An article published in Forbes and Mergermarket Group’s Policy and Regulatory Report (PaRR), details the White House’s efforts to invest more in Africa on the curtails of 50 African heads of state departed from Washington, DC after a three-day summit to discuss business opportunities.

Amidst the visit, the Securities & Exchange Commission (SEC) has been investigating a Texas-based mine company for “potentially violating the Foreign Corrupt Practices Act (FCPA) – the US anti-bribery statute, [revealing that] Africa remains a risky place for American companies to do business.”

Buchanan Ingersoll & Rooney Shareholder Matthew J. Feeley told the publication that US authorities could cast a “better eye” on the situation by utilizing a local partner in an effort to encourage companies to do business overseas. 

Read the full article in Forbes - "Africa Corruption Risk Remains Despite White House Investment Push" (Forbes, August 29, 2014)

This article “Africa FCPA Risk Remains Despite White House Investment Push” appeared in PaRR, a subscription-only service.