On 9 April 2020, the Competition Commission (the Commission) referred the first case of excessive pricing of essential products to the Competition Tribunal (the Tribunal).
Inside Africa blog
South Africa: Companies recommended to proactively manage BEE certification risk during lockdown
On 18 March 2020, the South Africa National Accreditation System (SANAS) amended the requirement for on-site visits as part of the Black Economic Empowerment (BEE) verification process
Concerns persist with the implementation of Nigerian merger control regime
In March 2020, the Federal Competition and Consumer Protection Commission (the Commission), the Nigerian competition authority, published for consultation the draft Merger Review Regulations (the Regulations)
African antitrust authorities tackle competition concerns arising from Covid-19 pandemic
While South Africa has adopted a package of antitrust measures to either tackle exploitative conduct or facilitate a coordinated response
South Africa permits banks to cooperate in Covid-19 debt relief
On 23 March 2020, Minister Patel, the South African Minister of Trade, Industry and Competition, adopted a block exemption permitting banks to develop industry positions on a range of issues
South Africa adopts antitrust measures in response to Covid-19
On 19 March 2020, Minister Patel, the South African Minister of Trade and Industry, adopted two antitrust measures as part of the response to the Covid-19 pandemic.
Ethiopia joins the New York Convention
Posted in Eastern Africa
On 13 February 2020, the Ethiopian parliament ratified the 1958 New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (the NY Convention).
First enforcement decision under Moroccan competition regime
On 17 January 2020, the Agence Nationale de Réglementation des Télécommunications (ANRT), the Moroccan telecoms regulator, imposed a fine of MAD 3.3bn (approx. USD340m) on Maroc Telecom
International treaty on registration of interests in mining, agricultural and construction equipment signed by African countries
The Mining, Agriculture and Construction (MAC) Protocol (the so-called Pretoria Protocol) developed by the International Institute for the Unification of Private Law (UNIDROIT) is an international treaty
Benchmark reform: the impact of LIBOR transition on the African project finance market
Posted in Blog post
LIBOR (the London interbank offered rate) is a benchmark interest rate which is supposed to represent the rate at which banks lend to one another in the international interbank market for short-term loans.