Tag Archives: Africa

African Economies Looking Beyond Oil and Gas in Response to the Collapse of the Commodities Market

The first quarter of 2016 has proven to be difficult with few bright spots across Sub-Saharan Africa economies. According to Africa’s Pulse, the World Bank’s twice-yearly analysis of economic trends and the latest data for the region, economic activity in Sub-Saharan Africa slowed in 2015 to its lowest rates since 2009 with GDP growth averaging … Continue Reading

Greenberg Traurig Hosts Event on International Arbitration in Africa

Greenberg Traurig hosted the Third Annual Penn State International Arbitration Day at its Washington, D.C. office on March 11, 2016.  This event was a day-long conference entitled “The Future of International Arbitration in Africa” and was co-sponsored by Penn State Law School, Penn State School of International Affairs, the American Society of International Law, and … Continue Reading

African Technology Startups Gaining Attention

The increasingly noticeable discussions of the tech boom taking shape across Africa were recently further bolstered by news about startup financings on the continent. A 2015 survey revealed that African tech startups raised at least $185 million for the year. A total amount that includes undisclosed financings would likely be much higher. This year already … Continue Reading

Hitachi settlements highlight importance of anticorruption compliance programs and cooperation with regulators

On December 4, 2015, the African Development Bank Group (AfDB) announced that it reached an agreement with Hitachi, Ltd. (Hitachi) that debars the company from participating in AfDB projects for twelve months with conditional release. The debarment was the result of an investigation by AfDB’s Integrity and Anti-Corruption Department (IACD) concerning bribery allegations against Hitachi … Continue Reading

Nigeria’s Anti-Corruption Campaign Continues as Two Key Arrests Are Made in a Widening Graft Investigation

Nigerian President Muhammadu Buhari is pressing forward with his crackdown on corruption and is sending a clear message that corruption no longer will be “business as usual” in his country. During his September 28th speech before the U.N. General Assembly, President Buhari urged the international community to step up its efforts to locate and return … Continue Reading

China Africa Joint Arbitration Centre Established in Johannesburg

Highlighting the accelerating pace of trade and investment between China and Africa, a new international arbitration center has been established to resolve commercial disputes between Chinese and African parties. The center, which will be called the China Africa Joint Arbitration Centre (CAJAC), will reportedly begin accepting cases in Johannesburg in October 2015 and has future … Continue Reading

Chad and China’s CNPC Reach Settlement on Alleged Environmental Damages

The Republic of Chad and the China National Petroleum Corporation (CNPC) reportedly reached a settlement in a dispute involving environmental damages allegedly caused by the dumping of excess crude oil by CNPC in Chad. Under the agreement, CNPC agreed to pay Chad US$400 million to settle the dispute, according to an announcement by Chad’s Oil … Continue Reading
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