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

Bowmans

South Africa: Positive developments on proposed amendments to the Companies Act

Following the hearing of public comment on the proposed amendments to the Companies Amendment Bills published in September, revised drafts of the Bills have now been sent to the National Counsel of Provinces. 

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Bowmans

Proposed Guidelines on the Approach to Public Interest in Merger Control

The Competition Commission (Commission) has published Draft Amended Public Interest Guidelines relating to Merger Control (Guidelines). The Guidelines are aimed at providing clarity to businesses and practitioners on the Commission’s approach to the assessment of the..

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Bowmans

South Africa: The end of maternity leave

On 25 October 2023, the Gauteng Division of the High Court of South Africa in the matter between Van Wyk Others v The Minister of Employment and Labour delivered a judgment which may, for the interim, abolish maternity leave as provided for in the Basic Conditions of Empl..

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Bowmans

Tanzania: The Fintech Regulatory Sandbox Regulations 2023

The Bank of Tanzania (BoT) has recently issued draft regulations for establishing a Regulatory Sandbox, the Fintech Regulatory Sandbox Regulations 2023. The Regulations aim to create a conducive environment for innovative fintech to be test..

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Bowmans

Kenya: The Medium-Term Revenue Strategy

The Ministry of National Treasury and Economic Planning (the National Treasury) has released the Medium–Term Revenue Strategy MTRS or the Strategy) for the financial years 2024/25 – 2026/27. The newly released MTRS is dubbed “An Approach for Enhancing Domestic Revenue.” T..

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Bowmans

Development of Carbon Project and Trading Legal Framework: Enactment of the Climate Change (Amendment) Act, 2023

The Climate Change (Amendment) Act, 2023 (the Act) was enacted on 1 September 2023 and came into force on 15 September 2023. It is worth mentioning that both Houses of Parliament passed the Act with minimal amendments and the enacted law ..

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Bowmans

Amendment to the Foreign Exchange Regulations

In a significant development, the Foreign Exchange Regulations, initially published in May 2022, have undergone crucial amendments through the Foreign Exchange (Amendment) Regulations, 2023, published on 1 September 2023 via Government Notice ..

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Bowmans

South Africa: Amendments to the Companies Act

The long-awaited amendments to the Companies Act have made their way into Parliament and will likely be promulgated imminently.

 

The amendment Bills are largely similar to previous drafts. The most material changes simply add clarity or relax require..

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Bowmans

Kenya: The Water (Amendment) Bill, 2023: Harnessing private investment for financing water sector projects

The recently published Water (Amendment) Bill, 2023 (the Bill) seeks to promote private investment in the water sector through the public-private partnerships (PPPs) model. The amendments seek to achieve this by expanding the remit of national government entities such as ..

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