andreasstargard Kenya, Minister

Kenya suspends 16 officials for corrupt acts, including 4 ministers

As the BBC reports, Kenyan President Uhuru Kenyatta has suspended four members of his cabinet in addition to 12 other government officials due to their being implicated in allegations of corrupt acts.  The primarily affected ministries were transport, energy, labour and agriculture.  (UPDATE: A fifth minister vacated her post on Sunday, three days after the original action by … Continue reading Kenya suspends 16 officials for corrupt acts, including 4 ministers

Editor Angola, compliance, DOJ, due diligence, enforcement, FCPA, Kenya, SEC

Halliburton to Goodyear: FCPA risks and due diligence in foreign acquisitions

Averting their eyes from Africa: Goodyear's $16m Kenya/Angola settlement highlights risk of insufficient due diligence Andreas Stargard. "Foreign acquirers must understand and -- likely -- challenge the status quo of their new African subsidiaries" When acquiring an African company, nothing is "business as usual."  Neither pre- nor post-acquisition can foreign parent corporations simply avert their … Continue reading Halliburton to Goodyear: FCPA risks and due diligence in foreign acquisitions