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SERVICES AND SECTORS

Kenya: The Government proposes the enactment of the Tax Laws (Amendment) Bill, 2024 and the Business Laws (Amendment) Bill, 2024

On 31 October 2024, the Cabinet Secretary, National Treasury and Economic Planning (the Cabinet Secretary National Treasury) published an explanatory note on changes proposed to be introduced by the Tax Laws (Amendment) Bill 2024 (the Tax Laws Amendment Bill) and the Business Laws (Amendment) Bill 2024 (the Business Laws Amendment Bill).

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Kenya: Competition Authority of Kenya enters into settlement agreement with Mogo Auto

The Competition Authority of Kenya (the Authority) has entered into a settlement with Mogo Auto Limited (Mogo) concerning allegations of false and misleading representations and unfair practices against its customers. Under the terms of the settlement, the Authority has directed Mogo to pay a settlement amount of KES 10,851,473.20, avoid similar conduct in the future and, mandated that its employees complete consumer compliance training by 30 August 2025. This action underscores the Authority’s commitment to its mandate of safeguarding consumer rights, particularly in the rapidly evolving digital credit sector. The Authority is empowered by the Competition Act, Cap 504 (the Competition Act), to oversee and investigate matters related to consumer welfare in Kenya.

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Tanzania: The Fintech Regulatory Sandbox Regulations 2023

Tanzania: The Fintech Regulatory Sandbox Regulations 2023

The Bank of Tanzania (BoT) has recently issued draft regulations for establishing a Regulatory Sandbox, the Fintech Regulatory Sandbox Regulations 2023 (Regulations). The Regulations aim to create a conducive environment for innovative fintech to be tested in the market while ensuring adequate measures in place to protect customers.

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Kenya: Competition authority launches animal feeds sector inquiry

Kenya: Competition authority launches animal feeds sector inquiry

On 29 September 2023, the Competition Authority of Kenya (CAK) announced its intention to undertake a comprehensive market inquiry into the animal feeds sector (Market Inquiry).

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South Africa: AARTO compliance and employment ramifications

South Africa: AARTO compliance and employment ramifications

The Administrative Adjudication of Road Traffic Offences Act 46 of 1998, as amended by the Administrative Adjudication of Road Traffic Offences Amendment Act 4 of 2019 (AARTO) is not only about a demerit system against individual motorists for their road traffic violations.

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