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Never miss a beat on Africa's legal and regulatory landscape.

Udo Udoma & Belo-Osagie

An Overview of the SEC’s Framework on Accelerated Regulatory Incubation Programme for the onboarding of the VASPS and DISPS

The Securities and Exchange Commission has released a Framework on Accelerated Regulatory Incubation Programme (ARIP) for the Onboarding of Virtual Assets Service Providers (VASPs) and other Digital Investment Service Providers (DISPs).  The Framework was issued furt..

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Bentsi-Enchill, Letsa & Ankomah

Local Equity Participation: Capital Markets to the Rescue

Why are Local Equity Participation Requirements (LEPRs) important in Ghana's economy? How do we strike a strategic balance between upholding LEPRs and promoting critically required foreign direct investment (FDI)? How can the promotion of LEPRs be advanced in the context ..

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Webber Wentzel

Latest draft guidance for accountable institutions

The Financial Intelligence Centre (FIC) has recently published various pieces of guidance and draft guidance relating to beneficial ownership and the Risk Management and Compliance Programmes (RMCPs) of accountable institutions. The draft guidance is currently undergoing ..

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FB Attorneys

Minister Issues Notice on Waiver of Late Filing Fee for Company Documents

On 24 May 2024, the Minister for Investment, Industry and Trade issued a Government Notice regarding Waiver of Late Filing Fee of Companies Documents at BRELA via Government Notice No. 410.

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ALN

Significant Changes for Not-for-Profits as PBO Act Comes into Effect After 11 Years

Without any forewarning, the current administration operationalised the 11 years old, Public Benefits Organisations Act which replaces the 30-year-old Non-Governmental Organisations Coordination Act, significantly altering the regulation of not-for-profit entities.

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Bentsi-Enchill, Letsa & Ankomah

Securities and Exchange Commission Issues Guidelines to Govern the Issuance of Green Bonds

The Securities and Exchange Commission has issued the Securities Industry (Green Bonds) Guidelines, 2024 (SEC/GUI/003/03/2024) to regulate the issuance of green bonds.

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Webber Wentzel

The JSE moves forward with its market segmentation proposals

To enhance transparency, competitiveness, fairness and efficiency, the Johannesburg Stock Exchange proposes to introduce a market segmentation model for the JSE Main Board. This would create two segments: Main Board Prime and Main Board General. The Main Board General seg..

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Bowmans

Kenya overhauls its regulations on the public offer of securities and listings

Kenya has overhauled the regulatory framework applicable to the public offer of securities to persons in Kenya. The Capital Markets (Public Offers, Listings and Disclosures) Regulations, 2023 (the Public Offer Regulations), which came into effect as of 15 December 2023, w..

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ENS

The Supreme Court of Uganda clarifies indoor management rule does not apply when the law prescribes specific procedure

The indoor management rule is that a person dealing with a company in good faith is entitled to assume that the corporate acts provided for in the company’s documents have been properly and duly performed in compliance with its articles and bylaws. The rule is codified un..

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