Regulatory Sandboxes in a Nutshell: The East African Story

Endoxa Admin Legal Updates, Regulatory

Regulatory sandboxes are relatively new approach to the regulatory and supervisory treatment of innovative products and services. The first regulatory sandbox was registered in 2015 by the UK Financial Conduct Authority (FCA) when it coined the term "regulatory sandbox".. Please click HERE to download the full article.

Personal Data Protection Act, 2022

Endoxa Admin Data Protection, Legal Act
WHAT YOU NEED TO DO?

Recently, our firm, Endoxa Law, is receiving a lot of queries from clients seeking to understand and implement the requirements in the Personal Data Protection Act, 2022. Whilst the Minister of Information, Communication and Information Technology has not yet published the notice making this law operational, we are advising clients to commence the preparatory work for their business to be compliant. The starting point should be the process of amending agreements to incorporate data protection and information security provisions. However, there is a lot more that needs to be done.

In this article, we consider why and how our clients should start preparing for the arrival of the Personal Data Protection Act, 2022, and how this Act will become a game changer. [ Download full article ]

Tanzanian Chapter: Global Legal Insight: Fintech Fourth Volume, May 2022

Endoxa Admin Legal Updates, Regulatory

Endoxa Law is pleased to share the publication of the Tanzanian Chapter of the GLI Fintech publication containing a summary of the fintech regulatory regime in Tanzania.  The article reflects the regulatory regime as at 30th April 2022.  Since then, the government has published the Foreign Exchange Regulations 2022 which extends outward cross border remittances beyond the EAC countries to SADC countries and has been received positively by stakeholders. [ See article ]

IFC championing Gender Equality, 8 September 2022

Endoxa Admin Legal Updates

Our partner, Doxa Mbapila, is pictured below during the breakfast meeting celebrating the achievement of the International Finance Corporation’s (IFC) Finance2Equal project in Tanzania on the 8th September 2022. The Finance2Equal Tanzania initiative was launched in 2019 to identify ways to reduce gender gaps and enhance women’s access to opportunities in the sector. Congratulations to the 5 banks and 2 insurance companies who worked with the IFC to reduce the gender gap as part of this project and the 22 women featured in the report on Leading Tanzanian Women in Financial Services: An Examination of Gender Equality in Tanzania’s Financial Services Sector which can be accessed at:.  https://www.ifc.org/wps/wcm/connect/region__ext_content/ifc_external_corporate_site/sub-saharan+africa/resources/leading_tanzanian_women_in_financial_services