Never miss a beat on Africa's legal and regulatory landscape.
Green Bonds have become a key tool in Ghana’s strategy to meet its Sustainable Development Goals and address climate change. In March 2024, the Securities and Exchange Commission introduced guidelines for issuing Green Bonds, ensuring compliance with international standar..
As a response to the depreciation of the Nigerian Naira and adverse effects on inflation and economic stability, the Central Bank of Nigeria initiated significant measures in the second half of 2023 to stabilize and strengthen the Naira against major foreign currencies. T..
The Bank of Ghana recently issued an exposure draft of guidelines on digital assets, marking a significant step in its commitment to fostering a regulatory environment that balances innovation with financial stability and consumer protection. These guidelines aim to outli..
The Economic Community of West African States (ECOWAS) is setting the stage for a shift in regional trade and economic policy with the planned introduction of a single currency—the “ECO”. Supported by Nigeria and fourteen other member countries, this initiative aims to co..
Recently, in the period from the years 2023 to 2024, Tanzania has faced a foreign currency shortage, especially the United States Dollar. This has led to several public notices and guidelines from the Regulators aimed at restricting the use of foreign currency for in-coun..
As the world embraces a more digitally connected and technologically advanced future, the landscape of financial transactions is rapidly evolving. Technological advancements, including blockchain platforms and the rise of digital currencies, are paving the way for more se..
In order to adapt to the current state of the insurance market, the Insurance Mediation and Brokerage Law has been published. More than two decades have passed since the approval of the first law regulating these matters. As a result, it has been necessary to redefine the..
The High Court recently directed a local bank to reimburse a client who erroneously transferred funds to an account held with it. This decision will have far reaching implications on the duty of care borne by banks and payment service providers.
On 18 April 2024, the South African Reserve Bank (SARB) published its digital payments roadmap. The document entitled Digital Payments Roadmap: Towards Inclusive, Accessible, Effective and Sustainable Digital Payments in South Africa, sets out a 17-action item plan that t..
