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HRA Advogados

Competition Regulatory Authority of Mozambique: enforcement priorities

The Competition Regulatory Authority of Mozambique (“CRA”) was originally established in
2013. However, the CRA only became operational this year, in particular following the amendment of its Organic Statute, the appointment of ..

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Bowmans

Stricter reporting and enforcement on local empowerment in Africa

All indications are that more stringent reporting and enforcement of local empowerment requirements are on the way across much of Sub-Saharan Africa.

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Bowmans

Competition and Consumer Protection Commission levies maximum penalties for anti-competitive trade practices in the cement industry

Zambia’s Competition and Consumer Protection Commission (Commission) has fined Lafarge Zambia plc (Lafarge) and Mpande Limestone Ltd (Mpande) 10% of their annual turnovers in 2019 and 2020, following findings that these c..

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Webber Wentzel

COMESA issues first-ever merger-related fine - the time for soft enforcement is over

On 6 September 2021, the COMESA Competition Commission (CCC) issued its first fine for failure to notify a transaction to the CCC within the prescribed time period under Article 24 (1) of the COMESA Competition Regulations of 2004 (Regulations). The fine was imposed in re..

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HRA Advogados

The Competition Regulatory Authority of Mozambique becomes operational

Decree No. 6/2021, of 23 February, amending the Statute of the Competition Regulatory Authority of Mozambique (Autoridade Reguladora da Concorrência/“ARC”), has recently been published.

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Cliffe Dekker Hofmeyr

Crypto assets: Current and future tax and exchange control considerations

Crypto assets are a young and boisterous part of the current financial landscape. Recent developments point to crypto assets becoming an entrenched, although still volatile, part of the global financial system. A prime exam..

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Fasken

Enhanced protection for financial customers: Proposed amendments to the 2017 Policyholder Protection Rules

The Financial Sector Conduct Authority (“FSCA”) has announced certain proposed amendments to the Policyholder Protection Rules (“PPRs”) for both life and non-life insurance. 

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Kampala Associated Advocates

Reviewing The Conflicting Legal And Institutional Framework For Sacco’s In Uganda

In Uganda, Savings and Credit Co-operatives (SACCOs) have for a long time been part of the Cooperative movement and regulated under the Ministry of Trade and Cooperatives. However, ..

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AXIS and BLC Robert

The Finance Act 2021 Series Part 3 – Business Vehicles

The Finance (Miscellaneous Provisions) Act 2021 was gazetted on 05 August 2021 and it brings into force a number of amendments to the legislations in Mauritius. This segment of the joint Axis and BLC Robert Finance Act series set..

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