Welcome to the April edition of the Addleshaw Goddard Africa Group Newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

Port-Louis, April 2021: MCB is facilitating Senegal’s endeavour to improve its national electrification rate through its USD 60 million participation in the syndicated project finance facility of USD 140 million to Karpowership.  MCB was not only a co-mandated lead arranger but provided the highest loan commitment.  The project finance facility is enabling Karpowership to operate its 235 MW Powership alongside the shores of Dakar since August 2019. 

Ransomware is, by multiple measures, the top cyber threat facing businesses today, with damages caused including downtime costs and recovery time.

With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction.

Agility, a leading global logistics and warehouse provider has opened a new Agility Logistics Park in Maputo, adding to its growing network of international-standard warehouse parks serving key African markets.

Radisson Hotel Group is proud to announce its first resort and third hotel in Zambia, with the signing of Radisson Blu Resort Mosi-oa-Tunya, Livingstone, Zambia.

Over the years, Mauritius has consistently implemented reforms to enhance the island legal and regulatory framework and uphold its reputation as an International Financial Centre (IFC).

Get up to date with the February edition Africa Business Group newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

Visit our dedicated Africa site for more information about doing business in Africa and how Addleshaw Goddard can support you.

Invest Africa (www.InvestAfrica.com), a prominent business and investment platform for African markets, and APO Group (www.APO-opa.com), the leading Pan-African communications consultancy and press release distribution service, have entered a partnership agreement to help boost African economies.

In its role as an experienced development financing partner DEG – Deutsche Investitions- und Entwicklungsgesellschaft mbH, is particularly in demand during the current COVID-19 pandemic.

For Buchanan’s inaugural episode, Augustine Chipungu speaks to Tutu Agyare on a range of topic issues, including cost of capital in Africa, beneficiation, the African Continental Free Trade Area, and impact of COVID-19.

Get up to date with the February edition Africa Business Group newsletter. We hope you enjoy reading a selection of business news and articles from around the continent.

Visit our dedicated Africa site for more information about doing business in Africa and how Addleshaw Goddard can support you.

In a win for the private equity sector in South Africa as well as transformation in the agro-processing industry, Sanlam Investments through their private equity business, Sanlam Private Equity ("SPE"), has acquired a majority stake in the Cavalier Group of Companies, a supplier of premium red meat products and the largest employer in the Cullinan region of Gauteng for an undisclosed amount.

InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has subscribed to the Acorn Holdings Ltd (Acorn) Real Estate Investment Trust (REIT) committing to support the delivery of affordable student accommodation in Nairobi. The US$10m (Kenyan Shilling Equivalent) investment, made through InfraCo Africa’s dedicated investment vehicle, will enable Acorn to scale its business, building on the company’s track record of delivering purpose-built student housing in Kenya, and helping to mobilise local capital markets.

Invest Africa, the leading business and investment platform for African markets, and Untapped Global, a connector of frontier market innovators and global investors, have this week announced a partnership aimed at facilitating investment into African tech startups.

Invest Africa, the leading business and investment platform for African markets, and Untapped Global, a connector of frontier market innovators and global investors, have this week announced a partnership aimed at facilitating investment into African tech startups.

Ngozi Okonjo-Iweala has made history as the first woman and the first African to take the helm of the World Trade Organisation (WTO).

Global law firm Clyde & Co advised UK mining company, Kabanga Nickel, on a binding framework agreement with the Government of Tanzania for the development of the Kabanga Nickel Project, the world's largest development – ready battery grade nickel sulphide deposit. As part of the transaction, Kabanga Nickel also acquired certain historic project assets.

Global law firm Clyde & Co advised UK mining company, Kabanga Nickel, on a binding framework agreement with the Government of Tanzania for the development of the Kabanga Nickel Project, the world's largest development – ready battery grade nickel sulphide deposit. As part of the transaction, Kabanga Nickel also acquired certain historic project assets.

Global law firm Clyde & Co advised UK mining company, Kabanga Nickel, on a binding framework agreement with the Government of Tanzania for the development of the Kabanga Nickel Project, the world's largest development – ready battery grade nickel sulphide deposit. As part of the transaction, Kabanga Nickel also acquired certain historic project assets.