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VELMA Law
VELMA Law is based in Dar es Salaam, Tanzania. We provide Tanzanian law advice on commercial matters in a wide range of areas.
VELMA Law, Dar es Salaam Tanzanian Law Firm
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New Mining (Local Content) (Amendments) Regulations 2019 have made some changes to the Mining (Local Content) Regulations 2018, which include:
- Local shareholding requirement for indigenous Tanzanian companies reduced from 51% to 20%.
- Timeline extensions for review of local content plans by Mining Commission and Local Content Committee, starting at 60 days.
- Local shareholding requirement for a Tanzanian bank reduced from 51% to 20%.
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NOTE: This has been prepared for general information purposes for any interested persons, it is not comprehensive information on the subject matter and it should not be regarded as legal advice.