VELMA LawVelma Law, Dar es Salaam Tanzanian Law Firm 310 310
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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 3,500,000,000 (about USD 1,500,000).
“Merger” means an acquisition of shares, business or other assets, whether inside or outside Tanzania, resulting in the change of control of a business, part of a business or an asset of a business in Tanzania.
The threshold is calculated based on the combined market value of assets or turnover of the merging firms.