Clifford Chance
Bribery risks for companies investing in Africa - June 2014
24 June 2014
Bribery risks in Africa are not necessarily different in kind from bribery risks in other jurisdictions, but there is a perception that bribery is more prevalent in many African countries.
As investors are increasingly drawn to the continent by a range of attractive opportunities – particularly in natural resources – they can also face challenges in the form of political unrest, security issues and corruption. The last ten years have also shown that prosecutors and regulators (particularly in the US) are not deterred from tackling investigations of conduct in Africa, by the challenges of investigating there and further, that they are not prepared to accept claims that ‘that is how business is done here’.
