--- title: Afriwise Blog (41) description: (41) --- [![Afriwise](https://insights.afriwise.com/hubfs/Logos/Afriwise/Afriwise%20logo.svg)](https://afriwise.com/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [About Afriwise](https://afriwise.com/about-afriwise/) - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) - [Insights](https://insights.afriwise.com/blog) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) - [Products](https://afriwise.com/law-products-africa/) - [Countries](https://afriwise.com/countries-covered/) - [Solutions](https://afriwise.com/solutions/) - [About Afriwise](https://afriwise.com/about-afriwise/) - Insights - [Contact](https://afriwise.com/contact/) - [News](https://news.afriwise.com/) [Schedule a demo](https://afriwise.com/contact/) [Log in](https://afriwise.com/login/) # Welcome to Africa’s legal blog Never miss a beat on Africa's legal and regulatory landscape. - [Legislation (287)](https://insights.afriwise.com/blog/tag/legislation) - [South Africa (227)](https://insights.afriwise.com/blog/tag/south-africa) - [Nigeria (157)](https://insights.afriwise.com/blog/tag/nigeria) - [Kenya (151)](https://insights.afriwise.com/blog/tag/kenya) - [Financial Services (128)](https://insights.afriwise.com/blog/tag/financial-services) - [ICT (106)](https://insights.afriwise.com/blog/tag/ict) - [Tanzania (102)](https://insights.afriwise.com/blog/tag/tanzania) - [Regulation (87)](https://insights.afriwise.com/blog/tag/regulation) - [Corporate Commercial (84)](https://insights.afriwise.com/blog/tag/corporate-commercial) - [Tax (84)](https://insights.afriwise.com/blog/tag/tax) - [Case discussion (78)](https://insights.afriwise.com/blog/tag/case-discussion) - [Uganda (66)](https://insights.afriwise.com/blog/tag/uganda) - [Intellectual Property (58)](https://insights.afriwise.com/blog/tag/intellectual-property) - [Energy & Natural Resources (57)](https://insights.afriwise.com/blog/tag/energy-natural-resources) - [Ghana (55)](https://insights.afriwise.com/blog/tag/ghana) - [Employment and labour (52)](https://insights.afriwise.com/blog/tag/employment-and-labour) - [Data Protection (49)](https://insights.afriwise.com/blog/tag/data-protection) - [Mozambique (49)](https://insights.afriwise.com/blog/tag/mozambique) - [Commercial Crime (48)](https://insights.afriwise.com/blog/tag/commercial-crime) - [Competition/Antitrust (48)](https://insights.afriwise.com/blog/tag/competition-antitrust) - [Dispute Resolution (47)](https://insights.afriwise.com/blog/tag/dispute-resolution) - [Mauritius (46)](https://insights.afriwise.com/blog/tag/mauritius) - [Environment (44)](https://insights.afriwise.com/blog/tag/environment) - [Zambia (38)](https://insights.afriwise.com/blog/tag/zambia) - [Projects and Procurement (26)](https://insights.afriwise.com/blog/tag/projects-and-procurement) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Tax](https://insights.afriwise.com/blog/tag/tax) [Legislation](https://insights.afriwise.com/blog/tag/legislation) [Udo Udoma & Belo-Osagie](https://insights.afriwise.com/blog/author/udo-udoma-belo-osagie) ## [FIRS announces effective date for Finance Act 2023](https://insights.afriwise.com/blog/firs-announces-effective-date-for-finance-act-2023) In a recent update, the Federal Inland Revenue Service (“FIRS”) officially communicated the revised effective date for the implementation of the Finance Act 2023 ( “the Act”). This update by the FIRS follows the deferment of the commencement of the Act by the Finance Act .. [Read More](https://insights.afriwise.com/blog/firs-announces-effective-date-for-finance-act-2023) [Fintech](https://insights.afriwise.com/blog/tag/fintech) [Afriwise](https://insights.afriwise.com/blog/author/afriwise) ## [Unlocking the World of FinTech: A Glossary for Corporate Lawyers](https://insights.afriwise.com/blog/unlocking-the-world-of-fintech-a-glossary-for-corporate-lawyers) In this comprehensive glossary, we demystify the jargon, acronyms, and concepts that define the fintech universe. [Read More](https://insights.afriwise.com/blog/unlocking-the-world-of-fintech-a-glossary-for-corporate-lawyers) [Corporate Commercial](https://insights.afriwise.com/blog/tag/corporate-commercial) [South Africa](https://insights.afriwise.com/blog/tag/south-africa) [Legislation](https://insights.afriwise.com/blog/tag/legislation) [Fluxmans](https://insights.afriwise.com/blog/author/fluxmans) ## [Companies Second Amendment Bill: DTIC moves on Zondo recommendations](https://insights.afriwise.com/blog/companies-second-amendment-bill-dtic-moves-on-zondo-recommendations) On 14 August 2023 a notice was published in the Government Gazette to introduce two Amendment Bills to the Companies Act. [Read More](https://insights.afriwise.com/blog/companies-second-amendment-bill-dtic-moves-on-zondo-recommendations) [Mauritius](https://insights.afriwise.com/blog/tag/mauritius) [Tax](https://insights.afriwise.com/blog/tag/tax) [Legislation](https://insights.afriwise.com/blog/tag/legislation) [Venture Law](https://insights.afriwise.com/blog/author/venture-law) ## [Finance (Miscellaneous Provisions) Act 2023](https://insights.afriwise.com/blog/finance-miscellaneous-provisions-act-2023) Following the presentation of the National Budget for Mauritius for the financial year 2023-2024, the Finance (Miscellaneous Provisions) Act 2023 was enacted on 20th July 2023 to translate some of the proposed measures into law.  [Read More](https://insights.afriwise.com/blog/finance-miscellaneous-provisions-act-2023) [Kenya](https://insights.afriwise.com/blog/tag/kenya) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [ICT](https://insights.afriwise.com/blog/tag/ict) [Kaplan & Stratton](https://insights.afriwise.com/blog/author/kaplan-stratton) ## [Government abolishes 30% local shareholding requirement for ICT sector](https://insights.afriwise.com/blog/government-abolishes-30-local-shareholding-requirement-for-ict-sector) Kenya’s ICT sector is set to receive a major boost  following the recent removal of mandatory local shareholding requirements by the Cabinet Secretary for Information, Communications, and Digital  Economy. The move is aimed at enhancing the country's digital eco.. [Read More](https://insights.afriwise.com/blog/government-abolishes-30-local-shareholding-requirement-for-ict-sector) [Nigeria](https://insights.afriwise.com/blog/tag/nigeria) [Energy & Natural Resources](https://insights.afriwise.com/blog/tag/energy-natural-resources) [Legislation](https://insights.afriwise.com/blog/tag/legislation) [Electricity](https://insights.afriwise.com/blog/tag/electricity) [Udo Udoma & Belo-Osagie](https://insights.afriwise.com/blog/author/udo-udoma-belo-osagie) ## [The Nigerian Electricity Act 2023: Illuminating the path towards Power Sector transformation in Nigeria](https://insights.afriwise.com/blog/the-nigerian-electricity-act-2023-illuminating-the-path-towards-power-sector-transformation-in-nigeria) Prior to 2005, the Nigerian power sector was largely government-owned. With the enactment of the Electric Power Sector Reform Act in 2005 (“EPSRA”), this monopoly was unbundled and the sector was reformed with the privatisation of the generation and distribution segments .. [Read More](https://insights.afriwise.com/blog/the-nigerian-electricity-act-2023-illuminating-the-path-towards-power-sector-transformation-in-nigeria) [Ghana](https://insights.afriwise.com/blog/tag/ghana) [Tax](https://insights.afriwise.com/blog/tag/tax) [Legislation](https://insights.afriwise.com/blog/tag/legislation) [Bentsi-Enchill, Letsa & Ankomah](https://insights.afriwise.com/blog/author/bentsi-enchill-letsa-ankomah) ## [Key Changes Under the Income Tax (Amendment) Act, 2023 (Act 1094)](https://insights.afriwise.com/blog/key-changes-under-the-income-tax-amendment-act-2023-act-1094) The Income Tax (Amendment) Act, 2023 (Act 1094) (the Income Tax Amendment) was enacted on 31 March 2023 and became effective on 3 April 2023, following presidential assent and its publication in the gazette. The purpose of this update is to highlight and comment on the ke.. [Read More](https://insights.afriwise.com/blog/key-changes-under-the-income-tax-amendment-act-2023-act-1094) [Tanzania](https://insights.afriwise.com/blog/tag/tanzania) [Foreign Investment](https://insights.afriwise.com/blog/tag/foreign-investment) [Regulation](https://insights.afriwise.com/blog/tag/regulation) [Clyde & Co.](https://insights.afriwise.com/blog/author/clyde-co) ## [Tanzania: Updater on the New Investment Regulations GN No. 477 of 2023](https://insights.afriwise.com/blog/tanzania-updater-on-the-new-investment-regulations-gn-no.-477-of-2023) In a bid to bolster domestic investments and promote economic growth, the Government of Tanzania (the GoT) recently revoked the Tanzania Investment Regulations, 2002 (the TIR) and enacted the Tanzania Investment Regulations GN No. 477 of 2023 (the New Investment Reg.. [Read More](https://insights.afriwise.com/blog/tanzania-updater-on-the-new-investment-regulations-gn-no.-477-of-2023) [Kenya](https://insights.afriwise.com/blog/tag/kenya) [Financial Services](https://insights.afriwise.com/blog/tag/financial-services) [Know Your Customer](https://insights.afriwise.com/blog/tag/know-your-customer) [MWC Legal](https://insights.afriwise.com/blog/author/mwc-legal) ## [An analysis on Negligence in Loan Disbursements by Banks](https://insights.afriwise.com/blog/an-analysis-on-negligence-in-loan-disbursements-by-banks) The High Court, in a landmark Judgment delivered on 26th May, 2023 in the case of Gulf African Bank Limited v Atticon Limited and 4 others (Comm. Case No. E086 Of 2019 ) held that a bank must conduct an official search from the Companies Registry to fulfil it’s Know Your Cus.. 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