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Mozambican Competition Regulatory Authority Proposes a Leniency Regime

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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

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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

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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

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

New Members

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 Update

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 […]

Digital currencies and services gaining momentum across the continent

practice focus

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 […]

Issuance of Bonds under the Commercial Code of 2022

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Article compiled by Daisy Nogueira, Lawyer at CGA Associados, Mozambique  The Decree-Law no. 1/2022, of 25 of May, which approves the new Commercial Code (hereinafter, the “Commercial Code of 2022”), came into force today, the 22nd of September, 2022, thereby repealing the current Commercial Code, approved by Decree-Law no. 2/2005, of 27 of December, as […]

Jump the gun, bite the bullet: Consequences of failure to notify a merger in Africa

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Article by Paul Coetser, Director & Head of Competition, and Sandiso Dhlomo, Candidate Attorney of Werksmans Attorneys, South Africa It is no longer a surprise that many, if not most, African countries now have competition laws. In addition, Africa has five regional economic areas with competition rules. In many of these countries and regional areas, […]

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