bassiouny has added Khaled Diaa as a partner in its Cairo corporate and mergers and acquisitions (M&A) practice. Diaa returned to the firm earlier in June after a nine-month tenure as corporate counsel at Hill International.
African Law & Business

1 week ago | africanlawbusiness.com | Robert Li

FTI Consulting’s Andrew Durant argues the developed world bears just as much responsibility as developing regions to minimise corruption risk. Corruption can be broadly defined as ‘the abuse of public office for private gain’. This definition encompasses various forms of misconduct – including bribery, extortion, fraud and embezzlement – and can involve not only individuals in public office, but also those in corporate roles, or with significant influence or resources.
Nigerian lawyers launch new law firm in Lagos

1 week ago | africanlawbusiness.com | Dippy Singh

The full-service commercial law firm will cover a range of practices including dispute resolution, energy and IP. Founding partner Joshua Abe tells ALB about the new outfit’s ambitious plan to become Africa’s “biggest and most impactful” law firm.
ESG and human rights issues set to spark rise in Africa energy disputes

1 week ago | africanlawbusiness.com | Dippy Singh

Africa’s energy transition movement will “highly likely” cause a spike in certain energy disputes, a major conference has heard – but one leading barrister has warned against the creation of an African energy arbitration protocol to handle these conflicts.
Nigeria prevails in P&ID appeal

2 weeks ago | africanlawbusiness.com | Robert Li

The Court of Appeal in London has refused a bid to appeal against a judgment which set aside one of Nigeria’s most notorious multibillion-dollar arbitral awards. Nigeria prevailed in the Court of Appeal in London on Tuesday (10 June), validating the High Court proceedings which set aside the USD 11 billion arbitral award in Process & Industrial Developments v Nigeria.
Burkina Faso secures gold mining nationalisation

2 weeks ago | africanlawbusiness.com | Natasha Doris

The West African state has brought a number of assets under the ownership of a government vehicle, as it seeks a higher ownership share of gold mining projects. Burkina Faso has transferred five of its gold mining assets to state ownership, with the government announcing the transaction in a decree on Wednesday (11 June).
LIDW25: African AI advances and investment exit strategies

2 weeks ago | africanlawbusiness.com | Robert Li

London International Disputes Week featured two London High Court judges on an Africa and an AI-focused panel, while solicitors and risk professionals discussed successful exit strategies from the continent.
LIDW25: African lawyers battle perception gap

2 weeks ago | africanlawbusiness.com | Andrew Mizner

Greater African involvement is needed if international arbitration and litigation are to truly reflect and understand the world, according to lawyers at LIDW25. African lawyers participating in London International Disputes Week (LIDW) have called for a stronger African voice in international dispute resolution, reporting that courts and tribunals in the Global North continue to misunderstand and disrespect lawyers and institutions from the continent.
Umeme dispute heads to arbitration as talks with Uganda government falter

2 weeks ago | africanlawbusiness.com | Dippy Singh

The energy giant has increased the amount it is seeking from the Ugandan government as it confirms the concession dispute will go to arbitration in London. After weeks of good faith negotiations, Uganda’s largest energy distributor Umeme has failed to reach a resolution with the government of Uganda over the buyout amount payable to the company following the end of its 20-year electricity concession deal with the state – with the wrangle now headed for arbitration in the UK capital.