Newsletters

Establishing successful business collaborations in East Africa requires more than just a keen eye for investment opportunities. A crucial aspect that often impacts the overall success of joint ventures and partnerships is the management and navigation of cultural...

The journey towards creating a positive impact in East Africa through smart partnerships begins with understanding the nuances of forging successful relationships between foreign investors and local entrepreneurs. By developing a solid foundation for collaboration,...

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...

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...

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...

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,...

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...

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, 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...

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 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...

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%...

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 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 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...

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...

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...

Data privacy has increasingly become important both for investors and advertisers but also for the regulators. Data protection is made to be taken seriously now and companies are paying hefty fines from British Airways who was fined USD 230 million for a data breach...

Prosper Africa published a document outlining the commitments in investment that were made during the US – Africa Leaders Summit. The Deal Room was hosted by Prosper Africa and brought together US and African governments and US and African private sector players in an...

The US – Africa Leaders Summit (the “Summit”) closed yesterday where 49 Heads of States went on a field trip to the USA, courtesy of the US President Biden. While the narrative has been that the meeting has nothing to do with China (and Russia to a lesser degree) and...