CORPORATE GOVERNANCE

CORPORATE GOVERNANCE

Andersen Solidifies Africa Platform

By Kingsley I. Ilechukwu, Correspondent Lagos Following its rapid expansion in Africa, Andersen Global is now unifying its African member firms under the brand “Andersen.” As part of this transition, five former collaborating firms will become member firms of Andersen Global, solidifying its platform in Africa. The announcement comes on the heels of the adoption of the Andersen brand by the founding US member firm in 2019, and member firms in Europe, Latin America and the Middle East in 2020. Andersen Global member firms in Nigeria and Kenya—previously operating under...
CORPORATE GOVERNANCE

Airtel To Rejig Business For Sharper Focus On Digital; Buys Warburg’s 20% Stake In DTH Arm

Bharti Airtel has said that it will acquire a Warburg Pincus affiliate’s 20 per cent equity stake in its DTH arm Bharti Telemedia for around INR 3,126. Crore(US$43.00) which will be paid primarily via issuance of around 36.47 million equity shares of Airtel at a price of INR 600 per share; and up to INR 10,378 million in cash. Bharti Airtel has said that it will acquire a Warburg Pincus affiliate’s 20 per cent equity stake in its DTH arm Bharti Telemedia for around INR 3,126 Crore which will be...
CORPORATE GOVERNANCE

Airtel Sets Up Special Panel To Rejig Company’s Structure

"The board of directors in its meeting held on Wednesday, February 17, 2021, has constituted a 'special committee of directors' to consider and evaluate in detail, various options (or combination thereof) for re-organisation of businesses and shareholding structure of the company and its various subsidiaries," Bharti Airtel said in a stock exchange filing. Bharti Airtel has constituted a special panel to outline options for a re-organisation of its businesses, setting in motion plans to sharpen focus on its consumer-facing digital and non-telecom businesses and open up avenues for unlocking value....
CORPORATE GOVERNANCE

African Energy Chamber’s Regulatory Affairs Committee Calls For Less Red Tape And Regulation That Reflects Post COVID Market Realities

By Celestine Okorie, Correspondent South Africa The African Energy Chamber’s Regulatory Affairs Committee held its first meeting of the year to discuss regulatory matters that impede the African energy sectors growth and to make proposals on progressive regulation fit for the post COVID recovery. The purpose of a regulatory committee is to identify and track global regulatory trends and make propositions to African regulators on how these could be adopted and adapted to improve the operating environment in Africa’s energy sector. Through its work, the Regulatory Committee was able to...
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