Once the last loose ends have been tied up, Kenya will be celebrating its largest debt and equity restructuring transaction yet: USD 2.2 billion restructuring of Kenya Airways PLC. This is according to the lead legal advisor on the transaction, pan-African law firm Bowmans. “It is a privilege to... Read more
Côte d’Ivoire has become the latest member of the African Trade Insurance Agency (ATI). ‘’Côte d’Ivoire’s membership will help help to extend ATI activities is including in the strategy of the Ivorian government to attract more investments and diversify our economy through the increase in trade and investment’’ stated... Read more
South Africa’s tax authority has threatened to take legal action against KPMG for disavowing a report it commissioned that was used to discredit the former finance minister, dragging the accounting firm further into a deepening political scandal. The withdrawal of the report last week placed KPMG in the midst... Read more
The trade statistics show that this positive trade balance was underpinned by notable growth in exports of edible fruits, beverages, spirits, and vegetables. Although the 2015-16 season was largely dominated by negative news associated with El Niño-induced drought, there was also some good news, thanks to trade. The South... Read more
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South Africa is in danger of missing its 1.3-percent growth target in 2017 due to poor performance of major sectors of the economy that will likely restrain tax revenues, Finance Minister Malusi Gigaba said on Monday. Africa’s most industrialised economy aims to collect just under 1.3 trillion rand ($98... Read more
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