News type: News

Africa is forecast to be the second-fastest growing major region in 2024 across the world. The services sector is predicted to play an important role, particularly in East Africa. The global shift to cleaner energy presents opportunities for industries across the continent, and the continued implementation of the AfCFTA agreement will help to accelerate progress. The continent does however continue to feel the effects of the uncertain geopolitical landscape across the globe more acutely than other major regions and will experience a high number of elections in 2024.

Nigeria is constantly ranked as one of Africa’s key economic nerve centres, full of economic opportunities and channels for investment. The country’s diverse economy continues to promote the growth of various sectors such as oil and gas, fintech, mining, media and entertainment. As a result, it has become Africa’s largest economy with a current GDP of USD 477 billion, a growth trajectory that continues to rise. Its young, expanding population, a wealth of natural resources, booming tech sector, and dedication to economic change is a breath of fresh air that the current government has introduced to boost economic resilience and investor confidence.

Chambers Africa Awards 2024 has recognised Gbenga Oyebode, Founder and Of Counsel –  Aluko & Oyebode for his leadership, extensive experience, influence, and track record in the legal industry.

Aluko & Oyebode, Nigeria’s leading full-service commercial law firm, has rebranded itself as ALN Nigeria | Aluko & Oyebode, marking a significant milestone on its journey of offering top-tier legal services, pan-African expansion and global prominence.

ALN Mauritius has announced the appointment of Jason Harel as its Chairman while Valérie Bisasur and Fayaz Hajee Abdoula are appointed Co-Managing partners, with effect from January 2024. Iqbal Rajahbalee, the present Managing Partner, is due to continue as counsel in the Disputes Resolution practice until his exit from the firm at the end of 2024.

ALN is delighted to contribute to East Africa’s growth. We highlighted our profound knowledge and comprehension of the region’s economic trends and pivotal investment drivers at the 2024 Regional Outlooks Webinar Series: East Africa, hosted by Invest Africa. ALN Director, Karim Anjarwalla moderated the session which discussed the trends and opportunities shaping the local markets in East Africa and what 2024 has in store for the region. On the panel, Karim was joined by Chief Economist & Head of ALM | NCBA Group, Raphael Agung’ and Head of Global Operational Risk Research | Fitch Solutions, Chiedza Madzima.

Click the video below to watch the webinar recording.

 

 

“CFOs thrive when they are placed in a flat rather than a purely hierarchical structure.” This is according to ALN Kenya CFO Timothy Thaiting’a. “It is such a pleasure for me to work in a place where I can be able to walk into the managing partner’s office and discuss a matter,” he explains.

 

ALN firms and lawyers continue to demonstrate their exceptional standing within practice area rankings, with a notable inclusion in the 2023 IFLR1000 edition being the debut appearance of the UAE in the ranking tables.

In this episode of the Breaking Ground, Breaking Barriers podcast series focusing on East Africa’s real estate and construction landscape, Nicole Gichuhi, a partner at ALN Kenya chats to Africa Legal’s Tom Pearson about Africa’s development in the sustainability era.

ALN, with partners UNCTAD, The Flip Flopi Project, McKinsey & Company and Delterra, is hosting an informal pre-event to the 3rd Session of the Intergovernmental Negotiating Committee on Plastics (INC-3), to discuss trade and development aspects of plastic pollution mitigation measures, non-plastic substitutes, and plastic alternatives.