Delisting of Mauritius from EU list of high-risk third countries
Article by Dev Erriah – Head of Chambers, Erriah Chambers, Mauritius Mauritius is set to be formally removed from the European Union List of High Risk Third countries (the “EU List”) very soon following the meeting of the European Commission College of Commissioners on 22 December 2021. Following the de listing of Mauritius from the […]
Mauritius Premium Visa
Article by Dev R Erriah of Erriah Chambers, Mauritius On 23 October 2020, the Government of Mauritius announced the introduction of a new travel visa, The Premium Visa. Mauritius, which is famously known as the “paradise island”, has launched a Premium Travel Visa, valid for a period of one year, renewable, to welcome admired travellers seeking […]
The Paradise Island finally gleams on the whitelists as Financial Action Task Force approved
Article by Dev R Erriah of Erriah Chambers Mauritius At the conference which was held on the 19 to 21 October 2021, the Financial Action Task Force (hereinafter referred to as the “FATF”) consented to the eradication of Mauritius from the FATF Grey list. This resolution came after the recommendation put forward by the International […]
Burger King merger approved – What role will black ownership play in future mergers?
Article by: Pieter Steyn – Chairperson of LEX Africa, Director Werksmans Attorneys, South Africa The Competition Commission’s prohibition in June 2020 of the sale of Burger King (South Africa) (RF) (Pty) Ltd (“BKSA“) to private equity firm, ECP Africa, caused much interest and concern. It was the first time since the Competition Act came into […]
The role of the “rule of law” in the implementation of the Agreement for the African Continental Free Trade Area.
Article by: Fidelis Manyuchi Senior Associate, Scanlen & Holderness, Zimbabwe The Agreement forming the African Free Trade Area came into force on the 30th of May 2019 and was launched on the 1st of January 2021. The parties to the agreement are the member states of the African Union which have come together to create […]
A new horizon for debtors and credit providers in Lesotho
Article by: Pamela Bubb, Partner and Head of the Commercial Practice, and Brendan Miller, consultant, Webber Newdigate. According to the Central Bank of Lesotho’s (the “CBL”), list of licensed financial institutions for the 2nd quarter of 2021, there were roughly one hundred (100) financial institutions (commercial banks and micro-finance institutions) licensed to provide various credit […]
Insurgency in Mozambique: A drug problem
The increasingly violent Islamic insurgency in Mozambique’s northern Cabo Delgado province has seen much diplomatic activity, aimed at setting up some kind of military intervention to stabilise the situation. But we shouldn’t be holding our breath, says seasoned observers. We look at the complex problem. Mozambique hit the headlines in March when armed Islamic extremists […]
Zambia’s provisions in the Reservation Regulations
Article by Jackie Jhala and Mwila Balungu of Corpus Legal Practitioners – Zambia Introduction In a widely circulated Zambian national newspaper the “Daily Mail” dated 4 May 2021, it was reported that local transporters have been granted preference with respect to transportation of at least fifty percent (50%) of heavy and bulk cargo either imported […]
Minister Patel clarifies his views on employee share ownership programmes and broad based ownership schemes
A new Broad-Based Black Economic Empowerment (“BBBEE“) initiative was announced by Coca Cola on 5 February 2021. The initiative involves an Employee Share Ownership Programme (”ESOP“). At the announcement, the Minister of Trade and Industry, Ebrahim Patel, clarified his views on ESOPs and Broad-Based Ownership Schemes (“BBOS“). He noted that – there were two types […]
The New Law on Credit Institutions and Financial Companies
Article by Célia Francisco of CGA Associados The new law on credit institutions and financial companies was published on 31 December 2020, and the law enters into force 90 (ninety) days after its publication, on 31 March 2021. We highlight the following aspects in relation to the new law: The licensing of credit institutions and […]
