Category Archives: Main

Reduction Of Personnel For Economic Reasons Vs Suspension Of Employment Contracts: Why Are Companies In Equatorial Guinea Spending Money In Times Of Crisis?

By Pablo Mitogo, Associate Attorney, Centurion Law Group Since the outbreak of COVID-19, many countries have been overwhelmed and the health systems of the most powerful countries have collapsed. The wave of chaos has also reached companies, especially in small economies such as Equatorial Guinea. Many companies have seen their volume of activity decrease drastically, with subsequent […]

AfCFTA is Now Operational: What to Expect in the First Few Months

by Pomy Ketema, Counsel, Baker McKenzie, New York The African Continental Free Trade Area (AfCFTA) is one of the largest trading blocs in the world with the majority of African countries now operating under its preferential trade framework. Trading under AfCFTA commenced on January 1, 2021 under a liberalized trade regime that would gradually lead […]

Deal making slows across Africa but post-pandemic opportunities look interesting

Africa-regions. Source: Wikipedia

Deal making activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value compared to 2019. As the continent gears up for post-pandemic recovery in 2021, the opportunities presented by free […]

African dealmaking decreases, the Africa’s Free Trade Agreement expected to boost recovery

Dealmaking activity in sub-Saharan Africa (SSA) dropped in the second half of 2020 (H2 2020), when compared to the second half of 2019 (H2 2019) and year-on-year, deals were also down in both volume and value when compared to 2019. According to Baker McKenzie’s analysis of Refinitiv data, M&A transactions dropped in SSA in H2 […]

It’s Time to Rethink Licensing Rounds: For Africa’s Oil- and Gas-Producing Countries, Negotiating the Current Environment May Require…Negotiation

In late 2019, as the African oil and gas industry was looking to the future with optimism, an Offshore Engineer wrote that the continent had reason to expect a “more productive 2020.” Instead, the unforeseen happened, and the COVID-19 pandemic had a devastating impact on the oil and gas industry in Africa and around the […]

Five Tech Megatrends that can Transform African economies in 2021 and beyond

Photo Credit: Scott Webb (Pexels.com)

The world has been experiencing massive digital disruption with the relentless rollout and adoption of disruptive and innovative technologies. Embracing digital disruption is daunting, since it is extremely unsettling with the rapid change brought about within societies and the severe impact on unskilled labor. Even if the African continent will not be spared by digital […]

Ending Violence in Mozambique Will Require United Effort; African Energy Chamber Stands Ready to Assist

I won’t sugarcoat it: The situation in Mozambique’s northern Cabo Delgado province is dire. Armed conflicts between security forces and the militant Islamic group, Ahlu Sunnah Wa-Jamo (ASWJ), known locally as “al-Shabab” even though it has no connections to the Somali group with that name, have left dozens of people dead and displaced thousands since […]

What the U.S. Political Transition Might Mean for Africa Generally and Its Oil and Gas Sector in Particular

2021 could be the beginning of a much needed reset for US relations with Africa and its various countries and regions. To date, most African governments have responded positively to the results of the recent U.S. presidential election, with many African leaders offering their congratulations to Joe Biden. That is no surprise: Donald Trump’s presidency […]

The US approach to Africa under Biden

Along the east coast, north from Durban are huge sugar cane fields. Author: (WT-en) Fluglotse2000 at English Wikivoyage aka. User:Africaspotter Wikipedia.org

By Virusha Subban, Partner specialising in Customs and Trade at Baker McKenzie in Johannesburg The United States (US) President Elect Joe Biden and his new administration are expected to take a multilateral approach to foreign policy, easing tensions and increasing engagement with allies. Trade issues are also expected to be a top priority for the Biden administration and under […]

A trust-defined customer experience journey will dominate 2021

Immersion Group says the Covid-19 pandemic has birthed a renewed need for brand trust Gaining brand trust has taken on a much deeper meaning since the Covid-19 Pandemic ordeal when consumers experienced firsthand which companies could provide evidence of their legitimate concern for customers. It has become very clear that trust goes way beyond just […]

Eswatini gears up to become a private sector-led economy

By Manqoba Khumalo, Minister of Commerce, Industry and Trade in Eswatini The Kingdom of Eswatini is gearing up to becoming a private sector-led economy committed to economic reform and determined to recover from the devastating effects of COVID-19. Before the global pandemic, the Kingdom of Eswatini was already experiencing key economic challenges characterised by sluggish […]

Environmental, Social and Governance takes centre stage in a post-pandemic Africa

By Wildu du Plessis, Head of Africa, Baker McKenzie As African businesses begin to recover and build the necessary resilience to successfully navigate COVID-19 disruption, a focus on Environmental Social and Governance (ESG) strategies is proving essential for long-term success. In order to stay competitive, organisations based in Africa are engaging meaningfully with ESG to […]

40% of Global Companies Facing Enforcement Investigations Due to Poorly Implemented Tech, in Africa, only 26% faced investigations – New Report

This article outlines the findings in a recent survey involving compliance leaders around the world, including in Africa. The report found that, globally, enforcement investigations due to poorly implemented tech was increasing, but this was not the case in Africa. Janet MacKenzie, Baker McKenzie’s Head of Technology, Media and Telecommunications in Johannesburg, explains the likely […]

Hyperconnectivity and Social Media influence on African leaders in the COVID-19 crisis

covid 19 Africa

It is hard to believe that something, seemingly so innocuous as social media, can be extremely powerful and disruptive. It can compel people and governments to behave and act in ways that they will not have in the first place. While social media is usually associated with fun and entertainment, it has a profound and […]

COVID-19 crisis threatens Sustainable Development Goals financing, says OECD

covid 19 Africa

According to the OECD’s latest Global Outlook on Financing for Sustainable Development, developing countries are facing a shortfall of USD 1.7 trillion in the financing they would need this year to keep them on track for the 2030 Sustainable Development Goals (SDGs), as governments and investors grapple with the health, economic and social impacts of the […]

Commitment to sustainability opening doors to post-pandemic capital in Africa

City centre of Cape Town in South Africa. View from the nearby mountain Lion’s Head. Photo Credit Wikipedia

By Wildu du Plessis, Head of Africa, Baker McKenzie The industrials, manufacturing and transport (IMT) sector is being hit hard by COVID-19 disruption, but commitment to sustainability could very well lead the sector to recovery. This is according to Baker McKenzie’s report “Sustainable Success: Exploring environmental, social and governance priorities for industrials through COVID-19 and beyond” which […]

Will a future Biden Presidency be better than Trump for Africa?

As America is voting for its next President, all African countries are contemplating their future engagement with either incumbent President Donald Trump or an incoming new President Joseph (Joe) Biden. Indeed, whoever gets in the White House this coming November 4th will re-define America’s relationship with Africa. Contrary to his immediate predecessors, over the last […]

A strong desire for intra-African mobility among candidates in Africa

While “the remuneration” is the main criterion for candidates wishing to move to a different country on the African continent, it only comes in 3rd place for those who have already passed the milestone. “The interest of the missions” as well as “the adequacy with the professional project” are driving forces to work abroad whether it is […]

N’Gunu Tiny on Why social innovation in Africa is so important

N’Gunu Tiny, Founder and Executive Chairman of the Emerald Group is an expert in Transformative Technology and Social Innovation. The population of Africa is set to increase to 2.4 billion over the next 30 years. And across a continent that is finding itself after decades of uneven economic growth, there is an urgent need for […]

Africa and Asia’s Food Security ‘Tipping Point’ & the Hope for Collaborative Solutions this World Food Day

In a year when the World Food Programme has been rightfully recognized in receiving the Nobel Peace Prize, the state of global food security is in the spotlight this World Food Day more than ever. For Africa and Asia in particular, the critical needs and challenges driving this renewed awareness are sadly only growing. As […]

Dual blow of No-Deal Brexit and COVID-19 could see UK GDP fall by 6% over the next decade, African trade to be impacted by No-Deal scenario

A No-Deal Brexit compounded by the COVID-19 pandemic could see UK GDP fall by 6% and lose £134 billion pounds annually according to The Outlook for Trade after Brexit report.  The report, from the leading legal global law firm Baker McKenzie and economic consultancy Oxford Economics, covers four sectors of the UK economy, automotive, consumer goods, healthcare […]

Education and skills development is key to addressing youth unemployment

Youth unemployment remains an ever-present problem in South Africa, ranking as one of the highest in the world. Unemployment is a big dealbreaker in any economy, feeding into two of the country’s other big socio-economic challenges: poverty and inequality.  According to the Quarterly Labour Force Survey, the youth aged 15-24 years are the most vulnerable in […]