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Wednesday, 21 November 2018

E-commerce Act to be ready in 1Q2019

LEGISLATION WATCH- E-Commerce Act coming in 1Q2019: The Communication and Information Technology Ministry will finish drafting a new law regulating e-commerce in 1Q2019, CIT Ministry official Mohamed Hegazy told Al Mal. The ministry will hold public consultations on the bill before the end of November in cooperation with the central bank as well as the trade and finance ministries. Industry players including representatives from Jumia, Souq, Facebook and Google will be invited to join, Hegazy said. The inclusion of the last two suggests the act will not just cover the online sale of goods, but also the sale of ads on web and social platforms. An official had previously said the legislation would be ready to present to the Madbouly Cabinet in 1H2019.

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