by Amne | Sep 4, 2023 | Newsletters
On the 30th of August 2023, President Samia Suluhu Hassan (“Mama Samia”) did what many were speculating she would do for the last year – a major cabinet reshuffle. Since she became President 19 March 2021, Mama Samia has been slowly but surely consolidating her power...
by Amne | Jul 21, 2023 | Newsletters
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...
by Amne | Jul 19, 2023 | Newsletters
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...
by Amne | Jul 19, 2023 | Newsletters
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,...
by Amne | Jul 19, 2023 | Newsletters
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...
by Amne | Jul 19, 2023 | Newsletters
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...
by Amne | Jul 19, 2023 | Newsletters
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...
by Amne | Jul 19, 2023 | Newsletters
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...
by Amne | Jul 11, 2023 | Newsletters
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...
by Amne | Jun 28, 2023 | Newsletters
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%...
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