Legal Update Tanzania: Proposed Bill Seeks to Amend Mining Act
• Minimum capital investment for mining licence increased • Minister empowered to declare critical and strategic minerals • Time limitation for payment of application fee prescribed • Penalties for false information in submission of mineral data provided • Payment of royalty on imported minerals clarified • Penalty for late payment of inspection fee stipulated • […]
Personal Data Protection Commission Operationalised – Legal Update Tanzania
Recently, the Personal Data Protection Commission (the Commission) was operationalised. It should be remembered that, on 1 November 2022, the Personal Data Protection Act, 2022 (the Act) was passed by Parliament for purposes of recognising the right to privacy and personal data security. The Act establishes the Commission so as to protect the privacy of […]
Tanzania Investment Regulations Amended
On 9 February 2024, the Minister of State, President’s Office Planning and Investment issued the Tanzania Investment (Amendment) Regulations 2024 (the amendments) via Government Notice No. 83. The said amendments amend few provisions of the Tanzania Investment Regulations, 2023 (the Regulations). Regarding composition of the Technical Committee, the Tanzania Investment Act (the Act) establishes a […]
Ghana’s Financial Institutions & Capital Markets Outlook 2024
In the 2023 report, we highlighted the legal and regulatory themes which we expected to impact activities within the financial services industry in 2023 and discussed the challenges and opportunities those issues would present. In this 2024 edition, we review the key market and regulatory developments from the 2023 financial year, consider how our projections […]
The enhancement of Competition and Consumer Protection regulation in Zambia by the new amendments to the Competition and Consumer Protection Act
The enhancement of Competition and Consumer Protection regulation in Zambia by the new amendments to the Competition and Consumer Protection Act No. 24 of 2010 by Act No. 21 of 2023- Part 1 Competition provisions Introduction On 26 December 2023, the Competition and Consumer Protection (Amendment) Act No. 21 of 2023 (“Amendment Act”) was passed […]
African Continental Free Trade Area: Legal Challenges and Opportunities for International Corporations
African Continental Free Trade Area (AfCFTA) is one of the largest trade agreements in the world by the number of participating countries. It brings together 54 of the 55 African Union member states (Eritrea is the only non-participant). The primary objectives of the AfCFTA are to promote economic development, diversification of economies, and reduce dependence […]
Ghana’s Energy, Extractives & Infrastructure Outlook 2024
2023 was an eventful year in the Ghanaian Energy, Extractives and Infrastructure sectors because of the commencement, progress and completion of key projects including the relocation of Ameri power plants, progress in the Early Power Project, and the granting of Ghana’s first lithium mining lease. Notable in energy was the Gold for Oil policy and […]
Setting-up Smart Corridors will help get trade moving on the continent
New Recognition of the Relevance of Multi-Stakeholder Cooperation for Improved African Trade The need to improve African trade continues to be of the greatest importance with the slow materialisation of the African Continental Free Trade Area (AfCFTA) being one of the greatest encouraging factors. South African exports to AfCFTA countries already account for nearly a […]
COMESA’s first ever fine for Anti-Competitive Business Practices
The COMESA Competition Commission (“CCC”) is clamping down as they issue their first fine for alleged anti-competitive business practices. The Confédération Africaine de Football (“CAF”) and beIN Media Group LLC (“beIN”) have been fined USD 300 000 each for their alleged engagement in anti-competitive business practices in contravention of Article 16(1) of the COMESA Competition […]
Introduction of Special Capital Gains Tax In Zimbabwe
Section 26(3) of the Finance Act No. 13 of 2023 provides, inter alia that: (3) There is hereby chargeable a special capital gains tax on the transfer of a mining title, being a tax on the value of any transaction concluded within or outside Zimbabwe whereby any mining title: (4) In amplification of subsection (3): […]