If you are employed on a fixed-term contract, prepare to go home on the expiry date unless your employer advises you otherwise. Indeed, the preparation should start from the day you sign the contract. That is the latest, crisp albeit stone-cold advisement from the Court of Appeal.
For in-house lawyers working across Africa the message is clear: you are at the forefront of a revolution.
Our guide to the issues likely to impact businesses and the key measures taken by African governments in response to COVID-19.
Kenyans have been in a state of panic since the outbreak of the novel coronavirus. From a projects perspective, contractors have been a particularly worried lot, seeing as the pandemic has affected supply chains and their ability to meet their contractual obligations.
In the wake of the spread of the COVID-19 global pandemic, the real estate and loan markets in Kenya are bound to be affected. On 16 March 2020, H.E. Uhuru Kenyatta, the President of Kenya revealed that three (and now 25) patients had tested positive for the virus culminating in presidential directives towards preventing its spread to the rest of the population
Over the past few years, the world has witnessed increased use of artificial intelligence (AI) in almost every sphere of life. Some of the AI solutions such as ChatGPT by OpenAI have drawn immense public attention and are said to be “revolutionary”. Governments and businesses world-wide are exploring ways of integrating AI into the economy and businesses
The development of offshore renewable energy in Africa is still in its nascent stages, with a number of offshore solar, wind and tidal projects currently going through feasibility studies in countries such as South Africa and Ghana.
Policies on ownership of agricultural land vary from country to country. Some countries prohibit ownership of agricultural land by foreigners while others have an open door policy allowing foreigners to own agricultural land. For countries that restrict ownership of agricultural land by foreigners, the differential treatment is premised on the need to localize food security.
The transition to electric vehicles (EVs) cannot be gainsaid as the elimination of tail pipe emissions is a central part of the climate change offensive. Kenya’s electric mobility ambitions led it to sign the COP26 declaration on accelerating the transition to 100% zero-emission vehicles. The brutal truth is that we have little choice about switching to EVs because car manufacturers will over time abandon internal combustion engines (ICEs) given the stance of regions like the EU, which will effect a ban on new ICE vehicle sales by 2035.
Changes in business ownership will usually take one of two forms; one could sell the shares in a company together with its underlying assets and liabilities or simply sell the underlying assets and liabilities of the company. There are many commercial and legal reasons that inform why a potential investor would opt to purchase the shares of a company instead of the underlying the assets and liabilities of the company or vice-versa. One of the reasons could be the tax impact each option would have.