Never miss a beat on Africa's legal and regulatory landscape.
South Africa has until the end of February 2023 to meet a tight deadline to amend its Financial Intelligence Centre Act, 2001 (“FICA”) or face the consequences of its financial institutions being added to a grey list alongside countries such as Yemen, Sou..
Over the years, varied sentiment has arisen over the establishment and use of credit reference bureaus in Zambia. To one judge, credit reference bureaus represent hidden powers that would be gathering “black information” on individuals and busi..
In what is a rare win for an insurer in recent times, the court’s judgment in Musa v King Price Insurance Co on 9 May 2022 highlights the importance of insureds abiding by their claims cooperation obligations. The court's ..
This article provides a synopsis of the Foreign Exchange Regulations, G.N. No. 294 of 2022 (the Regulations) which are made under section 6 (1) of the Foreign Exchange Act, Cap 217 R.E. 2002, as amended (the Act).
On 23 December 2021, the Financial Services Commission (‘FSC’) published the Guidelines for Issue of Corporate and Green Bonds in Mauritius (‘Guidelines’). The purpose of the Guidelines is to supplement the Guide for the Issue of Sustainable Bonds in Mauritius issued by t..
It is unquestionable that, nowadays, the access to credit, capital and other financial services is a very important means of financing, developing, and strengthening private sector investment in Mozambique. And it is understanding the crucial role of the securities to be ..
The long-awaited conduct standard, "Requirements relating to third party cell captive insurance business" (2022 Conduct Standard), together with the Statement of Need and Intended Operation as well as the Consultation Report, was tabled in the National Assembly and Nation..
The financial services industry, like many spheres of life, has evolved as a result of the massive influence of globalization. With technology advancing at galloping speed, the banking sector has managed ..
With the coming into operation of the Virtual Asset and Initial Token Offering Services Act 2021 (the “Act”) on 7 February 2022, Mauritius is seeking to become a jurisdiction of choice for investors to conduct business in virtual assets. This Act comes at an opportune tim..
