The 2020 Finance Act, which has come into force, revisited two flagship measures introduced by the 2009 Complementary Finance Act: (i) the 51/49 rule and (ii) the prohibition of using international loans to finance the national economy.
The coming into effect and promulgation of the African Continental Free Trade Area (AfCFTA) has ushered in a new and exciting era for the continent. AfCFTA aims to enhance intra-African trade by providing a complete and mutually beneficial trade agreement among Member States. It covers goods and services, investment, intellectual property rights and competition policy. On December 5, 2020, the African Union Assembly approved the start of trading under AfCFTA as of January 1, 2021.
Many African countries are still grappling with the impact of the lockdown initiatives caused by COVID-19.1 Adapting to the health and safety protocols across Africa has meant a significant increase in the sheer volume of data being processed, particularly in the health and education sectors.
Whether drafting legal documents, litigating, or managing a law firm, legal professionals are expected to predict, with a relatively high degree of certainty, the possible consequences of every step they take and every word they communicate. Then, having considered all the possible consequences, they must decide on the best course of action. Any such decision typically involves having several alternatives, comparing them and evaluating their outcomes.
Jamie Macdonald moderates a panel discussion on ESG and Mining Sustainability in 2021 and Beyond.
James Kamau discusses how ESG is part of the response to COVID-19 and how many organisations, including DLA Piper Africa, is implementing ESG principles during this time.