BRELA Beneficial Ownership notification

Business Registrations and Licensing Agency (BRELA) extended the time for submission of information on Beneficial Owners for 12 months to 31 December 2021 and has given Notice in April 2021 is in the last stages of completing the Companies (Beneficial Ownership) Regulations that will specify the modality of submission and keeping of Beneficial Ownership information.

It’s a new dawn for investors in Tanzania (4 Jan 2021)

The President of the United Republic of Tanzania, His Excellency Dr John Magufuli, delivered the inaugural speech for his second presidential term on November 13, 2020, during which he also initiated the business of the 12th Union Parliament. The contents of President Magufuli’s speech – alongside the ruling party CCM’s 2020-2025 election manifesto – will … Read more

TIC moved to President’s Office

“To enhance efficiency, President Dr John Pombe Magufuli announced that the investment portfolio has been moved to the President’s Office from the Prime Minister’s Office. He said that investors have been complaining of unnecessary bureaucracy and most of them are discouraged to invest in the country due to unnecessary delays of permits and other documents. … Read more

Mining (State Participation) Regulations 2020

The Mining (State Participation) Regulations 2020 have been published to give more details on the acquisition and control of Government’s non-dilutable free carried interest shares in a mining company. Of particular note is the right of Government to “receive a proportionate share from any repaymentof either equity, shareholding loan or third-party loan” (see Regulation 10(1)(k)). … Read more

SIM card registration (Tanzania 2020)

It is mandatory for users and owners of SIM cards in Tanzania to register by 30 June 2020 biometrically with their respective mobile network operators or authorised distributors, agents or dealers by using a National Identity Card or a National Identity Number (as per Electronic and Postal Communications (SIM Card Registration) Regulations 2020). If not duly registered then … Read more