Written Laws (Miscellaneous Amendments) No 1 Bill 2020 has been presented to the Tanzanian Parliament in January 2020 and proposes the following changes to the Fertilizers Act Cap 378: It an offence for any person who sells fertilizer or fertilizer supplements above the indicative price. The Minister may restrict or prohibit exportation or importation of fertilizer … Read more
Written Laws (Miscellaneous Amendments) No 1 Bill 2020 has been presented to the Tanzanian Parliament in January 2020 and proposes the following changes to the Electricity Act 2008: A Commissioner for Electricity Affairs shall appointed by the President and shall advise the Minister of Energy on specified matters. Notwithstanding any payments made for supply of … Read more
Written Laws (Miscellaneous Amendments) No 1 Bill 2020 has been presented to the Tanzanian Parliament in January 2020 and proposes the following changes to the Grazing Land and Animal Feed Resources Act Cap 180: The grazing land delineated by the villages through land use planning shall be protected with clear marks on boundaries, registered and published … Read more
The Tanzanian Parliament has passed a bill to enact the new Arbitration Act 2020 (Bill). It now awaits Presidential assent before being passed into law to replace the existing Arbitration Act 1931. The Bill provides for conduct relating to “domestic commercial arbitration”, “international, commercial arbitration” and enforcement of foreign arbitral awards and related matters. Key … Read more
A draft bill Written Laws (No 3) Certificate of Urgency (draft 30 May 2019) is currently under debate in Parliament to require any companies limited by guarantee (CLG) which are not carrying out commercial activities to move to be registered and governed under the Non Governmental Organisation regime.
Further to the 8 February 2018 constraints for mortgage finance in Tanzania (as per Part IV Written Laws (Miscellaneous Amendments) Act 2018 – see our earlier post), supporting Regulations have been published with effect from 26 April 2019. In short: Detailed definitions of “undeveloped” and “underdeveloped” land. Details of the amount of development required over 5 … Read more
New Mining (Local Content) (Amendments) Regulations 2019 have made some changes to the Mining (Local Content) Regulations 2018, which include: Local shareholding requirement for indigenous Tanzanian companies reduced from 51% to 20%. Timeline extensions for review of local content plans by Mining Commission and Local Content Committee, starting at 60 days. Local shareholding requirement for … Read more
Microfinance Act 2018 was enacted by National Assembly on 16 November 2018 (see VELMA Law earlier post) and now the Bank of Tanzania (BOT) has published a Notice to the public requiring all persons engaged in “microfinance business” to submit to BOT by Thursday 31 January 2019 the detailed corporate and financial background information listed in … Read more
Statistics Act 2015 amended (as of September 2018), including as follows: A person shall not collect statistics through surveys or censuses, and shall not disseminate or otherwise communicate to the public any statistical information, except with approval of Statistician General. There is a penalty of TZS 10 million, or imprisonment of minimum 3 years, or both, … Read more
Every company, NGO etc registered and conducting business in Tanzania shall register and use .tz domain name (TCRA Notice 2018). Please contact us if you have any comments or questions.