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Bowmans

Kenya: Insights on the Climate Change (Carbon Markets) Regulations, 2024: Key highlights

The long-anticipated Climate Change (Carbon Markets) Regulations, 2024 have been officially gazetted by the Cabinet Secretary for the Ministry of Environment, Climate Change and Forestry, representing yet another significant milestone in the establishment of a structured ..

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Bentsi-Enchill, Letsa & Ankomah

Securities and Exchange Commission Issues Guidelines to Govern the Issuance of Green Bonds

The Securities and Exchange Commission has issued the Securities Industry (Green Bonds) Guidelines, 2024 (SEC/GUI/003/03/2024) to regulate the issuance of green bonds.

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MWC Legal

The Capital Markets (Alternative Investment Funds) Regulations, 2023

Alternative Investment Funds comprised of private equity funds, hedge funds and venture capitalist funds may soon be required to obtain licensing from the Capital Markets Authority in order to pool funds from investors in Kenya and beyond for investment in the Kenyan mark..

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Aluko & Oyebode

Nigerian Communications Commission Publishes Draft Telecommunications Networks Interconnection Regulations

The Nigerian Communications Commission in exercise of its functions under the Nigerian Communications Act has published three draft regulations and guidelines for stakeholders’ comments. The draft documents seek to amend and repeal the existing regulations and guidelines...

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G. Elias & Co.

Review of the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024

On February 28, 2024, President Bola Ahmed Tinubu issued the Oil and Gas Companies (Tax Incentives, Exemption, Remission, etc.) Order, 2024. The Order provides for certain fiscal incentives aimed at supporting companies within the Nigerian oil and gas industry. The incent..

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Clyde & Co.

Banking and Financial Institutions (Compulsory Liquidation) Regulations, 2024

In a bid to enhance the regulatory framework governing banks and financial institutions, the Bank of Tanzania has recently enacted the Banking and Financial Institutions (Compulsory Liquidation) Regulations, 2024. The Regulations, published under Section 71 of the Banking..

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ENS

Addressing increased cybersecurity threats to financial institutions: The FSCA and Prudential Authority’s response

In recent years, South Africa has experienced an increase in cybercrimes, cyberattacks, and security breaches, with banks and financial institutions being prime targets. Reports have found that stolen or compromised credentials and phishing scams are the primary attack ve..

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G. Elias & Co.

Innovations in the Nigerian Electricity Regulatory Commission Mini-Grid Regulations, 2023

On December 29, 2023, the Nigerian Electricity Regulatory Commission released the Mini-Grid Regulations, 2023, pursuant to the Electricity Act, 2023. The New Regulation repealed the Mini-Grid Regulations, 2016. The New Regulation introduced certain changes to the operatio..

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Pavestones

Regulatory update: Guidance Notice on Registering Data Controllers and Processors of Major Importance

On the 14th of February, in accordance with its mandate to ensure the genuine processing of personal data by legitimate persons or organizations, the Nigeria Data Protection Commission issued a guidance notice on Registering Data Controllers and Processors of Major Import..

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