An Exciting Time in Uganda and for Competition Law Across Africa, Key Changes in Tanzania's Finance Act, and More on Nigeria’s Draft National AI Strat
Afriwise Insights
Webinar-On-Demand: Navigating Uganda’s New Competition Landscape
The near future holds significant changes, but much uncertainty remains as we await the publication of regulations for the Act. There's also anticipation around how the Ministry of Trade, Industry and Cooperatives will handle its implementation and administration.
The interplay between the new Act, sectoral competition regulations and regional competition regimes will become clearer as real implementation of the Act starts.
"This is such an exciting time in Uganda and for competition law across Africa!"
Selected Articles
Tanzania - Clyde & Co.
Changes to Banking Laws Introduced by Tanzania’s Finance Act
This article provides an overview of the key changes introduced by the Finance Act, No. 6 of 2024 to the banking sector in Tanzania. The Finance Act was enacted on 30 June 2024 and came into operation on 1 July 2024. It introduces significant amendments made to several laws, among which are those pertinent to the banking sector in Tanzania, reflecting the Government of Tanzania's ongoing efforts to strengthen the regulatory framework and enhance financial governance. These changes will affect banks, financial institutions, businesses, and individuals engaged in banking and finance activities across the country. Continue reading
Nigeria - Olaniwun Ajayi
Overview of Nigeria’s Draft National Artificial Intelligence Strategy 2024
Artificial intelligence (AI) is rapidly evolving, playing a crucial role in driving economic growth and addressing various societal challenges, amongst many others. In recognition of the rapid evolution and potential of AI, the Federal Ministry of Communication, Innovation, and Digital Economy issued the draft National Artificial Intelligence Strategy. This Draft Strategy serves as a blueprint for establishing a framework for the responsible utilisation of AI, while also addressing potential risks associated with its use. Continue reading
Zimbabwe - Scanlen & Holderness
Zimbabwean Companies Obliged to Re-Register Under New Electronic Filing System
Pursuant to the Companies and Other Business Entities Act, the registration process in Zimbabwe has been transformed from a manual paper-based system to an electronic filing system. All companies and business entities previously registered under the repealed Companies Act and Private Business Corporations Act are required to re-register electronically under the new Act. Continue reading
by Africa Risk Consulting (ARC)
DRC
South Kivu Province?governor?Jean-Jacques Purusi Sadiki?approves the resumption of all mining activities in the province which have been suspended since July.
Morocco
African Development Bank (AfDB)?approves financing worth $78.3m for Morocco-headquartered?Bank of Africa?to promote access to trade finance.
Madagascar
African Development Bank (AfDB)?approves a $67m loan for Madagascar to support the implementation of the?Financial Management and Resilience Support Programme for 2024-2025.
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