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 entity contractual obligations under PPP Agreements, but rather continues to refer to guarantees of loans to public entities. Comments on the Bill have been requested and it is hoped this issue will be addressed.

 

Latest News

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...

Microfinance Business service providers in Tanzania
Microfinance Act 2018 was enacted by National Assembly on 16 November 2018 (see VELMA Law earlier post) and now the Bank of Tanzania (BOT)...