Arbitration Bill Tanzania 2020

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

Microfinance Business service providers in Tanzania

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

LATRA Bill 2018

A Land Transport Regulatory Authority Bill 2018 has been presented to Parliament. If approved this shall establish Land Transport Regulatory Authority (LATRA) to control services in: rail transport; commercial road transport; commercial underground; and cable transport, in place of Surface and Marine Transport Regulatory Authority (SUMATRA). Please contact us if you have any comments or questions.

Tanzania Investment Policy Assessment May 2018

USAID has published its Tanzania Investment Policy Assessment 2018 via its East Africa Trade + Investment Hub. Statistics are from United Nations Conference on Trade and Development (UNCTAD). See: http://unctad.org/en/Pages/statistics.aspx The set of investment policy questions that guided the research process are adapted from the World Bank Group. See http://documents.worldbank.org/curated/en/666341500008847215/pdf/117475-PUBLIC-WP-13-7-2017-12-8-30-SPIRAToolKitGuide.pdfInternational best practice is cited from several … Read more

Blueprint for Regulatory Reforms to Improve Tanzanian Business Environment

Ministry of Industry, Trade and Investment, Dodoma has in May 2018 published a Blueprint for Regulatory Reforms to Improve the Business Environment dated December 2017. The Blueprint provides the Government’s main framework for enabling a holistic review of the business enabling environment (BEE) in order to improve the business climate in Tanzania. It presents key … Read more

Mining – Local Content Regulations 2018

Mining – Local Content Regulations 2018 have been published. They are detailed and concise in their scope and application but are materially unclear in some aspects. As regards foreign service providers please note for instance: Regulation 8(6): A non-indigenous Tanzanian company which intends to provide goods or services to a contractor, a subcontractor, licensee, the Corporation or … Read more