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The World Bank Group nominated FIN & LAW among the key stakeholder on workshop for the review of the updated edition of its Guidance on PPP contractual Provision. The workshop that was held in Dar es Salaam, Tanzania aimed to empower FIN & LAW and other contracting authorities with better and more comprehensive understanding of...

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Introduction On 13th February 2019, the President of the United Republic of Tanzania had assented several legislations which were passed by the Parliament. These includes: – The Political Parties (Amendment) Act, 2019 (Act No. 1 of 2019), The Tanzania Meteorological Authority Act, 2019 (Act No. 2 of 2019), The Land Transport Regulatory Authority Act, 2018...

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INTRODUCTION On Thursday of August 2, 2018 the Governor of the Central Bank of Tanzania/Bank of Tanzania (“BOT”) declared that BOT had resolved to put Bank M Tanzania Plc (“Bank M”) under statutory management following its liquidity inadequacy leading to its failure to meet its obligations including paying maturing obligations. The BOT’s intervention is meant...

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