CLYDE & CO UPDATER - DOING BUSINESS IN TANZANIA: NEW LEGISLATIVE DEVELOPMENTS

In this article, we summarise the key legislative amendments made by the Written Laws (Miscellaneous Amendments) (No.2) Act of 2021 (the 2021 Written Laws) which became operational on 14 July 2021. These changes may directly or indirectly impact investors and locals doing business in Tanzania in sectors such as telecommunications, natural resources, insurance, competition law and other related matters.

The objective of these amendments is to provide smooth and expeditious implementation of agreements entered into by the Government of Tanzania (the Government) that provide for the execution of special arrangements approved by the Cabinet, and to create favourable conditions for the performance of Government projects.

The 2021 Written Laws amends a total of 14 laws, including:

• The Electronic and Postal Communications Act No. 3 of 2010 (the EPOCA)
• The Environmental Management Act No. 20 of 2004 (the EMA)
• The Fair Competition Act No. 8 of 2003 (the FCA)
• The Insurance Act No. 10 of 2009 (the Insurance Act)
• The Natural Wealth and Resources (Permanent Sovereignty) Act No. 5 of 2017 (the Permanent Sovereignty Act)
• The Natural Wealth and Resources Contracts (Review and Re-Negotiation of Unconscionable Terms) Act No. 6 of 2017 (the Unconscionable Terms Act)
• The Petroleum Act No. 21 of 2015 (the Petroleum Act)
• The Public Private Partnership Act No. 8 of 2021 (the PPP Act)

We have set out below the amendments to the above mentioned laws.

Continue Reading > > >