law

Rwanda's Currency Regulations: A Shift Towards Economic Stability In a significant move aimed at strengthening its economy, the National Bank of Rwanda (NBR) has announced that it will enforce stringent penalties on businesses and individuals who engage in transactions or price quoting in U.S. dollars or other foreign currencies without obtaining proper authorization. This initiative is more than just a regulatory measure; it's a vital step towards establishing and reinforcing the use of the Rwandan Franc in local trade.…

Burkina Faso's Bold Move to Enhance National Profit in Gold Mining In a significant development for its mining landscape, Burkina Faso has officially increased its free-carried equity stake in key gold mining projects from 10% to 15%. This change comes in line with the provisions outlined in the new Mining Code, which was adopted in August 2024. It's a pivotal moment, one that reflects a larger narrative of national sovereignty and economic empowerment. This adjustment affects several prominent mining assets, including…

Kenya stands at a contentious crossroads, as the delay in passing the Conflict of Interest Bill, 2023 casts a long shadow over the country’s financial stability. This postponement has not only stalled the disbursement of a critical World Bank loan but has also created a concerning funding gap for the National Treasury. With the end of the financial year just weeks away, the urgency of this situation can't be overstated. Treasury Cabinet Secretary John Mbadi recently emphasized the gravity of the matter. He stated, “If…

The Complex Dance of Development and Human Rights: A Closer Look at Uganda’s Anti-Homosexuality Act The World Bank made headlines in 2023 when it suspended funding to Uganda in response to the Anti-Homosexuality Act (AHA) that the Ugandan parliament approved. The Bank, a global financial institution, articulated that this new law was antithetical to its core values, signaling a bold stance amid a rapidly shifting landscape of international ethics. The AHA has not only sparked outrage but also incited international…

Edited By Ali Musa Axadle Times International–Monitoring. In a realm where policy meets innovation, a significant discourse has emerged in South Africa, underscoring the intricate dance between local regulations and global tech giants. On an otherwise unremarkable Monday, the landscape of South Africa's communication sector was thrust into the spotlight. "Why?" one might ask. The answer weaves a tale of ambition, regulation, and yes, even Elon Musk. A senior lawmaker in South Africa raised the alarm, pointing a…

The Final Stand of South Korea's Ousted President: A Nation in Turmoil In a dramatic and defining moment for South Korea, the nation stands on the precipice of a significant political decision: its ousted president, Yoon Suk Yeol, faces his last impeachment hearing. This moment carries deep implications, as judges prepare to determine whether they will formally remove him from office due to his controversial declaration of martial law. Last December, Mr. Yoon announced a suspension of civilian rule, a move that sent…

In a surprising twist that’s stirred the political waters in Liberia, the leadership of the Liberian National Police has identified several lawmakers, including the embattled Speaker Fonati Koffa, as "persons of interest" in the troubling investigation surrounding the recent fire at the Capitol Building—home to the nation’s legislative activities. The Capitol, once a proud symbol of democracy, now bears the scars of controversy that threaten to engulf its inhabitants. In a formal communication directed to the House of…

The ministers of justice and Islamic affairs in Morocco are pushing for significant reforms to the nation's family law. For years, advocates for women’s rights have been calling for an overhaul of the legal framework designed to safeguard women and children within familial structures. They seek not just modifications but a fundamental shift towards equality, particularly regarding inheritance rights, custody of children, and a complete ban on child marriages. This bold initiative proposes more than 100 amendments to the…

Human rights advocates are strongly encouraging the authorities in Mozambique to take decisive action against the ongoing repression and violence directed at protesters challenging the questionable election results. The Committee to Protect Journalists has painted a grim picture of the situation, stating that the nation has "plunged into turmoil as security forces engage in violent confrontations." Disturbingly, they report that at least nine journalists have faced assault or arrest, while two foreign correspondents have…

In a bustling week peppered with captivating headlines, a noteworthy claim has emerged regarding the Yemeni Houthis and their purported financial activities involving the Red Sea. Maritime lawyer Stephen Askins from Tatham & Co is casting a critical eye over these claims, raising a skeptical eyebrow at the notion that the Houthis are banking $180 million a month from maritime companies seeking safe passage through these waters.Mogadishu (AX) — The swirling rumors suggest that hefty payments are navigated through an…