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FB Attorneys

Trustees’ Beneficial Ownership Rules Issued

On 29 February 2024, the Minister for Constitutional and Legal Affairs issued procedures for submission of information of Beneficial Ownership vide the Trustees’ Incorporation (Transparency of Beneficial Ownership) Rules 2024, GN No. 139A of 2024. These Rules impose manda..

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Clyde & Co.

Banking and Financial Institutions (Compulsory Liquidation) Regulations, 2024

In a bid to enhance the regulatory framework governing banks and financial institutions, the Bank of Tanzania has recently enacted the Banking and Financial Institutions (Compulsory Liquidation) Regulations, 2024. The Regulations, published under Section 71 of the Banking..

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Michalsons

Tanzanian judiciary introduces AI for enhanced efficiency

In an ambitious and unprecedented move towards modernising its judicial processes, the Tanzanian judiciary has introduced AI into its transcriptions and translations system.

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FB Attorneys

Proposed Bill Seeks to Amend Mining Act

The Written Laws (Miscellaneous Amendments) Bill, No. 4 of 2024 intends to amend the Mining Act, amongst other laws. This update focuses on the proposed changes that are key to the Mining Act.

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Clyde & Co.

Real Estate update on recent changes in the premium and capital gain tax rated to property

This article discusses the recent changes in the premium and capital gain tax rates for property related transactions in Tanzania. These changes stem from amendments to the Land (Fees) (Amendment) Regulations and the Finance Act No. 2 of 2023.

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Clyde & Co.

Transition to Interest Rate-Based Monetary Policy in Tanzania

As of January 2024, the Bank of Tanzania (BOT) has made a significant shift in its monetary policy framework, transitioning from a focus on the quantity of money (monetary aggregates) to an interest rate-based approach.

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MMAKS Advocates

Notable intellectual property decisions from East Africa in 2023

MMAKS Advocates | ALN Uganda reviews some of the Intellectual Property (IP) rulings/judgements from 2023 within East Africa and this list is not in any particular order. Due to increased awareness of IP rights in the region, rights owners have taken precautionary measures..

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Clyde & Co.

Understanding Registered Users of Trade and Service Marks in Mainland Tanzania

A registered user is a concept that allows businesses or individuals to legally utilise a trademark that they have not originally registered. This system fosters collaboration and allows for the controlled expansion of a brand's presence. Tanzanian trademark laws re..

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Clyde & Co.

The Amendments to the Tanzania Carbon Trading Regulations, 2023

In 2022, the Government of Tanzania made a formal step towards the inclusion and promotion of carbon trading in Tanzania by issuing the Environmental Management (Control and Management of Carbon Trading Mechanisms) Regulations, Government Notice Number (G.N No.) 636 of 20..

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