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Never miss a beat on Africa's legal and regulatory landscape.

Bowmans

South Africa: A new era for electricity supply – a Hybrid Market

On Thursday, 14 March, the Electricity Regulation Amendment Bill was passed by the National Assembly and has been sent to the National Council of the Provinces for consideration. This is a significant step towards the Bill being passed into law and therefore amending the ..

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Bowmans

Namibia: The Virtual Assets Act 10 of 2023 – What should you know?

The Virtual Assets Act 10 of 2023 was brought into force on 25 July 2023. With the promulgation and coming into force of the VAA, many had the hope that the Act would shed some light on questions such as, may one legally own, possess or trade Bitcoin, what the rules for t..

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Bowmans

Mauritius: Landmark decision – The Supreme Court of Mauritius rules on priority of creditors in receivership case

The priority of creditors paid out of the proceeds of the sale of the assets of a company in receivership was recently addressed in the judgment of Heeralall N. v The Director-General, The Mauritius Revenue Authority 2024 SCJ 56. In this case, the order of p..

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Bowmans

Mauritius: Landmark decision – Supreme Court revives Square Rock Ltd despite dissolution

The judgment in this significant case highlights the evolving nature of corporate law and judicial interpretation. It also marks a significant milestone in Mauritian corporate law, reaffirming the judiciary's commitment to fairness and equity.

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Bowmans

Kenya Introduces New Licensing Category to Regulate Private Equity and Venture Capital

The Cabinet Secretary for the National Treasury and Planning recently gazetted the Capital Markets (Alternative Investment Funds) Regulations, 2023, which took effect on 15 December 2023. These new regulations are an off-shoot of the Capital Markets (Collective Investment..

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Bowmans

Mauritius: Conservatorship in banking, 17 February 2024 – Bowmans [Financial services]

The Bank of Mauritius has placed Silver Bank Ltd under conservatorship in accordance with Section 65 of the Banking Act. The last time that a bank was put under conservatorship in Mauritius was BanyanTree Bank Ltd in 2020. Of note, the conservatorship of BanyanTree Bank L..

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Bowmans

South Africa: New draft regulations dealing with employment equity sectoral numerical targets released

On 1 February 2024, the Minister of Employment and Labour published new draft regulations dealing with the proposed sectoral numerical targets contemplated in section 15A of the Employment Equity Act, 1998 for public comment. This section was introduced by the amendments ..

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Bowmans

A few insights on navigating data breaches in Kenya under the Kenyan data protection law

In today’s digital age, where information flows at an unprecedented pace and is a major driving force behind economies and societies, data breaches have become a common concern for individuals and organisations alike. Cybersecurity threats and data breaches have surged gl..

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Bowmans

Kenya: Affordable Housing Bill

The Affordable Housing Bill, 2023 (the Bill) has been tabled before the National Assembly. The Bill comes against the backdrop of the High Court decision on the validity of the Affordable Housing Levy (the Levy) provided for in the Finance Act 2023, rendered on 28 Novembe..

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