With effect from 8 February 2018 there are new constraints for mortgage finance in Tanzania (as per Part IV Written Laws (Miscellaneous Amendments) Act 2018). In short, finance from local or foreign banks (or financial institutions) obtained by mortgages of: any Tanzanian land, must be invested in Tanzania; any un/under developed Tanzanian land, must be used … Read more
TANESCO has published the following 3 Invitations for Qualification: TANESCO IFQ – Large Wind dated 18 September 2018 TANESCO IFQ – Coal dated 18 September 2018 TANESCO IFQ – Large Solar dated 18 September 2018 We have an extensive local energy and projects practice and can assist on any of these IFQs. Please contact us if you have any comments or … Read more
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
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
Deposit Insurance Board has announced that reimbursement of insured deposits of FBME Bank Ltd (under liquidation) to depositors will commence on 1 November 2017.
It is reported that the Deputy Minister for Mineral and Energy, Dr Medard Kalemani said at a sideline of the Oil and Gas Conference in Dar es Salaam: He continued:
The High Court has supported a 2015 award for Coast Textiles Limited against FBME in the order of TZS 92 billion (about USD 41 million). See newspaper article 5 June 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
State House has announced that Geoffrey Idelphonce Mwambe has been appointed as the new Executive Director of Tanzania Investment Centre (TIC). We understand that from June 2016 Mr Mwambe was District Commissioner for Manyoni District in Singida Region and before that Director of Trade, Investment and Productive Sectors at the Ministry of Foreign Affairs and East … Read more
Public Notice 5 May 2017: Bank of Tanzania has discontinued all banking operations of FBME Bank Limited; revoked its banking business license; placed it under liquidation; and appointed the Deposit Insurance Board (DIB) as a Liquidator effective 8 May 2017. Notice to Depositors, Creditors and Debtors 5 May 2017: Depositors, creditors and debtors of FBME … Read more