The New Regime on Striking Off Companies in Uganda, The New Mozambican Labor Law and More on Virtual Wheeling

Uganda - by ENSafrica

Striking off of companies – the new regime

Uganda has published new regulations under the Companies Act that provide for, among other things, striking off a company from the companies register. Striking off refers to the administrative process of removing a company from the register if a company is dormant or in default of its statutory obligations. A strike-off process can also be used by the registrar to enforce compliance with the statutory filing requirements by companies.? Continue reading

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South Africa - by Webber Wentzel

Virtual Wheeling 101

Electricity wheeling mechanisms play a key role in facilitating the optimal integration of renewable energy resources into the grid. Wheeling across high and medium-voltage lines has been the focus of Eskom's wheeling strategies to date, but the proposed introduction of virtual wheeling, a new product offering by Eskom, opens opportunities for companies with multiple smaller and low-voltage loads scattered across various geographies in South Africa to participate in the market. Continue reading?

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Kenya - by MWC Legal

A Win for Consumers – Court Awards Damages for Breach of Consumer Rights

In a recent High Court decision, Safaricom PLC (the Appellant) was condemned to pay KES. 452,868/= to Mr Ronald Wilson Kafwa (the Respondent), one of its customers being part of the amount of money lost by the Respondent from his M-pesa account after the theft of his mobile phone. Continue reading

C?te d'Ivoire

President?Alassane Ouattara?appoints 33 senators following the 16 September senatorial election. The constitution outlines that two-thirds of the 99-member senate must be elected and the president appoints 33. It is anticipated that former foreign affairs minister?Kandia Camara?will lead the senate;

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Senegal

Economic Community of West African States Bank for Investment and Development (EBID)?approves financing of 65 billion FCFA ($104.75m) for two key infrastructure projects in Senegal;?

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Kenya

Officials begin talks with the?International Monetary Fund (IMF)?and?World Bank?for a new loan to help settle its $2 billion?Eurobond?repayment which was due in June 2024;The Institute for Public Policy and Research?(IPPR) raises concerns over a plan by the?African Energy Chamber?(AEC), led by controversial Cameroonian businessman NJ Ayuk, to present Namibia’s President?Hage Geingob?with a lifetime achievement award for advancing the Namibian energy sector, citing Ayuk’s questionable track record and implication in the network of?Gabriel Mbega Obiang Lima,?Equatorial Guinea’s former oil minister and son of its president;

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Mozambique

Italy-headquartered?ENI?is reportedly hoping to reach a final investment decision on its second floating liquefied natural gas project in Mozambique by June 2024;

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Zambia

Government is reportedly set to make a final decision on the sale of state-owned?Mopani Copper Mines?to a new investor this month. The decision was initially anticipated in July, but has been delayed by negotiations with various parties, including the former owner,?Swiss?company?Glencore, to which Mopani owes money.