Never miss a beat on Africa's legal and regulatory landscape.
The Financial Services Commission, Mauritius (the “FSC”) is issuing the Financial
Services (Robotic and Artificial Intelligence Enabled Advisory Services) Rules 2021 (the
“Rules”) in line with the objectives of providing a conducive regulatory framework and
pr..
Technological disruption in the financial services sector has opened a new marketplace in Ghana to establish fintech companies.
“Open banking” involves the use of an application programming interface (“API”) and open-source technology to allow third-party developers, such as fintechs, to access data traditionally held by banks and develop applications or services around such data.
The Central Bank of Nigeria (the ‘’CBN’’) recently issued the Regulatory Guidelines on the
eNaira (the ‘’Guidelines’’). The Guidelines was issued pursuant to Section 19 of the Central
Bank of Nigeria Act, 2007 (“CBN Act”) and the Banks and Other Financial Institut..
In our February 3, 2020 article, we had written on the differences between a Mobile Money Operator (MMO) license, a Payment Service Bank (PSB) license and a Microfinance Bank (MFB) license. The article was aimed at supporting Fintechs in determining which of the existing ..
The Retirement Benefits Act 3 of 1997 (Retirement Benefits Act) is an act that establishes the retirement benefits authority and provides for the rules and guidelines that employers should comply with and employees should be aware of, with respect to retirement benefits s..
The Presidential Decree nr. 245/21, of October 4, regarding the Legal Regime of the Tax Identification Number, currently in force, aims, among others, to broaden the taxpayer base, establishing the procedures regarding the attribution, composition, obligatory mention, use..
On 10 March 2021, the European Parliament adopted a resolution “EU Resolution” and issued recommendations including a draft directive “EU Directive” in respect of the corporate due diligence and accountability of undertakings with business activities in the EU. Once the E..
The year 2021 will remain historic as the year in which Nigeria made unprecedented and spirited efforts towards the reform of its energy sector through various legislative and policy initiatives.
