Issuance of the foreign exchange (amendment) regulations, 2023

Issuance of the foreign exchange (amendment) regulations, 2023

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…

 Update On The Public Private Partnership

Update On The Public Private Partnership

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…

 Update On Beneficial Ownership Disclosure

Update On Beneficial Ownership Disclosure

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…

 The New Mining (State Participation) Regulations 2020

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…