An Overview of Investment Regulations in Kenya and Tanzania: 6 Points to Consider About Investing in Kenya and Tanzania
Investing in emerging markets can present lucrative opportunities, but understanding and navigating the regulatory landscape is essential for success. Doing business in both Kenya and Tanzania, I am often asked which country is better to do business in. Kenya and...
Tanzania Finance Act of 2022: It Could Have Been So Much More…
The Tanzania Finance Act 2022 was assented on June 30, 2022 and has been effective since July 1, 2022. The Finance Act 2022 has been received with the sentiment that more could have been done to improve the business and investment environment namely undoing the many...
Playing our part: defending constitutional rights of women in Tanzania
I definitely wear many hats, but the one hat I have been thinking hard about the last years is the one of being a citizen and what that means. I am grateful that I have so many skills that I use every day to help investors in Africa and working with big corporations,...
PRIVATE EQUITY AND VENTURE CAPITAL INVESTMENT CAN ALLEVIATE POVERTY IN AFRICA
Prior to working in investments, I naively thought that I could help Africa by working for the United Nations and, coming from a family of civil servants and politicians, it was the obvious choice to navigate towards the UN and “non-profit” world. However, I soon...
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. “...