Tag Archives: declines

Privy Council declines to review St Kitts-Nevis 2004 election petition decision

Rupert Herbert

BASSETERRE, St Kitts — The Privy Council in London has declined to hear an appeal by St Kitts and Nevis minister of tourism and international trade, Lindsay Grant, challenging a decision by the Eastern Caribbean Court of Appeal in an election petition case he brought against then St Kitts-Nevis Labour Party representative Rupert Herbert, following the 2004 general elections.

“Having considered written submissions from the parties, we have agreed to report to Your Majesty as our opinion that permission cannot be granted because under 36 (7) of the Constitution there is no jurisdiction to appeal to the Privy Council,” the Judicial Committee of the Privy Council ruled.

In the October 10 ruling, the Privy Council also ordered Grant to pay Herbert’s…

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Black Unemployment Rate Ticks Up While Homeownership Declines

The national unemployment rate for African Americans inched up in June to 6.5%, after hitting an all-time low of 5.9% in May. While this is the second …
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South African M&A activity declines in H1

Merger and acquisition (M&A) transactions in South Africa declined in terms of both volume and value of domestic and cross-border deals, according to analysis by law firm Baker McKenzie.

Transactions fell by 44% and 52% in terms of volume and value, respectively, in the first half of this year, with 135 deals worth $3.2-billion signed, compared with the 243 deals worth $6.6-billion signed in the first half of 2017.

“There are a number of elements causing the M&A market contraction in South Africa. We should not underestimate the impact of corruption and suboptimal governance in South Africa on the mood of investors [locally and internationally],” says Baker McKenzie managing partner and corporate/M&A practice head Morne van der Merwe.

He adds that it has proved all too easy for business…

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Trump declines to retract his controversial Africa comment, issues new trade demands

When the crude insult was first reported, it enraged African leaders and sparked protests for days. But when U.S. President Donald Trump was offered a clear opportunity on Monday to retract or deny his alleged description of African nations as “shithole countries,” he seemed unrepentant.

“You do have some countries that are in very bad shape and very tough places to live in,” Mr. Trump told a press conference, standing beside Nigerian president Muhammadu Buhari, the first African leader that he has hosted at the White House.

Mr. Trump and Mr. Buhari said they had not discussed the controversial comment in their private meeting at the White House on Monday, but Mr. Trump offered no apology for the comment, which was allegedly made during discussions on immigration policy last January.

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.

Economic Partnership Agreement: Nigeria declines to sign West Africa-EU free trade deal

Story highlights

  • Nigeria declines to sign Economic Partnership Agreement
  • Deal aims to bring West Africa-EU trade agreement
Nigerian President Buhari is yet to sign the Economic Partnership Agreement (EPA), which aims to establish a free trade area between 16 West African countries (and Mauritania) and the European Union.

In a statement delivered in the Nigerian capital Abuja Thursday, the Nigerian president said he didn’t sign to protect national industries and the country’s youth population.

“Our industries cannot compete with the more efficient and highly technologically driven industries in Europe.”

“We are not enthusiastic about signing the EPA because of our largely youthful population,” he said.

The EPA plans to remove trade restrictions between ECOWAS (Economic Community of West Africa…

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*** This news item is 3rd party content and is included strictly for non-commercial informational purposes.