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1.

KENYA: Data Protection Law Passed Targeting Tech Investment

21 Nov 2019

Kenya has passed a European Union-compliant new data protection law. The law sets outs restrictions on how personally identifiable data obtained from firms and government entities can be handled, shar...Read More

2.

UAE: Authorities Issue New Life Insurance, Family Takaful Rules

19 Nov 2019

The Insurance Authority (IA) of the United Arab Emirates (UAE) has released new regulations covering life insurance and family takaful operations after three years of public consultation....Read More

3.

OMAN: New Ministry of Technology Established

14 Nov 2019

Oman has established a new Ministry of Technology and Communications, responsible for information technology (IT) and telecommunication....Read More

4.

SOUTH AFRICA: New Trade Agreement Between SACU, Mozambique and UK

5 Nov 2019

An updated economic partnership agreement has been signed by the Southern Africa Customs Union (SACU) member states, Mozambique and the United Kingdom....Read More

5.

EGYPT: Stock Market Fees Slashed to Boost Investment

4 Nov 2019

The Egyptian stock exchange has cut transaction and settlement fees, as well as reducing premiums and expanding coverage for listed companies’ compulsory bankruptcy insurance....Read More

6.

NIGERIA: All Land Border Import and Export Banned

28 Oct 2019

All trade across Nigeria’s land borders has been prohibited, while sea and air entry points are unaffected....Read More

7.

SAUDI ARABIA: Foreign Firms Allowed to List on Local Exchanges

25 Oct 2019

Foreign companies will now be able to list on Saudi Arabian stock exchange, subject to the same rules as domestic firms. Both domestic and international investors will also be able to trade such share...Read More

8.

UAE: Online Licence Renewal Available for ADGM-registered Firms in Abu Dhabi

22 Oct 2019

Foreign-invested entities registered at the Abu Dhabi Global Market (ADGM) can now renew their registration licences using a new online service on the ADGM website....Read More

9.

KENYA: Standard Gauge Railway Monopoly Lifted

21 Oct 2019

The Kenyan government has announced that goods passing through the Port of Mombasa will no longer be required to use the Standard Gauge Railway (SGR)....Read More

10.

SAUDI ARABIA: New Competition Law Takes Effect on 25 September

15 Oct 2019

The General Authority of Competition (GAC), the government agency tasked with oversight of the Kingdom of Saudi Arabia’s new competition law (Royal Decree No. (M/75) of 1440H), has issued the Implemen...Read More

11.

UAE: Virtual Business Licences Now Available for Overseas Investors in Dubai

14 Oct 2019

A new virtual business scheme designed to attract foreign investment was launched by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, deputy ruler of the Emirate of Dubai on 1 October 2019....Read More

12.

QATAR: Residency for Foreign Investors Now Permitted

11 Oct 2019

Foreign investors and property developers will now be able to apply for Qatari residency without a local sponsor....Read More

13.

GHANA: Government and Industry Agree on Textile Tax Stamp Policy

10 Oct 2019

The Ghanaian government is set to sign an agreement with stakeholders in the country’s textile industry that will implement the textile tax stamp policy proposed last year....Read More

14.

OMAN: New Department Created to Regulate E-commerce and Combat Fraud

8 Oct 2019

Oman’s Ministry of Commerce and Industry (MoCI) is establishing a new department, named the Electronic Commerce Department, which will regulate the country’s fast-growing e-commerce sector....Read More

15.

MAURITIUS: Free Trade Deal with China Confirmed

2 Oct 2019

The Republic of Mauritius has announced a free trade deal with People’s Republic of China. Both parties will benefit from improved access to each other’s markets, with over 8,000 types of Mauritian pr...Read More

16.

JORDAN: New Free Zone Opens at Queen Alia International Airport

25 Sept 2019

A new free zone has opened at Jordan's Queen Alia International Airport (QAIA) on 2 September. Built at a cost of US$53.6 million, the one-square-kilometre zone replaces the smaller three-hectare free...Read More

17.

AFRICA: Tripartite Free Trade Area Agreement to Launch in 2020

24 Sept 2019

Africa’s Tripartite Free Trade Area (TFTA), an agreement comprised of three regional economic blocs, is expected to be operational by 2020....Read More

18.

RWANDA: Deposits for Mombasa Shipping Containers Axed

23 Sept 2019

The US$2,000 container deposit guarantee requirement at the port of Mombasa has been removed....Read More

19.

KENYA: 30% Electricity Rebate for Manufacturers

16 Sept 2019

The Kenyan Ministry of Energy gazetted the criteria for determining the electricity expenses rebate, due under the country’s Finance Act 2018 in Legal Notice 132 of 2019. The Act introduced a 30% elec...Read More

20.

NIGERIA: 5% VAT on All Online Purchases from January 2020

9 Sept 2019

From January 2020, Nigerian bank card issuers and other electronic payment service providers will automatically collect 5% value added tax (VAT)....Read More

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