What is considered a hotel business? Who can establish a hotel business? Required license for a hotel business Registration requirements for operating a hotel business Duties of the operators of hotel Pre-and Post-Legal compliances for hotel business 1.0 Introduction Zanzibar is fast becoming one of the world’s hottest investment locations adding on its popularity as […]
FINANCE LAW UPDATE: ANALYSIS OF THE NEW FOREIGN EXCHANGE REGULATIONS IN TANZANIA.
What do the Regulations say about investment in Securities? Are Foreigners eligible to invest in Government Securities? Requirement for Non-residents to have Securities Settlement Account Conditions for Foreign Credit Accommodation Agreements Issuance of securities in SADC and EAC member countries Maintaining Foreign Banks accounts and outward direct investment by Residents How are Export, Import, and […]
BANKING AND FINANCE LAW UPDATE: RESTATING THE STANDARDS OF GOOD CORPORATE GOVERNANCE PRACTICE FOR BANKS AND FINANCIAL INSTITUTIONS IN TANZANIA UNDER THE BANKING AND FINANCIAL INSTITUTIONS (CORPORATE GOVERNANCE) REGULATIONS 2021.
Recently, the Bank of Tanzania has enacted new regulations on corporate governance for banks and financial institutions. The newly imposed regulations, Banking and Financial Institution (Corporate Governance) Regulations, 2021 (“the Corporate Governance Regulations”) were published on 29th October, 2021. The Corporate Governance Regulations set standards for corporate governance and structures of banks and financial institutions. It provides guidance to board of directors, directors and senior management of banks and financial institutions for proper discharge of their responsibilities.
BUSINESS LAW UPDATE: THE BUSINESS AND REGULATORY ENVIRONMENT FOR RIDE-HAILING TAXI SERVICES IN TANZANIA
Ride-hailing services in Tanzania are regulated by a government regulatory authority known as the Land Transport Regulatory Authority (LATRA) established under section 4 of the Land Transport Regulatory Authority Act No. 3 of 2019. LATRA was established to regulate the land transportation activities in the country such as transportation of goods and passengers; railways, and cable transport; to regulate transportation charges and rates; to issue, renew and cancel permits or licenses; and to coordinate land transport safety activities, just to name a few.
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