3 Bills re Mining and Oil and Gas

On 29 June 2017 the Government submitted the 3 Bills to the National Assembly under a Certificate of Urgency: Natural Wealth and Resources Contracts (Review and Re-Negotiation of Unconscionable Terms) Bill 2017 (NWRCR) Natural Wealth and Resources (Permanent Sovereignty) Bill 2017 (NWR) Written Laws (Miscellaneous Amendments) Bill 2017 A public hearing by the Parliamentary Committee will be … Read more

Minister of Energy and Minerals fired

Following the mineral sand Committee report led by Chairman Professor Abdulrahman Mruma, President Magufuli yesterday, 24 May 2017: fired the Minister of Energy and Minerals, Professor Sospeter Muhongo; dissolved Tanzania Minerals Audit Agency (TMAA) Ministerial Advisory Board; and suspended the TMAA’s Chief Executive Officer, Engineer Dominic Rwekaza. Some English language newspaper reports: Daily News Citizen Guardian … 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

National Land Policy 2016

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

Unleashing Tanzania’s mining potential

In Summary While the current government has rightly highlighted industrialisation as its priority, one should not ignore the potential role that mining can play. Indeed, a large chunk of the foreign exchange income and economic growth over the last decade can be directly attributed to mining. A lot of the public debate on mining has … Read more

Importance of Tax Advice When Investing in Emerging Markets

Read here a view on the Court of Appeal decision where the Tanzanian Court of Appeal has upheld the April 2016 decision of the Tanzanian Tax Revenue Appeals Tribunal that a UK-listed subsidiary (Acacia Mining PLC (Acacia)) of Canadian gold mining parent (Barrick Gold Corporation) entered into “a sophisticated scheme of tax evasion,” designed to … Read more