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 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 a Tanzanian bank reduced from 51% to 20%.

Please contact us if you have any comments or questions.


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)...