Tanzania’s New Investment Act: “Same – Same but Different”
The New Tanzania Investment Act 2022 has now become law replacing the Tanzania Investment Act Cap 38 RE 2015 and its amendments. While there was an expectation for major changes, the reality is that the new Act is more or less the same as the previous minus a few...
The Tanzania Foreign Exchange Regulations 2022 and What It Means for Traders and Investors in Tanzania and The EAC?
The Tanzania Foreign Exchange Regulations, Government Notice No. 294 published on 13/5/2022 (the “Tanzania Foreign Exchange Regulations”) are creating quite some noise in Tanzania amongst traders and investors. Given the efforts that the government of Tanzania has...
Tanzania’s Finance Bill of 2022: The Good and The Less Good
We have been zealously waiting for the Budget 2022 to come out and the ensuing Finance Bill of 2022 because this is President Samia Hassan Suluhu’s budget in essence. The budget has been received with the sentiment that more could have been done to really improve the...
The New Private Public Partnership Act of Tanzania
The Private Public Partnership (Amendment) Bill of 2023 was adopted in Parliament in June 2023 adding another signal to investors that Tanzania wants foreign investors and private sector to invest in Tanzania. This Bill aimed at addressing the challenges encountered...
TANZANIA’S FINANCE BILL OF 2023
The time of the year is here where the government presents the Budget for 2023/2024 and the Finance Bill that supports the same. On June 26 2023, the Parliament of Tanzania approved the National Budget for 2023/2024 amounting to Tanzania Shillings 44.4 Trillion up 7%...
The Intergovernmental Agreement Between The United Republic of Tanzania and the Emirate of Dubai Concerning the Economic and Social Partnership for the Development and Improving Performance of Sea and Lake Ports in Tanzania dated 25th October 2022
Commentary by Shikana Group Article 1 – Definitions and Interpretation (a) Definition of Terms “Project Company” shall mean DPW or a company registered in Tanzania (being an Affiliate of DPW) which has entered into a Project Agreement to under Project Activities. “...
Uganda Positioning Itself as Nuclear Energy Powered in the East African Region by 2031
Uganda has been in the news lately for all the wrong reasons. Between the rumoured power struggle between President Museveni and his son General Muhoozi Kainerugaba on the one hand, the closing down of the United Nations Human Rights Office in Uganda, and the...
Private Equity Investing in Tanzania
Private equity investing in Tanzania involves providing capital to private companies in the registered in Tanzania, that have a potential for high growth and significant returns on investment. Tanzania is one of the largest economies in East Africa and has significant...
Elon Musk’s Starlink Investment in Tanzania: Why so complicated?
It all started with a Tweet which called out on Elon Musk to come and invest in Tanzania to which Musk responded that Starlink is soon coming to Tanzania and that they are just waiting for government approvals. The Minister for Information, Communication and...
The New Carbon Trading Regulated in Tanzania
End of last year before COP, Tanzania enacted a regulation that provided for the rules of carbon trading in Tanzania. The regulation controls and manages the carbon trading in Tanzania and outlines the duties, rights and obligations of the stakeholders in this trade...