In this month's Finance Briefing, we focus on the proposed amendments to the Land Act No. 4 of 1999 (the Land Act) which were introduced in the Written Laws (Miscellaneous Amendments)...

In this month's Finance Briefing we review the effects of the new Mining (Local Content) Regulations, 2018 (the Regulations) on operations of commercial banks in Tanzania.

In this industry update, we provide clarification on the Bank of Tanzania's (the BOT) adoption of the interest rate based monetary policy framework 2017/2018 (the Policy Framework).

In this industry update, we highlight the actions taken in a move to revolutionise mobile banking in Tanzania.

Following the passing of the Commodities Exchanges Act 2015, the Tanzanian Mercantile Exchange (the TMX) will begin operating in Dar es Salaam this September.

The Bank of Tanzania recently issued a circular* to all foreign exchange authorised dealers operating in Tanzania...

In this month's briefing we highlight investments in Government securities by Tanzanian residents and the restrictions imposed under Tanzanian law on East African Community

The Bank of Tanzania recently published the Microfinance (Non-Deposit Taking Microfinance Service Providers) Regulations (Regulations) issued under the Microfinance Act, 2018 (MFA).

The Finance Bill, 2020 (the Bill) proposes to amend section 60(1) of the Fair Competition Act, 2003 (the FCA) which relates to the imposition of penalties for various offences committed under the FCA.

ECAs are agencies initially designed to promote the industry of the home country and assist domestic companies in exporting their products to foreign markets.

The recent decision of the Court of Appeal in the case of Nas Hauliers Limited (Nas Hauliers) versus Equity Bank Kenya Limited (Equity Bank Kenya) and Equity Bank Tanzania Limited (Equity Bank Tanzania) marks a pivotal moment in Tanzania's banking sector.

As an international law firm operating in Tanzania, we are often asked to provide advice and work on transactions involving international lenders providing debt facilities to corporate borrowers in Tanzania.

On the 11th May 2020, the Court of Appeal issued a judgment in the case of Hadija Issa Arerary v. Tanzania Postal Bank. The Court of Appeal considered what amounts to reasonable steps...

How many of us in Tanzania know "informal" lenders who are lending millions per day to entrepreneurs?

In this month's banking updater, we review the Bancassurance Guidelines for Banks and Financial Institutions (the Guidelines) which were published on 13 May 2019.

In this update we discuss the requirements under Part IX of the Bank of Tanzania (Financial Consumer Protection) Regulations of 2019 (the Regulations), for financial service providers in...

The New Tanzania Investment Act 2022 has now become law replacing the Tanzania Investment Act Cap 38 RE 2015 and its amendments.

The Tanzania Foreign Exchange Regulations, Government Notice No. 294 published on 13/5/2022 are creating quite some noise in Tanzania amongst traders and investors.

In this month's finance briefing we focus on the national payment system in Tanzania. Legislation was introduced in 2015 to regulate payment system providers.

The news that the Bank of Tanzania has banned the use of cryptocurrencies has raised eyebrows and fuelled concerns that this could hamper the country's economic progress in an increasingly digital