The Minister of State in the Prime Minister’s Office, Policy, Parliamentary Affairs, Labour, Employment, Youth and the Disabled, Ms Jenista Mhagama, has warned that stern legal measures will be taken against all employers failing to fully comply with the law, through contributions to the WCF, which became operational in July 2015. See article in Daily News on … Read more
Notice has been issued to encourage compliance to register and use .tz domain names Tanzania. Failure to comply will attract fine and/or imprisonment as stipulated under Electronic and Postal Communications Act.
Deposit Insurance Board has announced that reimbursement of insured deposits of FBME Bank Ltd (under liquidation) to depositors will commence on 1 November 2017.
Bank of Tanzania (BOT) in collaboration with Tanzania Investment Centre (TIC), and National Bureau of Statistics (NBS) is conducting a survey of establishments with foreign liabilities in Tanzania. The survey will be implemented during November 2017 to March, 2018 and will cover data for 2015 and 2016. During the survey, a team of researchers from … 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:
Fair Competition Commission (FCC) published a second notice in October 2015 that: With effect from 1 January 2016, all “standard form contracts” should be registered with the FCC and are subject for review. All standard form contracts in use, should also be submitted for registration and review by the FCC. We understand the FCC position … Read more
Please see this Newspaper Article. We are watching this space closely.
On 27 July 2017 the Minister of State, Prime Minister’s Office, Policy, Parliamentary Affairs, Labour Youth, Employment and the Persons with Disability, instructed all employers (even with only 1 employee) to register with Workers Compensation Fund (WCF). She noted that many employers have not complied with the requirement to register and gave a grace period of … Read more
By Fair Competition (Threshold for Notification of a Merger) (Amendment) Order 2017 the threshold for notification of a merger has been increased from TZS 800,000,000 (about USD 360,000) to TZS 3,500,000,000 (about USD 1,500,000). “Merger” means an acquisition of shares, business or other assets, whether inside or outside Tanzania, resulting in the change of control of … Read more
On 29 June 2017 the Government submitted the 3 Bills to the National Assembly under a Certificate of Urgency: Natural Wealth and Resources Contracts (Review and Re-Negotiation of Unconscionable Terms) Bill 2017 (NWRCR) Natural Wealth and Resources (Permanent Sovereignty) Bill 2017 (NWR) Written Laws (Miscellaneous Amendments) Bill 2017 A public hearing by the Parliamentary Committee will be … Read more