FINANCE AND MINING LAW UPDATE: BANKING AND FINANCIAL SERVICES IN THE MINING SECTOR IN TANZANIA: UNDER THE SPOTLIGHT OF THE MINING (LOCAL CONTENT) REGULATIONS, 2018.
August 7, 2020
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 […]Read More
FINANCE LAW UPDATE: COMMENTARY ON THE BANK OF TANZANIA’S POLICY MEASURES TO REMEDY AND CUSHION THE ECONOMIC IMPACTS OF COVID-19 IN TANZANIA
July 23, 2020
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 […]Read More
TELECOMMUNICATION LAW UPDATE: TCRA’S CLARIFICATIONS ON REGISTRATION AND OWNERSHIP OF MORE THAN ONE SIM CARDS WITH THE SAME LICENSEE IN TANZANIA.
July 8, 2020
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 […]Read More