Sustineri Attorneys

According to a recent news report by the B&FT newspaper, the Office of the Registrar of Companies (ORC) reports that as of February 27, 2023, only 25.8% out of 287,189 registered companies have updated their beneficial ownership (BO) information despite the repeated notices and the deadline for doing same having elapsed some three months ago. …

UPDATING BENEFICIAL OWNERSHIP INFORMATION OF COMPANIES: A JUSTIFIED CALL? Read More »

The evolution of financial technology (fintech) innovations in Africa is not in a vacuum. It is on the back of a historical financial service industry with tried and tested, regulated, and developed service providers – traditional banks that have provided financial services in various forms over time. The need to encourage new financial innovations in …

COLLABORATION BETWEEN TRADITIONAL BANKS AND FINTECH COMPANIES: THE GAME CHANGER TO DRIVE FINANCIAL INNOVATIONS AND INCLUSION IN AFRICA Read More »

The global financial sector witnessed the collapse of two (2) major technology-focused banks – Silicon Valley Bank (SVB) and Signature Bank last week. This has plunged the world into a state of frenzy regarding the true state of the global financial system, as many express the fear that all may not be well. Although the …

TECHNOLOGY STARTUPS FUNDING AT A CROSSROAD: ASSESSING THE IMPACT OF THE COLLAPSE OF SILICON VALLEY BANK (SVB) AND SIGNATURE BANK Read More »

Underlying every relationship, professional or business is the commitment to share information or documents which advance the purpose for the formation of such relationships. However, a disclosing party may expect a receiving party to keep some disclosed information either in the form of proprietary information, trade secrets, financial statements, operational manuals, product formulations, or service …

NON-DISCLOSURE AGREEMENTS AND THE TRINITY OF OBLIGATIONS: WHAT PARTIES NEED TO KNOW Read More »

Most Start-up founders use multiple avenues to raise funding for their businesses. These sources of funding are generally classified either as equity or debt financing. Equity financing involves raising funding through a share of ownership from new or existing shareholders (owners). On the other hand, debt financing occurs when a business borrows or secures funding …

FINANCING START-UPS THROUGH DEBT: AN ASSESSMENT OF A DEBENTURE OPTION IN GHANA Read More »

Human societies are always in a constant state of flux. As we continue to push the boundaries of progress, our relationship with nature and its bounty and protection has become increasingly strained. The acceleration of industrialization, technological advancement, and urbanization has led to environmental degradation, air and water pollution and depletion of natural resources, etc. …

THE NET ZERO AGENDA: THE CHALLENGES AND POSSIBILITIES IN GHANA Read More »

Incontestably, many businesses – small and big have collapsed or are facing imminent closures due to the effects of the current global economic crisis. At the local level, the crisis has resulted in high operational costs reflected in high-interest rates for loans/credits, the rising cost of raw materials, hyperinflation, and the depreciation of the local …

ALTERNATIVE FUNDING SOURCES FOR STARTUPS AND SMEs IN DIFFICULT ECONOMIC TIMES Read More »

It is allegedly reported that the Founder and CEO of “Dash” – a Fintech Start-up has been suspended pending an investigation into the operations of the company for financial impropriety. This is a Ghanaian-founded company that raised $32.8 million in equity last year and provides an alternative payment network with connected wallets permitting interactions between …

A GUIDE TO ENHANCING CORPORATE GOVERNANCE IN EARLY-STAGE START-UPS IN AFRICA Read More »

THE DEBT SITUATION IN GHANA In recent times, the discussion of debt and debt servicing arrangements has dominated our public discussions due to the ongoing efforts by the Government to restructure Ghana’s public debt through what has been described by industry players as “haircuts” under the Domestic Debt Exchange Program (DDEP) and its related initiatives …

DEBT AND DEBT RECOVERY: STRATEGIES AND APPROACHES FOR AN IMPROVED RECOVERY RATE Read More »

Over the years, the financial sector has been majorly influenced by technological and digital advancements through the adoption of innovative tools and processes in the products and services provided by this sector. Financial Technology (Fintech) powered by technological advances has altered the traditional financial landscape, challenging corporate giants that once dominated the mainstream banking service …

FINANCIAL TECHNOLOGY (FINTECH) – UNDERSTANDING THE BASICS Read More »