Microfinance Bill (published November 2018)

A Microfinance Bill has been published on 5 November 2018. It is set to regulate licensing and registration of deposit and non-deposit taking microfinance business in 4 tiers: Tier 1 – deposit taking microfinance service providers, such as banks and microfinance banks. Tier 2 – non-deposit taking microfinance service providers, such as credit companies and financial … Read more

Mortgage finance in Tanzania – new rules

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

TANESCO Invitations for Qualification (Wind, Coal, Solar)

TANESCO has published the following 3 Invitations for Qualification: TANESCO IFQ – Large Wind dated 18 September 2018 TANESCO IFQ – Coal dated 18 September 2018 TANESCO IFQ – Large Solar dated 18 September 2018 We have an extensive local energy and projects practice and can assist on any of these IFQs. Please contact us if you have any comments or … Read more

Public Private Partnership (Amendment) Act 2018 – unsolicited proposals

The Public Private Partnership (Amendment) Act 2018 will permit (see section 15(2) PPP Act, as amended) exempt unsolicited proposals from competitive tendering in the following circumstances: the project shall be of priority to the Government at the particular time and broadly consistent with the government strategic objectives; the private proponent does not require Government guarantee or any … Read more

Tax Amnesty

TRA has issued a TRA Tax Amnesty Notice 11 July 2018 further to the Finance Act 2018. A taxpayer must submit form ITX207.01.E which is found on the TRA Website. Please contact us if you have any comments or questions, so we can advise you further.  

Budget Speech June 2018

Copy of Budget Speech 2018 by Minister for Finance and Planning for the estimate of government revenue and expenditure for 2018/19. This shall be debated in Parliament and a resultant Finance Act shall be enacted of the approved provisions.  NB not all the proposals are certain to make it through. Please contact us if you have any … Read more