On 22 August 2012, the Securities and Exchange Commission (SEC) adopted rules obliging oil and gas companies listed in the United States to reveal the details of payments they make to foreign governments.

Recently the Business Registration and Licensing Agency (BRELA) launched an online registration system (ORS). BRELA now requires all filings and activities to be conducted through the ORS.

The East African region is confronting significant socioeconomic challenges and opportunities for development.

On 12 February 2021, the Minister for Industry and Trade extended the deadline for companies registered in Tanzania before 1 July 2020 to submit their beneficial ownership information from...

The Business Registrations and Licensing Agency (BRELA) recently issued a public notice for all Tanzania companies and business names

In practice, the annual return is prepared soon after the annual general meeting at which the accounts are presented.

The Fair Competition Commission (FCC) is seeking to impose the maximum penalty (10% of combined annual turnover) against five local parties for allegedly implementing a merger...

The National Assembly in Tanzania is currently debating various changes to legislation through the Written Law (Miscellaneous Amendments) (No 3) Act of 2019, which has been brought under a certificate of urgency.

It was perfectly legal for companies established in Tanzania before the entry of the new Companies Act to credit share premium to profit and loss accounts so as to make them available for paying dividends.

Private equity financing is no longer a peripheral consideration in the development of mining projects in Tanzania. It has become one of the most important—and misunderstood...

Tanzania's mining sector is one of the most sought-after investment destinations in East Africa — and it just became significantly more regulated.

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.

Doing business in Tanzania requires in-depth knowledge of and practical familiarity with the regulations and authorities governing its economic sectors.

In this month's corporate updater, we review the Written Laws (Miscellaneous Amendments) (No.3) Bill, 2019 (the Bill) which includes proposed amendments to the Companies Act (Act No.12) 2002 (the Act).

Undeniably, we live in a world where corruption and money laundering schemes go through financial institutions undetected.

Earlier this year (March 2024), news headlines across Tanzania buzzed with the announcement of the next big initiative aimed at rescuing the nation's struggling startup ecosystem: the National Venture Capital Fund (NVCF).

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.

We have been zealously waiting for the Budget 2022 to come out and the ensuing Finance Bill of 2022 because this is President Samia Hassan Suluhu's budget in essence.

The Companies Registry of Tanzania at the Business Registrations and Licensing Agency (BRELA) has issued a notice (the ORS Notice) urging all Tanzanian companies, Tanzanian branches of foreign ...

The Electronic and Postal Communications Regulations were published on 7 February 2020 and make it mandatory for all SIM card users in Tanzania to register their SIM cards biometrically.