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

ENS

Note to FSPs and Start-Ups as Bank of Ghana pilots Regulatory Sandbox

The Fintech and Innovation office of the Bank of Ghana ("BoG"), in August 2022, launched a regulatory and innovation sandbox pilot (the “Regulatory Sandbox”) in response to requests for innovation in the banking and financial services sector.

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Duale, Ovia & Alex-Adedipe

CBN’s Guidelines on the Operation of Bank Accounts for Virtual Assets Service Providers in Nigeria

Amidst the festive cheer, the Central Bank of Nigeria unwrapped a special present. A game-changing Guidelines on the operation of Bank Accounts for ‘Virtual Assets Service Providers’.

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ǼLEX

CBN Lifts ‘Ban’ on Crypto Banking Transactions

In a notable development, the Central Bank of Nigeria (CBN) reversed its stance on cryptocurrency transactions on December 22nd, 2023, by issuing the “Guidelines on Operations of Bank Accounts for Virtual Assets Service Providers (VASPs).” This decision marks the cessatio..

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ALN

Revolutionising African Trade: Kenya Takes the Lead in Promoting PAPSS

As the African Continental Free Trade Agreement (AfCFTA) advances through various negotiation phases, several stakeholders have introduced operational tools to facilitate its implementation. One of these tools is the Pan-African Payment and Settlement System (PAPSS), whic..

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Clyde & Co.

The Capital Markets and Securities (Corporate and Subnational Sukuk Bonds) Regulations, 2023

The regulations aim to regulate and provide guidance for Sukuk business operations in the United Republic of Tanzania, including supervisory mechanisms, operational standards, and disclosure requirements, with the broader goal of diversifying alternative financing product..

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MDR Advogados

Registration of Virtual Asset Service Providers before the Mozambique Central Bank

It was recently published the Notice no. 4/GBM/2023, of 14 September (Notice), which approves the legal framework applicable to the registration of virtual asset service providers before the Mozambique Central Bank (Banco de Moçambique). This Notice, aims to com..

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BLC Robert

Mandatory Registration for Issuance of Debt Securities

Notable changes have been brought to the Securities (Preferential Offer) Rules 2017 (the Rules) by the Financial Services Commission (FSC), published on 16 October 2023 that you should be aware of.

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Clyde & Co.

Tanzania: The Foreign Exchange (Bureau de Change) Regulations, 2023

In this legal update, we discuss key highlights of the Foreign Exchange (Bureau de Change) Regulations of 2023 (the 2023 Regulations), which came into force on 6 October 2023 and revokes the Foreign Exchange (Bureau de Change) Regulations of 2019 (the 2019 Regulations). A..

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Mulenga Mundashi

Zambia takes pioneering steps: The Green Loans Guidelines, 2023

Zambia has joined the select group of African nations taking early initiatives to explore innovative green financing methods for funding projects focused on adaptation and sustainable development. On 29 September 2023, Zambia’s Minister of Finance and National Plann..

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