Reversal of Djibouti in London in its dispute with DP World
An arbitral tribunal of the International Court of Arbitration in London (“LCIA”) ruled on July 7, 2021 against the company Port de Djibouti SA...
Guinée: the Lonagui soap opera – Guinea Games far from over
Since the announcement by the regulator, the National Lottery of Guinea (Lonagui), of the termination of the Guinea Games concession contract and the takeover...
Komsilga Power Plant case: Sopam SA enters Bolloré’s accounts in 5 countries
The Sopam SA company of Burkinabé businessman Panguéba Mohamed Sogli announces the seizure of the accounts and property of the Bolloré group in connection...
Asafo & Co. and Lawtons Africa annonce landmark Tie-up in South Africa
Asafo & Co. and Lawtons Africa are pleased to announce their landmark agreement to join forces. The tie-up both significantly strengthens Asafo & Co.’s...
Nigeria condemned to pay 20% of foreign exchange reserves to P & ID
The West African giant was sentenced on 16 August by the Business and Property Courts of the United Kingdom to pay 9 billion dollars...
Gabon trembles while waiting for the verdict on Webcor
The case opposes Webcor ITP Limited to the State of Gabon. This Malta-based company, which has no known activity, signed a framework contract on...
Cape Verde sees investment: government’s vision and commitment are paying off
Dubbed the most democratic nation in Africa, Cape Verde is one of the better-known of the continent’s success stories. While Cape Verde’s scattered islands...
OCP Kenya: The Prosecutor’s office withdraws its charges
The Director of Public Prosecutions announced today that the charges leveled against
OCP Kenya and its officers on June 22, 2018 have been lifted, in...
Djibouti State Sentenced to Pay USD 385 Million to DP World
The London Court of International Arbitration has ordered the State of Djibouti to pay USD 385 million in compensation to Dubai Port World Port...
The legal & financial chronicle (1)
By Massandouno Doussou Komara.
Repatriation of assets stolen by corrupt leaders: from theory to reality
The return of stolen assets by corrupt leaders to their countries...
The BRVM seals a partnership with CIPME
The Regional Stock Exchange (BRVM) and the Côte d'Ivoire SME Agency (CIPME) signed a memorandum of understanding under the Chairmanship of the Ivorian State...
France: Total judged for “corruption of public officials abroad”
The prosecutor's office on Friday ordered the confiscation of 250 million euros against the oil group Total, tried for corruption of foreign public officials...
Angola: The son of former President Dos Santos placed in pre-trial detention
The former head of the Angolan sovereign wealth fund, Jose Filomeno dos Santos, was placed in pre-trial detention on Monday (September 24th) by the...
A new financial scandal at ASECNA
The Agency for the Safety of Air Navigation in Africa and Madagascar (ASECNA) is again wet in a hijacking case.
This time, a hole of...