Amendments to FICA adding new accountable institutions to the Schedule were published on 29 November 2022. These came into effect on 19 December 2022, ahead of the possible grey-listing of South Africa by the Financial Action Task Force.
Never miss a beat on Africa's legal and regulatory landscape.
Amendments to FICA adding new accountable institutions to the Schedule were published on 29 November 2022. These came into effect on 19 December 2022, ahead of the possible grey-listing of South Africa by the Financial Action Task Force.
There has been a lot of interest in the activities of investment technology companies (investTech) as some of them have been utilising platforms offering securities of foreign companies to investors in Nigeria. However, these platforms have had to contend with regulators ..
Fintech in Zambia is governed by various pieces of legislation, depending on the type of financial service offered. There is no single piece of legislation that governs the entire fintech industry. Generally, fintech is governed by the same laws that govern traditional fi..
On 28 October 2022, the Minister of State, Vice President’s Office, Union and Environment published the Environmental Management (Control and Management of Carbon Trading) Regulations, 2022 under Government Notice No. 636 of 2022 signalling Tanzania’s formal participation..
In January 2023, the Office of the Data Protection Commissioner delivered one of its first rulings under the Data Protection Act, 2019 since the commencement of its operations. The complaint pitted the partners of a firm, Allen Waiyaki Gichuhi and Charles Wamae against tw..
Electric Mobility means the use of electric power sources to power transport infrastructure. Global calls for action to address the adverse effects of climate change and increased awareness of sustainability issues have contributed significantly to the development and ado..
Following the recent amendments passed on 01st July 2022 that saw the establishment of Digital Service Tax (DST) to non-resident electronic service providers in the Income Tax Act, 2004 and the Value Added Tax Act, 2014, the Tanzania Revenue A..
The Board of Commissioners of the Zambian Competition and Consumer Protection Commission (CCPC) has fined Airtel Money, a mobile money service provider, and Avian Ventures Ltd, an agro-retail business trading as Farm Depot Zambia, 3% of their ..
Since the withdrawal of Practice Note 2, confusion has reigned as to the manner in which the SARS would apply the newly amended transfer pricing provisions in section 31 of the Income Tax Act, 58 of 1962 to intra-group loans. The only indication of the SARS view on ..