2 292022Jul M&A activity on the rise in Africa in 2022 In Angola, Corporate Mergers & Acquisitions, Guinea Conakry, Namibia, Nigeria, Rwanda, Zambia According to the recent Dealmakers Africa report, during the first quarter of 2022 the total value of deals in Africa – excluding South Africa – was $9,7 billion – an almost three-fold increase over that of Q1 2021 – off 196 transactions. North and West Africa were the two regions with the greatest deal activity,… Read More
1 282022Jul Mozambique’s vast hydro-power project could create a regional energy hub In General Business Law, Infrastructure, Energy & Projects, Local Investment Laws and Indigenisation, Mozambique Mozambique is a scenic country in southeastern Africa and its capital, Maputo, is the commercial and cultural centre. The country is rich in natural resources, is biologically and culturally diverse, it has a tropical climate, and its beautiful beaches are an important attraction for its growing tourism industry. Its extensive coastline offers some of Africa’s best… Read More
0 282022Jul New Tax Regulations Promulgated In Tanzania, Tax Following the enactment of the Finance Act, 2022 (the Finance Act), the Minister for Finance on 1 July 2022 issued three sets of Tax Regulations. These Regulations are the Tax Administration (General) (Amendment) Regulations, 2022 (the TAA Regulations); the Value Added Tax (Registration of Non-Resident Electronic Service Suppliers) Regulations, 2022 (the VAT Regulations); and the… Read More
4 282022Jul Legalising personal use of cannabis in Zimbabwe In General Business Law, Healthcare & Life Sciences, Zimbabwe LEX Africa member firm Scanlen & Holderness is challenging the current Zimbabwe laws that ban personal use of cannabis – that is, the criminalization of the possession, cultivation, use and consumption of cannabis. The case is being handled by Associate Tapiwa John Chivanga who is passionate about this issue and has been working at the… Read More
0 282022Jul Mining Local Content Regulations Amended In Mining, Environmental & Resources, Tanzania Article by Tanzanian member FB Attorneys In a bid to address regulatory and practical challenges pertaining to the Mining Local Content Regulations, 2018 (the amended Regulations) the Minister for Minerals has issued the Mining (Local Content) (Amendment) Regulations (the amendments) vide Government Notice No. 479 of 2022. According to the amendments, mining activities include provision… Read More
1 62022Jul Ghana: Opportunities and Challenges In Africa, Banking & Finance, Investment Funds & Private Equity, General Business Law, Ghana, Infrastructure, Energy & Projects Ghana is considered to be one of the leading countries in Africa, even though it is small both in terms of area and a population of approximately 31 million. Located in the Gulf of Guinea, West Africa, Ghana was the first country in sub-Saharan Africa where Europeans arrived to trade – first in gold, and… Read More
1 302022Jun The proliferation of technology into law In Africa, Cyber Law, Block Chain, Technology, Uganda By Alice Namuli Blazevic, Partner – Head Tech and Innovation, Katende, Ssempebwa & Company Advocates, Uganda The early 21st Century has proved to be an era of rapid global technological development. Various technological revolutions are unfolding on a previously unimaginable scale and in so doing changing the way we do business. Law firms in Africa are… Read More
3 292022Jun Eswatini: A renowned tourist destination with valuable mineral wealth In General Business Law, Local Investment Laws and Indigenisation, Swaziland Eswatini, formerly Swaziland, is a small landlocked kingdom in Southern Africa is bordered by both South Africa and Mozambique. It is one of Africa’s smallest countries, little more than half the size of Belgium, and has a population of just under 1.3 million people. The country has a very young population, with more than one-third… Read More
0 242022Jun Zimbabwe: New case on enforceability of choice of law clauses In General Business Law, Local Investment Laws and Indigenisation, Zimbabwe Article by Fidelis Manyuchi of Zimbabwean firm, Scanlen & Holderness Choice of Law in the face of Delta Beverages (Private) Limited v Blakey Investments (Private) Limited SC 59/22. The issue of choice of law has come to the forefront with the advent of the African Continental Free Trade Area (AfCFTA) and the increase in international… Read More
0 132022Jun Algeria: New policy in the Pharmaceutical Industry In Algeria, Healthcare & Life Sciences Article by Rym Loucif, Advocat at Algerian member Loucif & Co The Algerian pharmaceutical market is one of the main markets in the Middle East-Africa region with an average annual growth rate of nearly 8%. On 31 January 2022, the Minister for the Pharmaceutical Industry (the “MoPI”) issued several orders relating to the new specifications… Read More