New Legal Framework to Promote and Protect MSMEs
Law 07/2024 of 06 June was recently published, approving the legal framework for Micro, Small and Medium-sized Enterprises (herein after & MSME). According to its preamble, the new law aims to ensure greater promotion and protection of this important business segment, as well as to promote its certification, in order to generate employment and competitiveness […]
Creation of the Loan Guarantee Fund, Public Fund and Legal framework for Loan Guarantee Fund Management Companies
On June 10, 2024, the Mutual Guarantee Funds, Public Fund (MGF, PF) was created, and the Legal Framework for Mutual Guarantee Fund Management Companies were approved, through Decrees No. 37/2024 and 38/2024 of June 10, 2024, respectively. Decree No. 37/2024 created the MGF, PF, and approved its operating rules, while Decree No. 38/2024 establishes the […]
Mozambican Competition Regulatory Authority Proposes a Leniency Regime
In April of this year, the Competition Regulatory Authority (CRA) launched a public consultation process in relation to the Draft Regulation of the Leniency Regime, with the purpose of collecting observations, suggestions and contributions from all interested parties in this matter. This action is strictly connected to both the Organic Statute of the CRA and […]
Werksmans hosts lawyers from the latest LEX Africa member
The most recent firm to become a member of LEX Africa, in June 2023, is JLA Advogados from Mozambique. “Our partner firm in Angola, FBL Advogados, is a member of LEX Africa, and they introduced us,” says JLA partner Zara Jamal. Two JLA lawyers recently spent a week at South African LEX Africa member Werksmans […]
Former Mozambican Finance Minister Manuel Chang extradited to the US for the Tuna Scandal
Former Mozambican Finance Minister Manuel Chang extradited to the US for the Tuna Scandal Mozambique’s former finance minister pleaded not guilty in a US federal court in New York in July in connection with a $2 billion corruption and money laundering scandal that prosecutors said defrauded American investors and threatened to further destabilise the economy […]
Technology Media & Telecommunications in Africa update
This e-bulletin highlights key legislative and regulatory developments in the technology, media and telecommunications sectors in sub-saharan Africa. This issue covers the period 16 April 2023 to 15 July 2023 and includes developments from Eswatini, Ethiopia, Ghana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Rwanda, South Africa, Seychelles, Tanzania, Uganda, Zambia and Zimbabwe. eSwatini Notice […]
LEX Africa welcomes new member for Mozambique to the Alliance
LEX Africa is delighted to welcome JLA Advogados as our new member for Mozambique! The addition of the firm provides member firms access to more local and international resources. JLA Advogados is a reference in the Mozambican legal market, with professionals who are experienced and knowledgeable of Mozambican law and the international law principles applicable […]
Africa well positioned to benefit from global green mineral boom
Africa is home to some 30% of the world’s mineral reserves, 8% of its natural gas reserves, and 12% of its oil reserves, according to the United Nations. It also has 40% of the world’s gold, up to 90% of its chromium and platinum, and the largest reserves of cobalt, diamonds, platinum and uranium in […]
The New Electricity Law: recognition of acquired rights with respect to existing Concessions and projects authorised under the previous law
Article by Gisela Graça and Mayara Miquidade, CGA Associados, Mozambique The new Electricity Law (Law no. 12/2022 of 11 July), entered into force on the 9th of October 2022. It is important to understand the impact it will have on the rights acquired in relation to the Concessions granted under the regime of the now repealed […]
Digital currencies and services gaining momentum across the continent
A McKinsey report earlier this month highlights that although cash is still king in Africa its supremacy is likely to be increasingly challenged as e-payments gain momentum. With innovation escalating there is a shift in the way people pay for goods and services with electronic payments rapidly displacing cash and cryptocurrency and digital currencies emerging […]
