New Mining (Local Content) (Amendments) Regulations 2019 have made some changes to the Mining (Local Content) Regulations 2018, which include: Local shareholding requirement for indigenous Tanzanian companies reduced from 51% to 20%. Timeline extensions for review of local content plans by Mining Commission and Local Content Committee, starting at 60 days. Local shareholding requirement for … Read more
Mining Commission has published Guidelines for Submission of Local Content Plans 2018. Please contact us if you have any comments or questions.
Mr Job Ndugai, Chairman of the Parliamentary Select Committee formed to investigate how Tanzania benefits from gas and oil extraction, has said renegotiating of contracts with all companies engaged in oil and gas sector in the country was inevitable because under the existing PSAs Tanzania will not benefit from its natural resources. See full Article … 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
The Mining Commission has begun to review applications of various mining licenses for the purpose of issuing licenses to applications that will meet certain criteria and has issued a Public Notice dated 18 May 2018 (unofficial translation). Please contact us if you have any comments or questions, so we can advise you further.
The Mining Commission was established in accordance with Section 21 of the Written Laws (Miscellaneous Amendments) Act No. 7 of 2017. On 17 April 2018, Hon. President of the United Republic of Tanzania, Dr. John Pombe Joseph Magufuli, appointed the Chairman and Commissioners for Mining Commission in accordance with the Act. In order to carry … Read more
The President, Dr John Pombe Magufuli, on Wednesday 18 April 2018 has appointed with immediate effect Professor Idris Suleiman Kikula, a former vice chancellor of a state university, as Chairman of the new Mining Commission and also named 8 Commissioners to serve under him, to regulate and monitor the mining industry and mining operations in Tanzania … Read more
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
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:
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...