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

Standard Form Consumer Contracts

Fair Competition Commission (FCC) published a second notice in October 2015 that: With effect from 1 January 2016, all “standard form contracts” should be registered with the FCC and are subject for review. All standard form contracts in use, should also be submitted for registration and review by the FCC. We understand the FCC position … Read more

FCC Threshold for Notification

By Fair Competition (Threshold for Notification of a Merger) (Amendment) Order 2017 the threshold for notification of a merger has been increased from TZS 800,000,000 (about USD 360,000) to TZS 3,500,000,000 (about USD 1,500,000). “Merger” means an acquisition of shares, business or other assets, whether inside or outside Tanzania, resulting in the change of control of … Read more

FBME – Notices on 12 May 2017

Notice to Depositors dated 12 May 2017 is given that: Deposit Insurance Board (DIB) has commenced the process of stocktaking and verification of assets and liabilities of the said FBME Bank (Under Liquidation) (FBME). Depositors of FBME will be notified by DIB of the Pay-out Plan of their protected deposits in accordance with the law upon … Read more