The Viability Of Competition Law As A Tool Of Economic Inclusion In Uganda
Mwondha Dean Michael
Competition law is an area of increasing importance in developing countries, the disruptions caused by the COVID-19 pandemic have only put more pressure on policy makers to identify and utilize legislative options that can enable the
redistribution and allocation of resources without necessarily disrupting competition among businesses. The growth of economic activities in the East African region, particularly in Uganda, brings with it a range of opportunities, but at the same time presents a set of unique challenges to businesses in Uganda. The absence of a business regulatory framework on competition leaves the door open for abuse of dominance by larger firms and players in the economy. It becomes important to assess how best a comprehensive competition regulatory framework from a domesticated perspective can ensure business inclusion, by considering first the value of such laws in light of business practice and secondly, why such a law is necessary.
Onyiriuka V. A.g. Enugu State: Quo Vadis The Exclusiveness Of The Original Civil Jurisdiction Of The National Industrial Court Of Nigeria?
David Andrew Agbu
This paper interrogates the exclusiveness of the original civil jurisdiction of the National Industrial Court of Nigeria (NICN) over labour-associated fundamental human rights disputes vis-à-vis the jurisdiction of the Federal High Court (FHC) and State High Courts (SHCs) pursuant to sections 46(1), 251 and 272 of the 1999 Constitution of the Federal Republic of Nigeria (1999 CFRN). It examines the effect of the Court of Appeal decision in Mrs. Gloria Lewechi Onyiriuka on the development of Nigeria’s labour jurisprudence and the mandate of the NICN. The paper argues that the decision is diametrically opposed to the section 254C(1)(d) of the I999 Constitution (Third Alteration) Act, 2010 which made the jurisdiction of the NICN over all and sundry labour and employment disputes exclusive. It is contended that the decision was reached per incuriam hence, should be distinguished by the NICN and not follow it sheepishly. The Court of Appeal is also urged to overrule itself where the opportunity presents itself.
Banking Beyond The Banking Hall: A Review Of Digital Banking In Uganda
Nasser Konde
Technology advancement has greatly revolutionized the banking industry in Uganda. This has seen the adoption of digital banking by all financial institutions in the country in order to serve their customers better and to remain relevant in the sector. The COVID-19 pandemic saw a complete shift in the way financial institutions in Uganda offered banking services to customers with many merging and closing down the various bank branches across the country and concentrating their efforts on digital banking. This paper aims at providing an insight on the nature of digital banking, the legal principles that govern digital banking, the legal regime governing digital banking, the risks involved and how to mitigate them.
Cryptocurrency As A Security Asset: Analyzing The Roles Of Various Stakeholders In The Adoption Of Virtual Assets Under The Capital Markets Authority (amendment) Bill, 2023
Aggrey Bazirake
The Fourth Industrial Revolution has ushered in blockchain and virtual assets develop and significantly impact social, economic, and political spheres, including Uganda’s financial ecosystem. However, Uganda Securities Exchange has yet to adopt these technologies. Hon. Nathan Igeme’s Capital Markets Authority (Amendment) Bill 2022 seeks to amend the Capital Markets Authority Act to regulate virtual assets like cryptocurrencies and licensed operators, rather than just products and activities. This article explores the potential consequences of this regulatory development and the measures that need to be taken to seamlessly integrate it into Uganda’s securities framework and stock exchange. It examines the roles of various stakeholders and identifies vulnerabilities that could compromise the system’s efficacy.