Finance / Project Finance News

The Finance Act 2023 has come into effect on 1 July 2023. It includes various changes, notably to Section 56 Income Tax Act so that a change of underlying ownership…

The objective of these Regulations is to provide for the control and management of carbon trading projects in Tanzania, providing the legal framework necessary for ensuring sustainable environmental development by…

The Deposit Insurance Board has by Notice dated 6 March 2022 invited all depositors and other creditors of FBME Bank Limited (under liquidation) to share comments regarding the liquidation of…

The Tanzanian Parliament has enacted the new Arbitration Act 2020 which has been given Presidential assent and passed into law in February 2020 to replace the Arbitration Act 1931. The…

Further to the 8 February 2018 constraints for mortgage finance in Tanzania (as per Part IV Written Laws (Miscellaneous Amendments) Act 2018 – see our earlier post), supporting Regulations have been…

Microfinance Act 2018 was enacted by National Assembly on 16 November 2018 (see VELMA Law earlier post) and now the Bank of Tanzania (BOT) has published a Notice to the…

A Microfinance Bill has been published on 5 November 2018. It is set to regulate licensing and registration of deposit and non-deposit taking microfinance business in 4 tiers: Tier 1…

With effect from 8 February 2018 there are new constraints for mortgage finance in Tanzania (as per Part IV Written Laws (Miscellaneous Amendments) Act 2018). In short, finance from local…

TANESCO has published the following 3 Invitations for Qualification: TANESCO IFQ – Large Wind dated 18 September 2018 TANESCO IFQ – Coal dated 18 September 2018 TANESCO IFQ – Large Solar dated 18 September…

USAID has published its Tanzania Investment Policy Assessment 2018 via its East Africa Trade + Investment Hub. Statistics are from United Nations Conference on Trade and Development (UNCTAD). See: http://unctad.org/en/Pages/statistics.aspx The…