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NewsLegal Alert: 12 months for Microfinance Companies in Tanzania to comply with Microfinance Act or face Deregistration

1 November 2019by finandlaw-admin

Effective 01st November, 2019 Microfinance Companies in Tanzania have 12 months to comply to the licensing requirements of the Microfinance Act, Cap. 407. According to Regulation 12 of the Microfinance (Non-Deposit Taking Microfinance Service Providers) Regulations, 2019, Microfinance Companies that were operating business before the commencement of the Microfinance Act and fails to meet the...

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