The recent decision by the Court of Appeal in the case of Exim Bank Tanzania Limited vs The M & Five Hotel & Tours Ltd and Others carries substantial implications for banking practices and legal interpretations in Tanzania.
Our infrastructure team in Tanzania is comprised of lawyers with deep experience in project and infrastructure finance (including public-private partnership structures), public finance, capital markets and tax. We advise our clients across a diverse range of sectors including transportation (railroads and ports) and telecoms.
Our experience spans public transport, renewable energy, waste, defense, education, healthcare as well as social infrastructure and leisure, railways, roads, bridges, aviation, shipping and ports.
Experience has included advising:
- The Government of the United Republic of Tanzania as lead counsel through the Tanzania Investment Centre on one of the largest ports and special economic zone projects in East Africa with an expected investment of USD10 billion;
- The lenders including Standard Chartered Bank, Proparco, EKN and local DFIs as local counsel in connection with USD240 million financing of telecom operator MIC Tanzania Limited; and
- The Tanzanian Government in the USD3 billion Mchuchuma-Liganga project through the National Development Corporation, which involved procuring a sponsor to develop a coal mine power project and an iron ore mine and smelter project;
- Tier 1 in Project Development (IFLR1000 2019)
- Tier 1 in Energy and Infrastructure sector (IFLR1000 2015-2017)
This is an update to our Data Protection Laws of the World: Tanzania dated 26 January 2023, which provided an overview of the Personal Data Protection Act, 2022.
On the 30 June 2022, Finance Act No. 5 of 2022 (‘Finance Act’) was passed into law amending the Companies Act, Cap 212 (‘Companies Act’).
The government is intending to review the Fisheries Act 2003 and its regulations of 2009, to address challenges thwarting development of the country’s fishing industry Livestock and Fisheries Minister Luhaga Mpina said when speaking during the meeting to collect stakeholders’ views and opinions on the proposed law.