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News Articles

BANKING AND FINANCE LAW UPDATE: LICENSING OF MICROFINANCE SERVICE PROVIDERS (MSPs) IN TANZANIA AND IMPLICATIONS FOR OPERATING WITHOUT REQUIRED LICENSE.

March 9, 2022

The Microfinance Act No. 10 of 2018 (“The Microfinance Act”) requires all microfinance service providers to obtain license to operate as such from the Bank of Tanzania (“BOT”) or any other regulatory body delegated by the BOT to issue such license. This requirement extends to the microfinance service providers who were operating before enactment of the Microfinance Act

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COMPANY LAW UPDATE: EXTENSION OF TIME FOR REGISTRATION OF COMPANY’S BENEFICIAL OWNERS INFORMATION.

January 18, 2022

Enforcement the Companies (Beneficial Ownership) Regulations, 2021 Defining the beneficial owner Mandatory registration of Beneficial Owners by Companies in Tanzania Timeline for registration of Beneficial Owners Time extension for registration of Beneficial Owners’s information 1.0 Introduction As part of the efforts to developing Tanzania in business and investment, but also as a means to regulate corruption […]

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REGULATORY AND COMPLIANCE LAW UPDATE: THINGS YOU SHOULD KNOW WHEN BUYING AND EXPORTING CASHEWNUT FROM TANZANIA

December 7, 2021

The Tanzanian economy is well known to be dependent on the Agriculture sector. Tanzania is well known to be among the leading Cashewnut producers in Africa. Areas known predominantly for Cashewnut cultivation include the southern coastal regions of the country, near the towns of Mtwara, Kilwa and Dar es Salaam. The Cashewnut Board of Tanzania (CBT) is entrusted with the responsibility of regulating the development of the Cashew Industry in Tanzania. In undertaking its mandated roles the CBT puts more emphasis in improving efficiency and effectiveness in the Cashewnut sub sector in order to meet requirements of different stakeholders thereby enabling them to contribute to the national development. The Board is established under section 3 of the Cashewnut Industry Act No.18 of 2009.

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Featured News

Tanzania Investment Update; Hospitality and Tourism Industry Revocation of Hunting Licenses and Hotels Repossession

October 25, 2017

The Government revokes all hunting licenses granted to companies in the year 2017. Orders fresh tender process to ensue. Plan to repossess some privatized tourist hotels. Read More

Popular News Posts

  • TANZANIA SOCIAL SECURITY LAW UPDATE: THE GOVERNMENT INTRODUCES A BILL FOR MERGER OF EXISTING SOCIAL SECURITY SCHEMES IN TANZANIA. posted on November 23, 2017 | under News
  • NEWS UPDATE: THE OFFICE OF THE ATTORNEY GENERAL IN TANZANIA UNDERGOES RESTRUCTURING posted on March 7, 2018 | under News
  • Cybercrimes Act 2015 Tanzania: The Challenge in the Hands of Both Corporates and Individuals posted on May 9, 2015 | under News, Recent News
  • A Quick Look Into Regulatory System in Mergers and Acquisitions In Tanzania posted on January 29, 2016 | under News
  • A Quick Look Into Intellectual Property Law in Tanzania posted on April 28, 2016 | under News

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Breakthrough Attorneys is an ultramodern legal practice based in Dar es Salaam, Tanzania having a spectrum of cross-borders practices that caters for local and multinational corporations, financial institutions, government entities as well as business private individuals concerning their legal needs around the globe.
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