The Next Frontier for Finance Leasing in sub-Saharan Africa

This paper critically discussed the controversial avoidance of the equipment lease transactions from the Central Bank of Nigeria (CBN) Regulation of Secured Transactions Law. It gives a detailed account of the importance of equipment leasing in sub-Saharan Africa and developing countries, and why the CBN has failed to address the issue of access to finance by omitting this key element from its scope. It considers the utility of UNCITRAL’s Legislative Guide on Secured Transactions and the UNCITRAL Registry Guide as benchmarks for the reform of equipment leasing in sub-Saharan Africa using Nigeria as a focus country. a wholesale reform of equipment leasing in sub-Saharan Africa

Exporting the Luxembourg Rail Protocol to the Convention on International Interests in Mobile Equipment to Africa

This article recommends the Cape Town Convention on International Interests in Mobile Equipment and appeals to African countries to accede to the Luxembourg Protocol on Railway Rolling Stock (Rail Protocol). The discussion in this article focuses on the extent to which Article XXII of the Rail Protocol can be applied with respect to Africa. The article critically analyses the competence of the African Economic Community (AEC) and its sub-regional organizations to accede to the Cape Town Convention and Rail Protocol. The author provides a detailed argumentative analysis of the legal mandate of the AEC and the influence of African Union (AU) laws on the competence of the AEC’s sub-regional organizations to make declarations under the Cape Town Convention and Rail Protocol. The analysis confirms that competence to accede to the Convention and Rail Protocol resides with sovereign States in Africa and not with the AU, the AEC, the Organisation pour l’harmonisation en Afrique du Droit des Affaires, or any existing sub-regional organization in Africa