INTRODUCTION In an endeavour to ensure Tanzanians are continuously enjoying a share of their minerals, Section 10 of the Mining Act, Cap. 123 imposes a mandatory requirement to mining companies in Tanzania to grant the Government of Tanzania a minimum of 16% non-dilutable Free Carried Interest shares in the capital of a mining company. However,...
Introduction Over the past 5 years, extractive industries in Tanzania, particularly the mining sector has undergone monumental legislative changes in a bid to, among others, promote Foreign Direct Investment (FDI) while at the same time placing public interest at the centre of the mining economy. Following the inadequacy of The Mining (Disputes Resolution) Rules, G.N....
LEGAL ALERT: The Mining Act Cap. 123 has been amended to introduce a new license for Gemstone dealers. The amendments which came into effect through the Written Laws (Miscellaneous Amendments) (No. 7) Act, 2019, put a requirement for any person conducting lapidary activities (to cut, polish, or engrave gemstones) to apply for the license. The...
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...
FIN & LAW and Cross Border Associates (CBA) entered into an agreement for global alliance to facilitate global cross-border mid-market mergers and acquisitions and all related services.
