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GDA Advocates

Regime for the liberalization of capital operations and other foreign exchange operations

On 21 March 2024, the Bank of Mozambique published Notice No. 4/GBM/2024 in the Official Gazette. This notice establishes the regime for the liberalization of capital operations and other foreign exchange operations in Mozambique. It applies to all parties involved in for..

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FB Attorneys

Trustees’ Beneficial Ownership Rules Issued

On 29 February 2024, the Minister for Constitutional and Legal Affairs issued procedures for submission of information of Beneficial Ownership vide the Trustees’ Incorporation (Transparency of Beneficial Ownership) Rules 2024, GN No. 139A of 2024. These Rules impose manda..

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ALN

Analysis of the Key Provisions and Implications of the Affordable Housing Act, 2024

The Affordable Housing Act, 2024 was gazetted on 19 March 2024 after being signed into law by the President on the same date. The Act serves to implement constitutional mandates regarding the right to accessible and adequate housing and sanitation standards while establis..

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Webber Wentzel

The Competition Commission publishes revised Public Interest Guidelines

On 20 March 2024, the Competition Commission of South Africa published revised Public Interest Guidelines relating to merger control. The Revised Guidelines follow the Draft Public Interest Guidelines, which were published for public comment in October 2023. Although the ..

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LEX Africa

The enhancement of Competition and Consumer Protection regulation in Zambia by the new amendments to the Competition and Consumer Protection Act

On 26 December 2023, the Competition and Consumer Protection (Amendment) Act No. 21 of 2023 was passed into law, effectively amending various provisions of the Competition and Consumer Protection Commission Act No. 24 of 2010. The new changes to the Principal Act are the ..

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OneLegal

Angola: Money Laundering, Terrorism Financing and Proliferation of Weapons of Mass Destruction

By way of Order 2/24, of 22 March 2024, the Angolan Central Bank (BNA) adopted the regulations for implementation of Law 5/20, of 27 January 2020, on the Prevention and Combating of Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction app..

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Dentons

A review of the draft Nigerian Not-For-Profit Governance Code 2023

The Financial Reporting Council of Nigeria recently released an exposure draft of the Nigerian Not-For-Profit Governance Code, 2023 and called for input from the public on the proposed Code. The proposed Code is the outcome of deliberations of the Technical Working Group ..

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B&P Associates

Disclosure Of Impropriety In Light Of The Whistleblowers Act, 2006 (Act 720

In the pursuit of justice and the preservation of ethical standards within society, the Whistleblowers Act, 2006 (Act 720) in Ghana stands as a pivotal legal instrument. This Act provides a framework for individuals to disclose instances of impropriety, safeguarding them ..

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Bowmans

Namibia: The Virtual Assets Act 10 of 2023 – What should you know?

The Virtual Assets Act 10 of 2023 was brought into force on 25 July 2023. With the promulgation and coming into force of the VAA, many had the hope that the Act would shed some light on questions such as, may one legally own, possess or trade Bitcoin, what the rules for t..

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