African Law & Business (ALB)

A claimed first, newly launched Egyptian private equity fund 'C3 Capital Fund 1' will provide liquidity to support economic growth in the North African country via a private investment in public equity ethos. ALB's Robert Li reports. Zaki Hashem, Attorneys at Law served as legal counsel to fund sponsors Compass Capital and CI Capital Holding, while fellow Cairo legal practice Zulficar & Partners Law Firm acted in the same capacity for the institutional investors which included Egyptian banks Commercial International Bank (CIB Egypt) and Banque Misr. https://lnkd.in/eUpUTiDS

Ghana’s central bank has collaborated with a national financial regulator in publishing a guide to best practice to combat money-laundering in the foreign exchange bureau sector, while also stipulating the authorities’ important role in reducing financial crime. ALB's Robert Li reports. https://lnkd.in/eChMwcWp

LEX Africa has added DABLO (Law Firm) as its exclusive member firm for Ethiopia. Natasha Doris reports. https://lnkd.in/exHJ2pyV

French mining company Orano has filed for arbitration proceedings at the International Centre for Settlement of Investment Disputes (ICSID) against Niger over a dispute relating to uranium mining operations in the African country. Orano has employed Clay Arbitration as its legal representation. Natasha Doris reports. https://lnkd.in/eUqCrTZP

The Institute of Directors South Africa and the King Committee have called for public comment on the draft edition of the King Code V, updating the guidance for corporate governance in South Africa. The draft King Code V will be open for comment until 4 April this year. Natasha Doris reports. https://lnkd.in/e_54s3FJ

Barrister M. Ga?lle Angoh Li Ying Pin has joined CMS' Mauritian affiliate CMS Prism as head of dispute resolution,?bringing over a decade’s experience as a former Mauritius Attorney General's Office lawyer. ALB's Robert Li reports. https://lnkd.in/emXhTCkV

The Southern African Development Community (SADC) last week (28 February) unveiled Angola’s impending appointment to the SADC Free Trade Area (FTA) – declaring that the move will unlock “immense economic opportunities” in the region. Angola will become the 14th SADC member state to join the FTA – which provides reduced trade tariffs and greater foreign investment. https://lnkd.in/erjZgnwz

Bowmans (Law Firm) has added corporate/M&A partner Gasant Orrie and two of his team to its Cape Town office from Clyde & Co. Natasha Doris reports. https://lnkd.in/dSAvNBhi

The Competition Commission South Africa has published a provisional report addressing the media and journalism environment across the country, especially in light of fading print media and the emergence of digital platforms, AI and search algorithms. The agency has identified several key problems with the reporting landscape, along with potential solutions to give South Africans their constitutional right to be informed and active participants in their state's democracy. Natasha Doris reports. https://lnkd.in/eWp7-Nru

Cricket South Africa has partnered with Macron for a five-year term, giving the Italian sportswear company a spotlight when the African country hosts the Cricket World Cup in 2027. Natasha Doris reports. https://lnkd.in/e6b82ncd