It is reported that the Deputy Minister for Mineral and Energy, Dr Medard Kalemani said at a sideline of the Oil and Gas Conference in Dar es Salaam: He continued:
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Fair Competition Commission (FCC) published a second notice in October 2015 that: With effect from 1 January 2016, all “standard form contracts” should be registered with the FCC and are…
By Fair Competition (Threshold for Notification of a Merger) (Amendment) Order 2017 the threshold for notification of a merger has been increased from TZS 800,000,000 (about USD 360,000) to TZS…
The High Court has supported a 2015 award for Coast Textiles Limited against FBME in the order of TZS 92 billion (about USD 41 million). See newspaper article 5 June…
Notice to Depositors dated 12 May 2017 is given that: Deposit Insurance Board (DIB) has commenced the process of stocktaking and verification of assets and liabilities of the said FBME Bank…
State House has announced that Geoffrey Idelphonce Mwambe has been appointed as the new Executive Director of Tanzania Investment Centre (TIC). We understand that from June 2016 Mr Mwambe was District…
Public Notice 5 May 2017: Bank of Tanzania has discontinued all banking operations of FBME Bank Limited; revoked its banking business license; placed it under liquidation; and appointed the Deposit…
A High Court case Musa Shaibu Msangi v Sumry High Class Limited and Another [2016] TLS LR 430 shows that directors can be held personally liable for the debts of their companies (even when…
In February 2017, the Business Registrations and Licensing Agency (BRELA) issued the following public notice: “It is a statutory duty for every company incorporated in Tanzania to file their Annual…
This Q&A has been updated as at 2 January 2017 at Establishing a business in Tanzania and gives an overview of the key issues in establishing a business in Tanzania, including an…
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