02.08.2013 Australia plan to tax bank deposits +++ 02.08.2013 Altech's expensive expansion to Africa lessons +++ 02.08.2013 Liberty takes hands-on approach in Nigeria +++ 02.08.2013 Maputo is beeming with car exports +++ 02.08.2013 Fitch affirms South African banks +++ 02.08.2013 Shell profits plunge on US shale write-down, Nigeria +++ 02.08.2013 No blind dates for communications in Africa +++ 02.08.2013 Scan shows new market +++ 01.08.2013 Libya oil exports plunge as protesters block terminals +++ 01.08.2013 Funding for 50 The Fish & Chip Co. outlets announced +++ 31.07.2013 World Bank mobilized record support for African growth in FY13 +++ 31.07.2013 Hunger costs Swaziland 3% of GDP +++ 31.07.2013 Gold Fields appoints new head for West Africa +++ 31.07.2013 Absa not planning further BEE deals‚ other acquisitions +++ 30.07.2013 Absa drops more than 4% on special dividend +++ 30.07.2013 Massmart opens second Builders Warehouse in Botswana +++ 29.07.2013 EIB urges Slovenia to speed up use of loan +++ 29.07.2013 Kenyan, Nigerian banks do well on share price returns +++ 26.07.2013 Absa rumoured to be planning a special dividend +++ 26.07.2013 Citibank targets revenue growth in Africa +++ 19.07.2013 Absa to launch gold ETF in Mauritius next week +++ 12.07.2013 FirstRand offer for Ghana’s MBG lapses +++ 09.05.2013 Alexander Forbes completes sale of Kenya healthcare business +++ 29.04.2013 From just a dollar, Kenya's cellphone bank gives loans +++ 10.04.2013 FNB to facilitate remittances to Zimbabwe from SA +++ 06.03.2013 Econet to open Hillbrow outlet for Zimbabwean users +++ 25.02.2013 Absa shareholders approve BarclaysAfrica deal +++ 07.02.2013 RMB Nigeria opens for business in Lagos +++ 18.01.2013 NWK spins into Zambia +++ 15.01.2013 Absa makes 3 new senior appointments +++
ADC’s principles of conducting business in Africa are based upon the standards of good management and control, transparency and accountability set out by the German Corporate Governance Code.
For each of ADC’s African investments, the company aims to ensure that best practices are implemented in all aspects of business dealings, including social, environmental, sound corporate governance and transparent accounting practices.
ADC sees private equity investments as the route for creating world-class businesses in frontier markets and simultaneously helping the private sector to deliver on its responsibility to make a positive contribution to civic society.
ADC does not agree with corrupt practices and will not support it in any way. ADC has the following additional guidelines in place that maximise transparency in all business dealings:
- All services provided to ADC by external entities/consultants need to be approved by the CEO as well as a second ADC manager and require a detailed description of each service delivered as well as their related costs
- All investments above EUR 500,000 need the approval of the Management Board in Germany, all investments above EUR 1 million need Supervisory Board approval
- At the group level, all contracts need to have dual signatories by the Managing Directors (if more than one) or appointed proxies
ADC and its portfolio companies will comply with all applicable laws, commit to continuous improvements with respect to management of the environment, social matters and governance, and work to apply all relevant international best practice standards.
Key behavioural principles of ADC include:
- To respect the dignity and well-being of all our people and those with whom the business brings us into contact
- To operate professionally in a performance-orientated culture and be committed to continuous improvement
- To be open and honest in all our dealings, while respecting commercial and personal confidentiality
- To be good corporate citizens, demonstrating integrity in each business and community in which ADC operates
- To be objective, consistent and fair with all our stakeholders