Last year, I saw a post from the seasoned Corporate / M&A Lawyer, Mugambi Nandi, in which he wrote: “On my first day of work as Head of Legal / Company Secretary for Stanbic Group in May 2007, my MD told me something on performance which I have never forgotten: […]
Mergers and Acquisitions – Why Even Bother?
There is an extensive list of reasons why companies and their management engage in Mergers and Acquisitions (M&A). For the acquiring entity (buy-side), M&A is a popular tool for expanding business operations or stimulating growth by increasing market share, entering new markets, shaping supply chains, acquiring new technologies and capabilities, […]
UBA issues a notice of early redemption to investors (bondholders) – a look at callable bonds
On Friday 29th May, 2020, one of Africa’s biggest banks, United Bank for Africa Plc (UBA), issued a notice of early redemption to investors, exercising the call option attached to the bond at the issue date, thereby informing investors that the bond will be redeemed on 30thJune, 2020. The bond […]
Why saving your money in a bank may be bad for you
“‘Tatty’ (thirty) billion for the account…”. It is fair to say that these words made the famous song “If” by Nigerian afro-beats sensation, Davido, the success that it was. In hip-hop, R&B and afro-beats, where bragging about riches and success is by far the most popular theme, there have not […]