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

Clyde & Co.

Kenyan labour laws: Current jurisprudence on the right to strike in the essential service sectors

A cursory glance at the fundamental rights and freedoms set out in the bill of rights in the Constitution of Kenya 2010 (the Constitution) may lead a person to conclude that all workers have a constitutional right to engage in a lawful strike. But is this the correct posi..

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Clyde & Co.

Kenya Bolsters AML and CFT Regulation Framework with Anti-Money Laundering and Combating of Terrorism Financing Laws (Amendment) Act

The Anti-Money Laundering and Combating of Terrorism Financing (AML and CFT) Laws (Amendment) ACT, 2023 was assented into law on the 1st of September 2023 and came into force on 15th September 2023. The Act is testament to Kenya’s continued commitment to combating illicit..

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Clyde & Co.

Banking and Financial Institutions (Compulsory Liquidation) Regulations, 2024

In a bid to enhance the regulatory framework governing banks and financial institutions, the Bank of Tanzania has recently enacted the Banking and Financial Institutions (Compulsory Liquidation) Regulations, 2024. The Regulations, published under Section 71 of the Banking..

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Clyde & Co.

Real Estate update on recent changes in the premium and capital gain tax rated to property

This article discusses the recent changes in the premium and capital gain tax rates for property related transactions in Tanzania. These changes stem from amendments to the Land (Fees) (Amendment) Regulations and the Finance Act No. 2 of 2023.

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Clyde & Co.

Competition Authority of Kenya Imposes USD 6.8M Penalty on Alleged Abuse of Buyer Power

The Competition Authority of Kenya, in a recent decision, has fined a major player in the retail sector approx. USD 6.8M for abuse of buyer power. The freedom of parties to freely negotiate the terms under which they are willing to enter into a contract with each other re..

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Clyde & Co.

Transition to Interest Rate-Based Monetary Policy in Tanzania

As of January 2024, the Bank of Tanzania (BOT) has made a significant shift in its monetary policy framework, transitioning from a focus on the quantity of money (monetary aggregates) to an interest rate-based approach.

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Clyde & Co.

Understanding Registered Users of Trade and Service Marks in Mainland Tanzania

A registered user is a concept that allows businesses or individuals to legally utilise a trademark that they have not originally registered. This system fosters collaboration and allows for the controlled expansion of a brand's presence. Tanzanian trademark laws re..

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Clyde & Co.

The Amendments to the Tanzania Carbon Trading Regulations, 2023

In 2022, the Government of Tanzania made a formal step towards the inclusion and promotion of carbon trading in Tanzania by issuing the Environmental Management (Control and Management of Carbon Trading Mechanisms) Regulations, Government Notice Number (G.N No.) 636 of 20..

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Clyde & Co.

The Capital Markets and Securities (Corporate and Subnational Sukuk Bonds) Regulations, 2023

The regulations aim to regulate and provide guidance for Sukuk business operations in the United Republic of Tanzania, including supervisory mechanisms, operational standards, and disclosure requirements, with the broader goal of diversifying alternative financing product..

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