14 February

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ZAMBIAN CENTRAL BANK PRESCRIBES GUIDELINES FOR THE FIT AND PROPER ASSESSMENT FOR THE APPOINTMENT OF SHAREHOLDERS, DIRECTORS AND SENIOR MANAGEMENT IN ENTITIES UNDER ITS SUPERVISION

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Authors: Lupiya Simusokwe and Sankananji Mubanga- Chilufya Date: 14 February 2024 On December 29, 2023, the Bank of Zambia introduced guidelines (the “Guidelines”) for fit and proper assessment. The primary objective of the Guidelines is to strengthen the governance framework of regulated entities and harmonize the requirements of the fit and proper assessment applicable to regulated entities. [embeddoc url="https://corpus.co.zm/wp-content/uploads/2024/02/Legal-Alert-Zambian-Central-Bank-Prescribes-Guidelines-for-the-Fit-and-Proper-Assessment-for-the-appointment-of-Shareholders-Directors-and-Senior-Management-in-entities-under-its-supervision-.pdf" download="all"] ...

02 February

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Unlocking Zambia’s Mining Potential: Insights and Prospects at Mining Indaba 2024

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Author: Charles Mkokweza Date: 02 February 2024 Africa has once again become an important focal point destination for investment capital in the metals and minerals sector and Zambia is one of those hot beds. We have experienced significant increase in activity in the M&A space and with respect to both brownfield projects as well as greenfield projects. One country specific development is in the policy space. While the main fiscal and general policy regime has remained stable for the past few years, and should generally continue this way with respect to the ‘big’ policy issues, we nevertheless expect to see some interesting...

31 October

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ZAMBIAN CENTRAL BANK PRESCRIBES THE IRREDUCIBLE CORE FOR FINANCE LEASING

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Authors: Lupiya Simusokwe and Sankananji Mubanga- Chilufya Date: 31 October 2023 On the 8th of August 2023, the Bank of Zambia issued the “Banking and Financial Services (Finance Leasing) Directives, 2023” (referred to in this alert as the “Directives”), aimed at regulating financial service providers involved in finance leasing. [embeddoc url="https://corpus.co.zm/wp-content/uploads/2023/10/Legal-Alert-BoZ-Directive.pdf" download="all"] ...

26 October

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DATA PROTECTION ACT NO. 3 OF 2021

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Author: Jacqueline Jhala Date: 26 October 2023 Following our previous alert regarding the appointment of the Data Protection Commissioner (the “Commissioner”), we have received guidance from the office of the Commissioner that full enforcement of the Data Protection Act will commence in March 2024. [embeddoc url="https://corpus.co.zm/wp-content/uploads/2023/10/Legal-Alert-Data-Protection-Act-No-3-of-2021.pdf" download="all"] ...

19 September

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UNLOCKING EFFICIENCY – THE DIGITAL CLEARANCE PROCESS

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Authors: Namakuzu Shandavu and Rabecca Banda

19 September 2023

The Ministry of Lands and Natural Resources (the “Ministry”) which is responsible for inter alia the registration of documents relating to land in Zambia and issuance of certificates of title recently migrated from the Zambia Integrated Land Management Information System (“ZILMIS”) to the Zambia Integrated Land Administration System (“ZILAS”).

15 September

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AGRICULTURAL INSTITUTE OF ZAMBIA ACT

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Authors: Jacqueline Jhala and Dalitso Ng'ona Date: 15 September 2023 On 27 June 2023, the Minister of Agriculture, Mr. Reuben Mutolo Phiri, duly issued the Agricultural Institute of Zambia Act (Commencement) Order, S.I. No 19 of 2023 which brought into effect the Agricultural Institute of Zambia Act No.2 of 2017 (the “Act”). [embeddoc url="https://corpus.co.zm/wp-content/uploads/2023/09/Legal-Alert-Agricultural-Institute-of-Zambia-Act-002.pdf" download="all"] ...

18 July

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National Payment Systems Directives on Electronic Money Issuance Gazette No. 958 of 2023

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Authors: Lupiya Simusokwe and Sankananji Mubanga- Chilufya Date: 18 July 2023 The digital financial space is an intricate web, riddled with ever-evolving complexities that can bewilder even the most experienced and sophisticated economies if appropriate measures are not put in place. [embeddoc url="https://corpus.co.zm/wp-content/uploads/2023/07/Legal-Alert-E-Money-Directives.pdf" download="all"] ...

12 July

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The Zambia Development Agency Act No.17 of 2022 and the Investment Trade and Business Development Act No. 18 of 2022

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Authors: Jacqueline Jhala and Dalitso Ng'ona Date: 12 July 2023 On 13 January 2023, the Minister of Commerce, Trade and Industry; Honourable Chipoka Mulenga (the “Minister”) duly issued the Investment Trade and Business Development Act (Commencement) Order, S.I. No.3 of 2023 which brought into effect the Investment Trade and Business Development Act No. 18 of 2022 (the “ITBD Act”). [embeddoc url="https://corpus.co.zm/wp-content/uploads/2023/07/Legal-Alert-ZDA-and-ITBD-Act.pdf" download="all"] ...

29 June

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CONSTITUTION OF THE OFFICE OF THE DATA PROTECTION COMMISSIONER ON THE HORIZON

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Authors: Jacqueline Jhala and Coleen Namuyamba Date: 29 June 2023 On 9 June 2023, the Zambia National Broadcasting Corporation, the national news broadcaster, issued a press release announcing the appointment of Mr. Likando Lyuwa as Data Protection Commissioner ("Commissioner") under the Data Protection Act No. 3 of 2021 (the “DPA”). Following this announcement, we await appointment of the two Deputy Data Protection Commissioners and other staff as may be necessary for the performance of the functions of the office of the Commissioner. [embeddoc url="https://corpus.co.zm/wp-content/uploads/2023/06/Legal-Alert-Data-Protection-Commissioner.pdf" download="all"] ...

09 May

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Corpus Legal Practitioners and ZCAS University sign collaboration MoU

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Lusaka, 8th May 2023 – Corpus Legal Practitioners (“CLP”) and ZCAS University (“ZCAS”) on Monday, 8th May 2023, signed a Memorandum of Understanding (“MoU”) whose areas of collaboration include legal research, financial support for school activities and retention of students on internship and possible permanent employment.

ZAMBIAN CENTRAL BANK PRESCRIBES GUIDELINES FOR THE FIT AND PROPER ASSESSMENT FOR THE APPOINTMENT OF SHAREHOLDERS, DIRECTORS AND SENIOR MANAGEMENT IN ENTITIES UNDER ITS SUPERVISION

Unlocking Zambia’s Mining Potential: Insights and Prospects at Mining Indaba 2024

ZAMBIAN CENTRAL BANK PRESCRIBES THE IRREDUCIBLE CORE FOR FINANCE LEASING

DATA PROTECTION ACT NO. 3 OF 2021

UNLOCKING EFFICIENCY – THE DIGITAL CLEARANCE PROCESS

AGRICULTURAL INSTITUTE OF ZAMBIA ACT

National Payment Systems Directives on Electronic Money Issuance Gazette No. 958 of 2023

The Zambia Development Agency Act No.17 of 2022 and the Investment Trade and Business Development Act No. 18 of 2022

CONSTITUTION OF THE OFFICE OF THE DATA PROTECTION COMMISSIONER ON THE HORIZON

Corpus Legal Practitioners and ZCAS University sign collaboration MoU

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