The Parliament of Tanzania passed the Personal Data Protection Act on 01st November 2022 and the highlights are as follows: The Act…
NOW PUBLISHED The Minister of Minerals on 23th September, 2022 published the Mining (State Participation) Regulations, 2022 (the Regulations) which revoke similar…
The Minister of Minerals recently made several amendments to the Regulations affecting mineral rights in Tanzania. One of the laws affected is the Mining (Mineral Rights) Regulations of…
We wish to highlight the amendments made to the Mining (Local Content) Regulations on 8 July 2022: The definition of a contractor now made wider to include all…
The Finance Act, 2022 – Key Amendments The Finance Act of 2022 was published on 30th June 2022 and it came into force from 1 July 2022. It…
The Government of Tanzania through the Governor of Bank of Tanzania ( BOT) has published the Foreign Exchange Regulations of 2022 revoking the Foreign Exchange Regulations of 1998…
The Minister of Energy through Government Notice No. 143 of 2022 has published the Amendment to the Petroleum (Local Content) Regulations of 2017 (the Regulations). The Petroleum (Local…
These are common in construction contracts or other concession agreements where there are performance target(s) set between the parties. In Tanzania, performance bonds are common in…
What is a non-performing loan (NPL)? It is a loan in which the borrower is in default because they have not made the scheduled…
Companies Act Amendments: (a) The Companies Act now requires the transfer or transmission of shares must be notified to the Registrar of Companies within 28 days from the…