Tanzania: Conditions for Establishment of Banks’ Branches Abroad Introduced

Tanzanie 1

The Governor of Bank of Tanzania (BoT) published the Banking and Financial Institutions (Licensing) (Amendment) Regulations, 2023 (the 2023 Regulations), which amend the Banking and Financial Institutions (Licensing) Regulations, 2014 (the 2014 Regulations). The 2023 Regulations were published to give more details on regulation 40 of the 2014 Regulations concerning establishment of foreign banks’ branches […]

Increasing confidence in Tanzania’s economic prospects and future growth

Tanzanie 1

Reports by the World Bank and Fitch Solutions, and input from LEX Africa’s Tanzania member law firm reflect increasing confidence in the country’s economic prospects and future growth. Tanzania is an East African country located east of Africa’s Great Lakes, north of Mozambique, and south of Kenya, and is bordered by Burundi, the DRC, Malawi, […]

Digital currencies and services gaining momentum across the continent

mise au point pratique

A McKinsey report earlier this month highlights that although cash is still king in Africa its supremacy is likely to be increasingly challenged as e-payments gain momentum. With innovation escalating there is a shift in the way people pay for goods and services with electronic payments rapidly displacing cash and cryptocurrency and digital currencies emerging […]

New Free Carried Interest Regulations Issued

Tanzanie 1

Article by Tanzanian member FB Attorneys. In a bid to ensure Tanzanians also enjoy a share of their minerals, section 10 of the Mining Act, R.E. 2019 (the Act) imposes a mandatory requirement to mining companies in Tanzania to afford/grant the Government of Tanzania (GoT) a minimum of 16% non-dilutable free carried interest shares in […]

Les pratiques de règlement des différends progressent à travers le continent

mise au point pratique

Dispute resolution practices vary in many respects from one African country to another, although some significant similarities are apparent. The latter includes a predominance of preference for litigation in handling disputes, for various reasons, although arbitration is gaining increasing acceptance, while mediation is lagging behind. This was highlighted in the responses LEX Africa received from […]

Nouvelle réglementation fiscale promulguée

Tanzanie 1

Following the enactment of the Finance Act, 2022 (the Finance Act), the Minister for Finance on 1 July 2022 issued three sets of Tax Regulations. These Regulations are the Tax Administration (General) (Amendment) Regulations, 2022 (the TAA Regulations); the Value Added Tax (Registration of Non-Resident Electronic Service Suppliers) Regulations, 2022 (the VAT Regulations); and the […]

Règlement sur le contenu local minier modifié

Tanzanie 1

Article by Tanzanian member FB Attorneys In a bid to address regulatory and practical challenges pertaining to the Mining Local Content Regulations, 2018 (the amended Regulations) the Minister for Minerals has issued the Mining (Local Content) (Amendment) Regulations (the amendments) vide Government Notice No. 479 of 2022. According to the amendments, mining activities include provision […]

Développements des infrastructures en Afrique

Mise à jour de l'Afrique

Infrastructure development is a key driver for progress across the African continent and a critical enabler for productivity and sustainable economic growth. According to the African Development Bank, investment in infrastructure accounts for over half of the recent improvement in economic growth in Africa and has the potential to achieve even more. A fund known […]

Technologie, médias et télécommunications Africa Quarterly E Bulletin

Technologie

This e-bulletin highlights key legislative and regulatory developments in the technology, media and telecommunications sectors in sub-Saharan Africa.  This issue covers the period 16 October 2021 to 15 January 2022 and includes developments from Botswana, Cameroon, Eswatini, Ghana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Namibia, Nigeria, Rwanda, Seychelles, South Africa, Tanzania, Uganda, Zambia and Zimbabwe. Botswana […]

Les énergies renouvelables à l'honneur

Énergie renouvelable 1

With global energy focused on carbon emissions in the run up to COP26, the role of Africa in the energy transition is once again under the spotlight. African policy makers are grappling with big questions about how to move their countries forward, particularly oil and coal producers, many of them under pressure from developed countries […]