Our team represented a leading US-based global professional services network

Kenya’s rising bad loans: A closer look

The Kenyan banking sector is currently facing a significant challenge due to a sharp increase in non-performing loans (NPLs). In simple terms, a loan becomes non-performing when a borrower fails to make scheduled loan payments, either of principal or interest, for 90 days or more. This trend is worrying because, according to the Central Bank of Kenya (CBK), by December 2024, these bad loans accounted for 16,4% of all loans issued by banks – the highest level recorded in the past decade. The agricultural sector has been hardest hit, with 20% of loans turning bad, followed closely by the real estate sector at 18%.

Pre-arbitration minute or not?

The recent judgment of the Labour Appeal Court (LAC) in Mbeje and Others v Department of Health: KwaZulu-Natal and Others (DA33/2022) ZALAC highlighted the role, and binding nature of, pre-arbitration minutes in labour disputes

Journey toward a career in corporate finance

Chané Stievenart, Senior Associate in the Corporate & Commercial practice was featured in the DealMakers Women 2024 issue, where she shared insights into her journey toward a career in corporate finance.

Impact of the Climate Change Act on the Agriculture Sector

More than six years after it was first released for public comment, the Climate Change Act 22 of 2024 (Act) was signed into law by President Ramaphosa on 23 July 2024. Importantly, the Act has yet to commence and will come into operation on a date to be proclaimed by the President in the Government Gazette.

Beyond the delay: Unpacking technical aspects of the 2025 Budget

Extension of validity of Zimbabwean Exemption Permits