Africa: Finance and Banking

The Nigerian capital market has undergone a significant regulatory transformation with the recent enactment of the Investment and Securities Act 2025 signed into law on March 31, 2025...

A recent judgment from the Supreme Court of Appeal has provided important clarification on the application of prescription in the context of misappropriation of funds within a close corporation.

The Investment and Securities Act (ISA) of 2025 was signed into law on March 31st, 2025, by President Bola Ahmed Tinubu, repealing and replacing the Investment and Securities Act (ISA) of 2007...

Making money is one thing, but keeping it? That's a whole different ball game—worms like inflation, currency depreciation, policies and a few other, always feel entitled to bite into your fortune.

ZAR 475 million, ZAR 210 million, ZAR 59 million, these are not lottery-winning jackpot amounts. They are some of the eye-watering administrative penalties that have recently been imposed by the Financial Sector Conduct Authority (FSCA) and the Prudential Authority (PA) (together, the Regulators) during 2024 on (i) the late Mr Jooste for perpetrating insider trading...

Conduct a thorough valuation of the portfolio assets being transferred to determine their fair market value. This provides the pricing mechanism for the continuation fund.

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...

In 2024, the Nigerian banking and finance sector experienced significant regulatory changes driven by the Central Bank of Nigeria ("CBN").

Securing capital is integral to the growth of any business and companies typically explore two primary avenues: debt financing and equity financing. While debt financing often involves traditional banks and capital markets.

The Companies Act 71 of 2008 (the Companies Act) has brought about a unique change in business methods.

ENS acted on behalf of Investec Bank Limited in an application for summary judgment against a defendant where the defendant had stood surety for the debts of certain companies.

With the introduction of business rescue by the new Companies Act (which came into effect on 1 May this year), a company director is obligated to either pass a resolution for business rescue or for liquidation, as soon as he or she becomes aware that the company is trading in a financially distressed situation or notify all stakeholders of the basis for not doing so.