IR Global member for Energy Law

Abenry & Company is appointed the exclusive IR Global member for Energy Law in Tanzania. IR Global is a multi-disciplinary professional services network that provides legal, accountancy, and financial advice to companies and individuals around the world. Represented in 155+ jurisdictions and covering over 70 unique practice areas, our IR Global membership gives us an international reach offering the highest…

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AMENDMENT TO THE COMPANIES ACT, CAP 212 (Requirement to Notify the Registrar on Shareholding Changes within 28 Days)

The Written Laws (Misc. Amendments) (No.3) Act, 2021 has amended the Companies Act, Cap 212 by introducing the requirement to all registered companies to notify the Companies Registry when a transfer or transmission of shares has been made in a company. The amendment of the law requires a company which has transferred or transmitted its shares to new shareholder, to…

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THE NEW MINING (STATE PARTICIPATION) REGULATIONS 2020

Analysis of the Mining (State Participation) Regulations 2020 The Mining (State Participation) Regulations 2020 have been introduced to provide further clarity on matters concerning Non-Dilutable Free Carried Interest (FCI) in the capital of a mining company or person holding mining license or special mining license. The scope of these regulations only extend to holders of a ‘Mining License’ and a…

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Amendment of the mining act and its impacts to the mining industry in Tanzania

The Mining Act was passed and came into force in 2010. The said Mining Act repealed the Mining Act of 1998. The purpose of Mining Act, 2010 was to provide substantial provisions that regulate the law relating to prospecting for minerals, mining, processing and dealing in minerals, granting, renewal and termination of mineral rights, payment of royalties, fees, charges and…

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New amendments to the land act affecting mortgaging in Tanzania

The Parliament of Tanzania has recently passed the Written Laws (Miscellaneous Amendments) No. 1 of 2018 an Act that amends certain written laws. The Act amends Section 45 and 120 of the Land Act, 1999 (“Land Act”) and introduces new sections 120A, 120B, 120C, 120D and 120E. The amendments introduce new restrictions on borrowing by land owners from financial institutions…

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