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ǼLEX

CBN Lifts ‘Ban’ on Crypto Banking Transactions

In a notable development, the Central Bank of Nigeria (CBN) reversed its stance on cryptocurrency transactions on December 22nd, 2023, by issuing the “Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPs).” This decision marks the cessatio..

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ENSafrica

The National Assembly passes Public Procurement Bill: A giant leap towards procurement reform

Public procurement processes in South Africa have long been in need of an update.  After 24 years under the current legal framework, the courts have developed a rich body of case law as government departments and state-owned enterprises have contracted for good..

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Pavestones

Guidance on Filing of Data Protection Compliance Audit Returns in Nigeria

The Nigeria Data Protection Commission (NDPC) recently issued a Guidance Notice (the“Notice”) on the filing of data protection Compliance Audit Returns (CARs) ahead of the next cycle for the filing of CARs in 2024. The Notice provides information and instructions for data..

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Bentsi-Enchill, Letsa & Ankomah

Setting an Ex Parte Order aside through an Ex Parte Application – The Standards are the Same

On 25 October 2023, the High Court in Nuumo Emmanuel T Antia We 6 Others v Nii Adotey Otintor II Another(Suit No GJ/0034/2024), pursuant to an ex parte application, granted an order of interlocutory injunction restraining the respondents from ‘handling, organizing, touchi..

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Webber Wentzel

New standard operating procedures for the investigation, search, access or seizure of cyber articles

The Standard Operating Procedures (SOPs) for the Investigation, Search, Access or Seizure of Articles in terms of section 26 of the Cybercrimes Act 19 of 2020 (CCA) were published by the Department of Police on 6 October 2023.​ The CCA creates legal mechanisms to address ..

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Cliffe Dekker Hofmeyr

The Social Health Insurance Act and its implications

In a Gazette Notice on 21 November 2023, the Cabinet Secretary for Health designated 22 November 2023 as the commencement date of the Social Health Insurance Act, 2023 (SHIA). This act repeals the National Health Insurance Fund Act, 1989 (NHIF Act) to establish a fr..

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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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Muvingi Mugadza

What the Zimbabwean 2024 financial budget entails for the mining community

The fiscal budget for 2024 comes at a time when the Zimbabwean government is focusing on keeping its promise of building a more fair society, consolidating stability, and driving economic progress coming from the theme “Consolidating Economic Transformation”. Amongs..

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Punuka

The Federal Republic of Nigeria v Process & Industrial Developments Limited

The lawsuit initiated by the Federal Republic of Nigeria (“FRN”) against Process Industrial Developments Limited in the Commercial Court stands out as one of the most substantial international disputes related to arbitral enforcement. The anticipated verdict holds the pot..

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