The Deposit Insurance Board has by Notice dated 6 March 2022 invited all depositors and other creditors of FBME Bank Limited (under liquidation) to share comments regarding the liquidation of FBME Bank through the DIB website www.dib.go.tz and the BOT website www.bot.go.tz. Please contact us if you have any comments or questions.
Written Laws (Miscellaneous Amendments) (No 4) Bill 2021 includes proposed changes to the Employment Regulations as outlined briefly below: Amendment to ensure that there is a simplified and improved manner of issuing work permits to non-citizen workers as incentive to foreign and local investors who have decided to employ non-citizens. Amendment to extend time limit … Read more
Written Laws (Miscellaneous Amendments) (No 4) Bill 2021 includes proposed changes to the Mining Act RE 2019 (CAP 123) as outlined briefly below: Amended to strengthen the Government’s participation in the management of its 16% free carried interest shares in mining companies holding mining licences or special mining licences. Amended to facilitate establishment of special arrangements … Read more
Written Laws (Miscellaneous Amendments) (No 2) Bill 2021 included some proposed changes in January 2021 to the Companies Act 2002 (CAP 212) of which the following were enacted in September 2021 by the Written Laws (Miscellaneous Amendments) (No 3) Act 2021 as outlined briefly below: Introduction of requirement for a Company to notify the Registrar … Read more
Business Registrations and Licensing Agency (BRELA) extended the time for submission of information on beneficial ownership of shares for 12 months to 31 December 2021 and gave Notice in April 2021 that it was in the last stages of completing the Companies (Beneficial Ownership) Regulations to specify the modality of submission and keeping of Beneficial Ownership … Read more
The Prime Minister Kassim Majaliwa has assured investors that the government will make everything possible to end challenges affecting investments in Tanzania, including reviewing unfriendly laws. Please see Guardian Article 20 April 2021.
The Electricity (Development of Small Power Project) Rules 2019 GN 45 replace the earlier 2018 Rules.
The President of the United Republic of Tanzania, His Excellency Dr John Magufuli, delivered the inaugural speech for his second presidential term on November 13, 2020, during which he also initiated the business of the 12th Union Parliament. The contents of President Magufuli’s speech – alongside the ruling party CCM’s 2020-2025 election manifesto – will … Read more
We are pleased to share a link to the latest version of Establishing a business in Tanzania on Practical Law Global Guides by Nicholas Zervos, Janet Ndyetabura, Clara Mramba, Geoffrey Gasper, Habyalimana Mayeye, Diana Nasson and Benson Kisamarwa of VELMA Law. Please contact us if you have any comments or questions.