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

Muvingi Mugadza

Overview of The New Currency Changes in Zimbabwe

On Friday the 5th of April 2024, the President of Zimbabwe through Statutory Instrument 60 of 2024 Presidential Powers (Temporary Measures) (Zimbabwe Gold Notes and Coins) Regulations 2024, passed into law a new currency law. The new currency introduced is to be known as ..

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Webber Newd

Lesotho's Competition Act, 2022: On the Verge of Implementation

The publication of the Competition Act, 2022 marked a significant milestone in Lesotho's economic landscape. Previously, the Kingdom of Lesotho relied on common law principles to address instances of unfair competition, resulting in inadequate enforcement against anti-com..

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ENS

Unlocking opportunities: Mozambique’s new Investment Law and Regulations

As one of Africa's emerging economies, Mozambique offers abundant opportunities for domestic and foreign investors alike. In a bid to enhance a conducive environment for investment to continue fostering economic growth and development, Mozambique recently has updated its ..

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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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ALN

Guidelines for Employment Termination on Medical Grounds

In Kenya’s dynamic employment landscape, terminating employees on medical grounds poses significant challenges for employers as employers must weigh between productivity and being sensitive in the face of medical incapacity. While the Employment Act, 2007 provides criteri..

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Templars

Central Bank of Nigeria (CBN) New Minimum Capital Requirements for Banks

On 28 March 2024, the Central Bank of Nigeria revised the minimum capital requirements for banks aimed at strengthening the Nigerian financial system and actualizing the Nigerian Government’s objective to achieve a US$1 trillion economy in gross domestic product terms by ..

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LEX Africa

2023 Under Review – Policy and Legislative Developments

The year 2023 saw policies, legislation and judicial decisions that affected businesses and individuals. This report provides insight into some of these developments in 2023 and the outlook for 2024 for some sectors or areas.

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ENS

Key considerations and compliance challenges as South Africa introduces new "failure to prevent corrupt activities offence" in section 34A of the Prevention and Combating of Corrupt Activities Act

A significant recommendation of the State Capture Commission, the introduction of a failure to prevent corruption offence, has been introduced in South Africa with effect from 3 April 2024. The Judicial Matters Amendment Bill was passed by the National Council of Province..

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Sal & Caldeira Advogados

Beneficiary Owner Registration Under the New Regulation on the Registration of Legal Entities

With the entry into force on 8 March 2024 of the New Regulation on the Registration of Legal Entities, recently approved by Decree-Law no. 1/2024, of 8 March, all companies, consortia, representations of national or foreign entities must, within 90 days from 8 March 2024,..

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