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

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

New Head of TIC

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

FBME – banking licence revoked and placed into liquidation

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

Government Guarantees of PPPs – draft Bill

The Written Laws (Miscellaneous Amendments) Bill (October 2016) has, amongst other things, draft amendments to the Government, Loans, Guarantees and Grants Act to empower the Minister responsible for Finance to manage guarantees issued to Public Private Partnership Projects in accordance with the Public Private Partnership Act 2010. However, the current drafting does not expressly enable guarantees of public … Read more

Single Borrower Limits

Banking and Financial Institutions (Credit Concentration and Other Exposure Limits) Regulations 2014 limit the total amount of credit accommodation which any bank or financial institution may, directly or indirectly, grant to any entity, and its related parties, to 25% when secured by collateral the value of which is at least 125% of the credit accommodation deemed by it … Read more