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
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
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
Please see this Newspaper Article. We are watching this space closely.
The Capital Development Authority (CDA) has been disbanded by the Presidential Order on 15 May 2017 and its properties, employees and activities shall be moved to the Dodoma Municipal Council. This is in order to avoid confusion and conflicts in the provision of services to members of the public between the CDA and Dodoma Municipal Council. Please note: … 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
A draft National Land Policy 2016 has been circulated for consultation with stakeholders. This is a revision of the National Land Policy 1995. Items of note include that the Government shall ensure that : Private sector encouraged to mobilise resources to develop land through PPPs (para 7.2.4). Mining projects shall compensate any affected land surface rights which … Read more
Villagers claim compensation has not been handed on to them 2004-2012. See Article in Citizen Newspaper.
Villagers told not to sell land.
Companies Limited by Guarantee (CLG) to move to NGO regime
A draft bill Written Laws (No 3) Certificate of Urgency (draft 30 May 2019) is currently under debate in Parliament to require any companies...
Mortgage finance in Tanzania – new regulations
Further to the 8 February 2018 constraints for mortgage finance in Tanzania (as per Part IV Written Laws (Miscellaneous Amendments) Act 2018 – see our...
Mining – Local Content Regulations 2019
New Mining (Local Content) (Amendments) Regulations 2019 have made some changes to the Mining (Local Content) Regulations 2018, which include: Local shareholding requirement for...