An explosion in investor interest has international firms lining up for a share of the African market, but legal systems are straining to keep pace with change.
Internationalisation of South Africa’s legal market is continuing apace as firms seek to exploit opportunities throughout the region
North Africa is swiftly becoming a hub for investment into the rest of the continent.
Angola and Mozambique both benefit from oil and gas exploration but their by-product of needing modern and extensive infrastructure is creating new investment sources
East Africa is a buoyant and increasingly integrated region, with oil and gas driving its future. Meanwhile, a liberalised legal market is emerging
A rebasing has elevated Nigeria as the top African economy and brought to light new business potential
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Eversheds and Norton Rose Fulbright (NRF) have both expanded their reach in Africa this week with the firms signing strategic alliances in South Africa, and Uganda and Zimbabwe respectively.
African lawyers believe global firms do not understand the realities of doing business in their country and have a tendency to “fee-hog”, but remain highly dependent on work from international players.