COMESA Archives - AfricaBusiness.com

10Jun

By Africa BusinessNo Comments

African News

Why choose Mauritius for your cross-border business structuring?

Known by tourists for exquisite beaches, stunning landscapes and for being a multicultural island, Mauritius is considered as a leading country for cross-border business structuring by the international business community. The country’s strong network of strategic Free Trade Agreements contributes to consolidating its leading position as a trade platform between Africa and Asia. What makes Mauritius a global business jurisdiction? What are the advantages of choosing Mauritius for cross-border structuring? By offering numerous benefits to companies that are trying to widen their activities worldwide, Mauritius has help to maintain its status as a global business jurisdiction. Positioned in a strategic location between Asia and Africa has created a key advantage for Mauritius as it is p...

3Nov

By Baker McKenzieNo Comments

African News, South Africa News

Africa: COMESA Competition Commission publishes draft guidelines on penalty, settlement and hearing procedures

By Lerisha Naidu, Partner, Sphesihle Nxumalo, Associate, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg The COMESA Competition Commission (Commission) published draft guidelines to the COMESA Competition Regulations, 2004 (Regulations) for public comment on 19 October 2021. The guidelines aim to provide clarity on the Commission's policies and procedures, and to foster transparency and certainty in the administration and enforcement of the Regulations. These draft guidelines are based on international best practices and policy approaches of key regulators, including the European Commission. They address three fundamental areas of regulatory enforcement – the determination of fines and administrative penalties, settlement procedur...

21Oct

By Angelo TzarevskiNo Comments

Main

Increasing competition policy enforcement across Africa

By Angelo Tzarevski, Associate Director, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg Competition policy continues to be viewed by regulators as a key driver of economic growth globally. Across Africa, competition policy enforcement is increasingly being employed as a tool to boost economic performance and promote the revitalization of trade and industry following the devastating impact of COVID-19. The effects of the pandemic have led to negative economic growth in a number of African jurisdictions, and have given rise to opportunistic, anticompetitive behaviours such as unreasonable price increases and price gouging, coordination amongst competitors, and other unsavoury business practices that erode competition. Over the pas...

1Oct

By Baker McKenzieNo Comments

Ethiopia News, Kingdom of Eswatini News, Main, Malawi News, Mozambique News, Namibia News, South Africa News

Increasing competition policy enforcement across Africa

By Angelo Tzarevski, Associate Director, and Zareenah Rasool, Candidate Attorney, Competition & Antitrust Practice, Baker McKenzie Johannesburg Competition policy continues to be viewed by regulators as a key driver of economic growth globally. Across Africa, competition policy enforcement is increasingly being employed as a tool to boost economic performance and promote the revitalization of trade and industry following the devastating impact of COVID-19. The effects of the pandemic have led to negative economic growth in a number of African jurisdictions, and have given rise to opportunistic, anticompetitive behaviours such as unreasonable price increases and price gouging, coordination amongst competitors, and other unsavoury business practices that erode competition. Over the pas...

16Apr

By Baker McKenzieNo Comments

Botswana News, Egypt News, Main, Mauritius News, Morocco News, South Africa News

Competition law in post-pandemic Africa a key driver for market participation, consumer protection and fair practices

With the growth of economies across Africa, competition law has remained one of the key drivers for effective market participation, consumer protection and fair business practices. However, the global pandemic introduced new challenges for competition authorities in Africa and abroad, with each enforcer pursuing the most beneficial enforcement method for its national or regional jurisdiction. According to Lerisha Naidu, Partner in Baker McKenzie’s Competition & Antitrust Practice in Johannesburg, “These efforts were aimed at curbing the persistence of unjustified price hikes, anticompetitive cooperation between competitors and other harmful business practices that sought to undermine competition. In addition to the urgent responses to the unprecedented impacts of the global COVID-19 c...