On 1st September 2023, the Governor of the Bank of Tanzania issued the Foreign Exchange (Amendment) Regulations, 2023 (the “2023 Amendments”) through the Government Notice No. 622. These regulations amend the Foreign Exchange Regulations, 2022. The 2023 Amendments include: Removal…
On 21st July 2023 the Government of Tanzania passed new Regulations on the retention and disposal of company documents. Below are the key highlights on the new Regulations with a view of highlighting the important regulatory and compliance requirements. Requirement…
Update on The Public Private Partnership (Amendment) Act of 2023 and a Comparison of the Amendments to the Public Private Partnership Act, Cap. 103 in Tanzania. Public-Private Partnerships (PPPs) play a crucial role in fostering economic growth, infrastructure development, and…
The Finance Act, 2022 amended the Companies Act, Cap 212 by deleting the default fine and substituting the same with a fine of not less than Tanzania Shillings One Hundred Thousand (TZS. 100,000) for failure to comply with, among other…
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…
In September 2018, the highly anticipated Public Private Partnership (the PPP Amendment Act), No.9 of 2018 was gazetted. In this article, we set out some of the key amendments that have been made that will encourage investors to propose PPP…
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 The said Mining Act repealed the Mining Act of 1998.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…
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…
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