Never miss a beat on Africa's legal and regulatory landscape.
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..
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..
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.
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..
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.
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..
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..
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..
This article aims to highlight key changes brought forth by the Capital Markets and Securities (Investment - Based Crowdfunding) Guidelines (the Guidelines). The Guidelines came into force through Government Notice No. 732 of 2023 published on 13 October 2023, and apply t..
