Never miss a beat on Africa's legal and regulatory landscape.
The High Court held the in duplum rule in Section 44 of the Banking Act does not apply to non-deposit taking microfinance institutions.[i] The rule limits interest accrual to equal the principal amount outstanding when a loan becomes non-performing. We a..
On March 17, 2023, an Act to alter certain provisions of the 1999 Constitution of the Federal Republic of Nigeria (the “1999 Constitution”), to allow constituent states within the Nigerian federation (the “States”) to generate, transmit, and distribute electricity in area..
The Competition and Consumer Protection Commission (CCPC) has initiated a market inquiry into the pay television services market in Zambia as it has reason to believe that there are features present within this sector that may pre..
The Namibian Long-Term Work Permit is issued for two years and can be renewed by another two years. There are no separate categories for special skills, extraordinary skills, intra-company transfers, etc; the Long-Term Work Permit covers all of these.
The South African Reserve Bank (SARB) announced the establishment of the Corporation for Deposit Insurance (CODI) – the first bank deposit insurance body in South Africa – in its media statement dated 3 April 2023 (Media Statement).
As foreign investment into Tanzania continues to soar, companies are focusing on the work permit and immigration system in order to ensure that the most efficient application process is followed. Foreigners who intend to reside in Tanzania for investment, business, employ..
On 24 February 2023, the Financial Action Task Force (FATF) took the decision to include South Africa on its "grey list", thereby classifying it as a jurisdiction under increased monitoring. This decision follows the mutual evaluation report published by the FATF in..
On the 7th of March 2022, the High Court considered the principle of the right to privacy and dignity. In the suit, the Plaintiff claimed a sum of Tshs 800,000,000 as damages for unlawfully using her pictures in marketing and promoting the Defendant's business witho..
On 29 March 2023, the DHA provided a new blanket temporary extension of foreign nationals' current visa status from 31 March 2023 to 31 December 2023 for those awaiting the outcomes of their visa and waiver applications.
