Local content laws in Africa often lead to compliance challenges, particularly around fraud and corruption

Local content laws in Africa often lead to compliance challenges, particularly around fraud and corruption.

International companies may enter agreements with local firms tied to government officials, leading to overpriced or non-existent services. The Halliburton case in Angola is a prime example, where the company paid $29.2 million to settle after failing to follow procurement protocols when engaging a local firm. To avoid such risks, companies must conduct thorough due diligence, including background checks on local partners and robust compliance policies. Integrating cross-functional strategies can help ensure compliance without compromising business integrity.