#regulation

The departure of ITHUBA Uganda Limited from the National Lottery has highlighted the challenges and resilience of Uganda's expanding digital gambling sector. This transition has prompted the regulatory body to intervene, raising questions about the stability of the industry as it continues to grow.

Kenya is advancing its regulation of the digital asset market with the proposed Virtual Asset Service Providers (VASP) Regulations, 2026. These draft regulations aim to establish a formal legal framework for businesses in the cryptocurrency and digital asset sector, transitioning from an unregulated environment to one that requires licensing and compliance, according to Sharp Daily.

The Securities and Exchange Commission (SEC) of Nigeria has approved Koinkoin Global Network Limited, GIGX Technologies, Blockvault Custodian Ltd, and six other Virtual Asset Service Providers (VASPs) for its Accelerated Regulatory Incubation Programme (ARIP). This Approval-in-Principle allows the nine entities to commence operations within the SEC's regulatory sandbox.

South Africa's franchise industry, valued at R1 trillion and supporting approximately 500,000 jobs, is undergoing a significant regulatory examination following a market inquiry initiated by the Competition Commission. This inquiry addresses allegations of unfair business practices within the sector, marking the most comprehensive investigation to date.

JamiiForums reports on the need to strengthen the management of garages in the region. The discussion emphasizes the importance of improved oversight and regulation to ensure safety and efficiency in garage operations. Stakeholders are encouraged to collaborate in enhancing standards within the industry.

The Kenyan government has stopped parallel importation of medicines and health technologies to enhance oversight and protect citizens from substandard and counterfeit medical products. Health Cabinet Secretary Aden Duale announced that all pharmaceutical imports must now go through approved channels to ensure compliance with quality, safety, and efficacy standards.

ITHUBA Uganda Limited has ceased operations of Uganda's National Lottery just two years into its ten-year license, prompting regulatory intervention to safeguard the interests of players, retailers, and employees. This development marks a significant setback for the country's lottery initiative, which was launched with high expectations.

The Tobacco Bill has been advanced by Parliament, with approximately 10 committee members in favor and one opposed. The bill will undergo a detailed clause-by-clause analysis and consideration, as MPs aim for balanced regulation and a crackdown on illicit trade, according to IOL.

Experts have shared differing views on the effects of new regulatory frameworks implemented by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC) on the fintech sector in Nigeria. The introduction of these rules has led to a division within the industry regarding their potential impact.

The GSM Association has introduced a Satellite Regulatory Playbook aimed at assisting governments in navigating the increasing global demand for satellite connectivity, according to a report by the News Agency of Nigeria.

Stakeholders in South Africa have until 21 August to provide their input on a proposed bill that could significantly alter the regulatory landscape of the telecommunications sector, as parliament prepares to make a decision on the matter.

Brazil is implementing a crackdown on illegal online gambling by freezing the funds of operators and holding banks accountable for their involvement. This move serves as a potential lesson for South Africa, which may need to consider similar measures in its own regulatory approach to online gambling.