Africa: Finance and Banking

This article considers the application of the voetstoets principle under the law of insolvency, particularly in the light of the Consumer Protection Act 68 of 2008 (CPA).

Regulation 127(1)(b) promulgated under the Companies Act 71 of 2008 (the Act) states that companies which are undergoing business rescue proceedings are classified into three groups.

The draft Companies Bill contemplates the introduction of a new concept into the South African law of mergers and acquisitions, namely amalgamations. Although one has always spoken about mergers and acquisitions, the reality is that South African law did not ever permit a merger in the true sense of the word but rather dealt only in acquisitions.

In this article, Simisola Eyisanmi and Bankole Oke explore the recapitalisation strategies available to BDCs, from equity and debt financing to mergers and retained earnings, within the context of Nigeria's evolving capital market.

The Central Bank of Nigeria ("CBN"), being the country's apex bank and the regulator of the banking sector, has as one of its key objectives to promote a sound financial system.

Following the 2007 – 2009 financial crisis, it became evident globally that there were weaknesses in the financial regulation of commercial banks, specifically in relation to the liquidity...

Technological advancements, particularly the rise of the internet, has transformed how we work, learn, interact financially and store wealth. In emerging markets like Nigeria...

The recent decision in Gideon Pieter van Zyl v Kobie Spangenberg en Genote (Pty) Ltd by the Financial Services Tribunal ("the Tribunal") highlights the critical importance of compliance with the procedural safeguards under section 14 of the Financial Advisory and Intermediary Services Act 37 of 2002 ("FAIS Act") when effecting a debarment

Ethiopia has enacted the Banking Business Proclamation No. 1360/2025 and Directive No. SBB/95/2025, opening its banking sector to foreign investors for the first time in over 50 years.

Securitisation Comparative Guide for the jurisdiction of Zimbabwe, check out our comparative guides section to compare across multiple countries

Due to developments in the financial sector, new and innovative financial techniques and instruments have been introduced to supply capital resources.

Nigeria's infrastructure, currently valued at about 35% of the nation's Gross Domestic Product (GDP) is widely regarded as dilapidated and inadequate.