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Ugandan member secures first money remittance license in Africa

Uganda

Katende, Ssempebwa & Co Advocates [“KATS”] has successfully advised BT Payment Services, a Fintech- digital- money remittance services provider on the licensing of its operations in Uganda by the Bank of Uganda. BT Payments Services Limited, a Ugandan financial technology company with roots in Kenya provides a secure web-based money remittance option that allows the […]

Opening the money taps into Africa

Africa Update 1

Akinwumi Adesina is not a name most people in Africa would recognise, yet it belongs to a man who is, arguably, doing the most to haul the continent out of a rut of underdevelopment and improve the lives of its people. Adesina is president of the African Development Bank (AfDB) and the brains behind this […]

Developments in Competition Law in Africa

African States are increasingly implementing and enforcing competition laws both on a national and a regional basis. This has important implications for foreign and local businesses operating in Africa. At LEX Africa’s June seminar on developments in competition law in Africa, speakers discussed the increasing trend of governments to try and use competition law as […]

African business developments & opportunities – July 2015

Africa Update

It has been reported that there are 13 TO 14 NEW HOTELS being built in the Ikoyi, Lekki and Victoria Island areas of the city of LAGOS, NIGERIA. There is much interest by mining houses and suppliers, operating in the ZAMBIAN AND DEMOCRATIC REPUBLIC OF CONGO COPPERBELTS, in a new SOLWEZI-KOLWEZI ROUTE. The existing main […]

Mandatory incorporation of foreign companies in Nigeria

Africa Update

This paper focuses on the legal obligations for incorporation of foreign companies in Nigeria and the requirements for such incorporation.  The meaning of a foreign company will also be examined and a distinction will be drawn between a foreign and local company.  It will be posited that the requirement of incorporation is only applicable to […]

Nigerian LEX Africa member comments on Nigerian investment in South Africa

Africa Update

Nigerian companies have a “huge appetite” for investing outside the country, says the Nigeria-South Africa Chamber of Commerce. But regulatory restrictions on equity ownership and moving money in South Africa were limiting the number of Nigerian companies setting up shop locally, chamber director Osayaba Giwa-Osagie said last week. Recorded trade traffic by the chamber showed […]

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