On 9 October 2023, the Privatisation Bill 2023 was assented to by Kenya’s President William Ruto to repeal and replace the Privatisation Act which was passed in 2005. The implementation of the new legislation commenced on 27 October 2023.
Never miss a beat on Africa's legal and regulatory landscape.
On 9 October 2023, the Privatisation Bill 2023 was assented to by Kenya’s President William Ruto to repeal and replace the Privatisation Act which was passed in 2005. The implementation of the new legislation commenced on 27 October 2023.
On the 2nd of November 2023, the Corporate Affairs Commission (‘CAC’) issued a circular notifying Companies of the statutory requirement to file annual return every financial year. The circular was prompted by the fact that several Companies are non-compliant with t..
This article aims to highlight key changes brought forth by the Capital Markets and Securities (Investment - Based Crowdfunding) Guidelines (the Guidelines). The Guidelines came into force through Government Notice No. 732 of 2023 published on 13 October 2023, and apply t..
Presidential Decree 213/23, of 30 October 2023, enacted a new “Legal Regime to Incentivize Domestic Production”. Highlights of the new regime:
A recent startle in the business sector has been caused by none other than the amendment to the Companies Act 28 of 2004 (“Companies Act”). It has caused confusion for businesses all over as to whether the amendments, specifically the new beneficial ownership information ..
On Monday, 09 October 2023, the President assented to the 2023 Privatization Act. The Act will overhaul the regulatory framework for privatizing public entities established by the 2005 Privatization Act. It represents a notable and hopeful advancement in privatizati..
Uganda has published new regulations under the Companies Act (“the Act”) that provide for, among other things, striking off a company from the companies register. Striking off refers to the administrative process of removing a company from the register if a company is dor..
On 22 September 2023, the Minister for Industry and Trade issued detailed procedures for submission of information of Beneficial Ownership (BO) vide the Business Names (Beneficial Ownership) Regulations, 2023, GN No. 714 of 2023 (the Regulations).
On 1 September 2023, the Minister for Industry and Trade (the Minister) issued the Business Licensing Regulations, 2023 (the New Regulations), vide the Government Notice No. 626 of 2023.