Introduction: Why Tanzania is a Strategic Investment Destination As Africa rises in global investment rankings, Tanzania stands out as one of the most promising, resource-rich, and politically stable countries in the region. Its proximity to regional trade hubs (EAC, SADC),…
The Mining Commission is an Institution under the Ministry of Minerals established through the written laws (Miscellaneous Amendments) Act, No. 7 of 2017. Among its function is to regulate mining activities such as exploration, mining, processing, mineral trading and issuance…
In a major development for businesses operating in Tanzania, the Government has announced a new withholding tax on retained earnings, set to take effect in the 2025/2026 financial year. This new measure was introduced as part of the Minister for…
Procedure for getting Mineral Licence in Tanzania Who has the right to trade and/or export minerals? What are the permits required for exporting minerals? Note Mineral Opportunities available Note Big international companies that are involved in mineral prospecting include Setting…
1. Introduction A merger means an acquisition of shares, a 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.…
INTRODUCTION. In Tanzania, Mining is one of the leading sectors with the value of mineral exports increasing each year. The leading minerals include gold, iron ore, nickel, copper, cobalt, silver, diamond, tanzanite, ruby, garnet, limestone, soda ash, gypsum, salt, phosphate,…
Non-Citizens Can Continue Owning Land through Inheritance On 14th November 2019, the Written Laws (Miscellaneous Amendments) Bill 2019, Act No 8 of 2019 (the Bill) proposed to amend several laws including the Probate and Administration of Estates Act, Cap. 352…
Legal System 1. What is the legal system in your jurisdiction based on (for example, civil law, common law, or a mixture of both)? The Tanzanian legal system has evolved largely based on English common law because of the British…
1. Forfeiture of Shares If a shareholder, who is called upon to pay any call fails to pay the amount, even after sending several reminders, the company may forfeit his shares. Forfeiture of shares results in a permanent reduction of…
Companies issue shares of stock or equity for various reasons, including to fund expansion or pay down debt. In this article, we’ll explore the various terms that are used in the process of issuing stock to raise capital. Share Capital Share…
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