Salient provisions of the Mining (Local Content) Regulations, 2018 regarding procurement of banking and financial services by stakeholders in the Tanzanian mining sector Requirement to submit financial services sub-plan to the Tanzania Mining Commission The practical aspect of engaging foreign banks by mining stakeholders in Tanzania Mining stakeholders approach to the financial services requirements under […]
FINANCE LAW UPDATE: COMMENTARY ON THE BANK OF TANZANIA’S POLICY MEASURES TO REMEDY AND CUSHION THE ECONOMIC IMPACTS OF COVID-19 IN TANZANIA
Reduction of the Statutory Minimum Reserves (SMR) requirement to 6 percent Reduction of the discount rate to 5 percent Reduced haircuts on Government securities Regulatory flexibility ensured to Lenders who opt for loan payment rescheduling Increase of daily transaction and wallet size limits for mobile money limits Encouragement of Digital payment to curb the use […]
TELECOMMUNICATION LAW UPDATE: TCRA’S CLARIFICATIONS ON REGISTRATION AND OWNERSHIP OF MORE THAN ONE SIM CARDS WITH THE SAME LICENSEE IN TANZANIA.
Yes you can own more than one sim card under a single operator. You do not need an approval to own up to four sim cards, if each is under a separate operator. Registrations and applications for approvals are still open till 31st July 2020. Important for you to verify validity of your sim card […]
BREAKTHROUGH ATTORNEYS’ OVERVIEW OF THE TANZANIA’S BUDGET FOR THE FINANCIAL YEAR 2020/2021
1.0 Introduction 2.0 Fiscal Policies for 2020/21- Macroeconomic Policy Targets 3.0 Policy and Strategies to Increase Revenue for the year 2020/21 4.0 Expenditure Policies for the year 2020/21 5.0 Priority Areas for 2020/21 6.0 Reforms of the Tax Structure, Fees, Levies and other Revenue Measures 7.0 Budget Structure for the Year […]
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