Category Archives: Main

How Companies Can Leverage Linguistic Talent in Africa as Part of a Corporate Social Responsibility Program

Welocalize

(NEW YORK) – The future of business, and how businesses run, is always evolving. An Aflac CSR survey shows that 77% of consumers prefer to buy from socially responsible brands, and 73% of investors say corporate social responsibility (CSR) efforts contribute to their investment decisions. One area where organizations can make a positive social impact […]

Indirect tax developments in Sub-Saharan Africa

By Jana Botha, VAT Consultant, Baker McKenzie Johannesburg There have been significant developments in indirect tax within Sub-Saharan Africa (SSA) in the past year. The vast majority of developments have been based around VAT amendments and policies, as well as general budget updates for 2022 across SSA. This article includes key developments from Ghana, Kenya, […]

China’s trade ties with Africa continue to strengthen

While challenges remain, continental free trade will further boost Africa’s trade partners By Virusha Subban, Partner specialising in Customs and Trade, and Head of the Tax Practice, Baker McKenzie in Johannesburg Trade between China and Africa is growing. The General Administration of Customs of China recently noted that bilateral trade between China and Africa amounted […]

How tracking methane helps fight climate change

By Antoine Rostand, President and Founder of Kayrros The need to track and reduce greenhouse gas emissions has never been more urgent. According to the IPCC, “without increased and urgent mitigation in the coming years, leading to a sharp decline in greenhouse gas emissions by 2030, global warming will surpass 1.5C in the following decades, […]

How the European Union’s General Data Protection Regulations influenced data privacy law in Africa

The European Union’s (EU) General Data Protection Regulations (GDPR) are considered to be a global standard for the protection of personal information. Across Africa, many existing data security and protection laws were modelled on the regulations of the EU’s first data privacy legislation – the EU Data Protection Directive (1995), which preceded the GDPR. Current […]

Understanding the Metaverse – Africa’s role

By Balkissa Ide Siddo, Director of Public Policy, Africa, Meta Since the start of the twenty-first century, technology has been at the heart of enhancing communication and human contact. The internet has not only enabled people to communicate with family and friends all over the world in real time, but powered businesses and creativity across the […]

#NoFalseNewsZone: How to determine fake information

Exclusive Interview With Oluwasola Obagbemi, Corporate Communications Manager, Anglophone West Africa, Meta Oluwasola Obagbemi talked about why the #NoFalseNewsZone campaign is needed, what reliable information is, how to determine lies, and how to solve problems with the spread of fake news. 1. Why do you need to conduct a #NoFalseNewsZone campaign now? The #NoFalseNewsZone campaign […]

The rapid rate of competition law developments across Africa

By Lerisha Naidu, Partner, Angelo Tzarevski, Associate Director, Sphesihle Nxumalo, Associate and Zareenah Rasool, Associate, Competition & Antitrust Practice, Baker McKenzie Johannesburg Baker McKenzie’s latest Africa Competition Report 2022 provides a detailed analysis and overview of recent developments in competition law enforcement and competition policy in 32 African jurisdictions and regional bodies. The Report outlines how, over […]

Trends Toward A Circular Agriculture In Kenya

Circular agriculture is termed a food system that is in harmony with nature and meets social needs simultaneously. With the growing population in Kenya, the food supply has been in high demand and this has come at the expense of the environment. Farmers have shifted to using more intensive farm chemicals causing land erosion and […]

Data security and privacy laws develop across Africa

Numerous countries in Africa have developed or implemented data privacy and security laws in their countries in the last few years. With the rapid rise in digitisation as a result of the pandemic, the broad implementation of such laws across the continent has never been more urgent. Countries including Ghana, Kenya, Madagascar, Mauritius, Nigeria, Rwanda, […]

When the bottom line is booming but the output is barely-there. Are mines missing a golden opportunity in this commodity cycle?

By Arjen de Bruin, Managing Director at OIM Consulting  We’ve heard rumblings about the world being on the precipice of a post-pandemic ‘roaring 20s’. And — at least in the case of the mining sector — there are certainly signs that point to this. For commodities, in particular, the boom is very much, well, booming. […]

Trade finance and the efforts to boost intra-African trade

By Lodewyk Meyer, Partner and Head of the Banking & Finance Practice, and Lucy Stratton, Associate Designate, Baker McKenzie, Johannesburg As stated by President of the African Development Bank (AfDB), Akinwumi A. Adesina, “trade finance is an important instrument for influencing Africa’s long-term economic development and structural transformation”. According to a report by the AfBB and […]

Africa can adopt renewable energy on a massive scale and save billions along the way

Oped by Kenneth Engblom Vice President, Wartsila Energy, Europe and Africa Africa’s energy future at a crossroad When it comes to building the future of energy in Africa, the decisions facing the continent’s leaders today are nothing less than of historical importance. More than anything else, energy systems are the very fabric of business and society. […]

Going Greener for Workforce Health and Wellness

Author cottonbro: Pexels

By: Amber Sambo, Social Media Manager and Content Creator at Decusatio As the climate-change discussion peaks and people gain more knowledge, there is increasing pressure on employers to not only protect the planet but to also ensure that the health and wellness needs of their workforces are met by providing environmentally healthy workspaces for them.  […]

Global Climate Action is Accelerating and Early-Mover Companies Can Seize Significant Advantage

Timing, Pace, and Extent of Change Needed for Net-Zero Transition Are Still Widely Underestimated New Report from World Economic Forum and Boston Consulting Group Provides CEOs with a Guide for Navigating an Unprecedented Global Transformation  Early Movers Can Drive Outsized Impact, and Gain Competitive Advantage on Multiple Dimensions Companies Can Save Cash and Carbon: Emissions […]

Africa is leapfrogging into the future of retail

The bi-annual Global Retail Development Index (GRDI), which is a study of the global retailing landscape has revealed Africa is poised to move away from traditional retail models and become the fastest-growing, richest, and most sophisticated market in the world. Prashaen Reddy, a partner at management consulting firm Kearney says that this is thanks to the […]

ESG obligations leading to the risk of increased litigation for African businesses

By Darryl Bernstein, Partner and Head of the Dispute Resolution Practice at Baker McKenzie in Johannesburg As African businesses begin to recover and build the resilience needed to successfully navigate COVID-19 disruption, a focus on Environmental Social and Governance (ESG) strategies is proving to be essential for long-term success. In order to stay competitive, organisations […]

Ten reasons to consider African trade and investment opportunities in 2022

By Lerisha Naidu,  Partner, Competition & Antitrust;  Lodewyk Meyer, Partner, Banking and Finance;  Mike van Rensburg, Partner, M&A; and Virusha Subban, Partner, Customs and Trade, Baker McKenzie Johannesburg 1. Visible green shoots – rising commodity prices The pandemic closed borders and stopped trade, other than for essentials, across the continent and was the principal reason […]

African Growth and Opportunity Act eligibility requirements under review in three African countries

By Virusha Subban, Partner and Head of Indirect Tax, Baker McKenzie Johannesburg On 2 November 2021, US President Joe Biden announced that three African countries would be terminated from the African Growth and Opportunity Act (AGOA) trade preference program, unless they took urgent action to meet statutory eligibility criteria by 1 January 2022. The three […]

Operational Challenges and Opportunities for Family-Owned Businesses in a Post-Covid World

By Faizal Bhana – Director Jersey Finance – Middle East, Africa and India. According to Asoko Insight’s FOB500 research, Nigerian family-owned businesses make up 36% of companies within the Economic Community of West African States, (ECOWAS). These businesses have been vital to the socio-economic development of Nigeria and have been instrumental in the region’s back-to-business […]

2021 sees surge in fundraising by African infrastructure funds with $2.14bn USD targeted

Africa-focussed infra investment funds have set a record fundraising target in 2021 Majority of deals by infra funds are of ‘green’ assets, as climate rises up the agenda for asset managers Dry powder and assets under management by infra funds at an all-time high, signalling investment boom to come Africa-focussed infrastructure investment funds have set […]

Increasing competition policy enforcement across Africa

By Angelo Tzarevski, Associate Director, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg Competition policy continues to be viewed by regulators as a key driver of economic growth globally. Across Africa, competition policy enforcement is increasingly being employed as a tool to boost economic performance and promote the revitalization of trade […]