Never miss a beat on Africa's legal and regulatory landscape.
On 28 March 2024, the Central Bank of Nigeria revised the minimum capital requirements for banks aimed at strengthening the Nigerian financial system and actualizing the Nigerian Government’s objective to achieve a US$1 trillion economy in gross domestic product terms by ..
On 21 March 2024, the Bank of Mozambique published Notice No. 4/GBM/2024 in the Official Gazette. This notice establishes the regime for the liberalization of capital operations and other foreign exchange operations in Mozambique. It applies to all parties involved in for..
On 29 February 2024, the Minister for Constitutional and Legal Affairs issued procedures for submission of information of Beneficial Ownership vide the Trustees’ Incorporation (Transparency of Beneficial Ownership) Rules 2024, GN No. 139A of 2024. These Rules impose manda..
On 20 March 2024, the Competition Commission of South Africa published revised Public Interest Guidelines relating to merger control. The Revised Guidelines follow the Draft Public Interest Guidelines, which were published for public comment in October 2023. Although the ..
By way of Order 2/24, of 22 March 2024, the Angolan Central Bank (BNA) adopted the regulations for implementation of Law 5/20, of 27 January 2020, on the Prevention and Combating of Money Laundering, Terrorist Financing and Proliferation of Weapons of Mass Destruction app..
In the wake of the recent regulatory developments in the Nigerian market, the Securities and Exchange Commission on 15 March 2024 published its proposed amendments to the existing SEC rules on issuance, offering platforms and custody of digital assets dated 11 May 2..
Notice No. 07/GBM/2024 of 29 February 2024 establishes the transaction limits applicable to Electronic Money Institutions, which are defined by the Law on Credit Institutions and Financial Companies, as financial companies authorised to provide payment services, whose mai..
The earnings threshold will increase to R254 371.67 with effect from 1 April 2024, entitling employees falling below the threshold to stricter protections in terms of labour legislation. It is the fourth consecutive annual increase to the threshold (following a period of ..
The Cabinet Secretary for the National Treasury and Planning recently gazetted the Capital Markets (Alternative Investment Funds) Regulations, 2023, which took effect on 15 December 2023. These new regulations are an off-shoot of the Capital Markets (Collective Investment..
