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Financial Services

We offer legal services in relation to various financial products. Acting on numerous financial deals, we have become trusted advisers to some of most prominent banks and financial institutions both in Tanzania and beyond. 

Our people advise on the full spectrum of financial products including asset finance, corporate and investment lending, derivatives, acquisition finance, projects and infrastructure finance, real estate finance, restructuring and insolvency, regulatory compliance, capital and money markets, trade commodity and export finance transactions.

Experience has included advising:

  • The Company for Habitat and Housing in Africa (Shelter Afrique) in a USD14.5 million secured lending to the National Housing Corporation in Tanzania, secured against the borrower’s properties;
  • New Forest Company Tanzania Limited in a USD10 million secured lending transaction financed by the Finnish Fund for Industrial Cooperation Limited;
  • Standard Chartered Bank Johannesburg in a USD25 million secured lending transaction to a local borrower guaranteed by its parent company;
  • Macquarie Bank in USD10.6 million trade finance facility to a local underground mining service company, secured against borrower’s assets in Tanzania;
  • Cooperative Rabobank in a secured USD20 million uncommitted trade finance facility to a local milling company to be secured against the financed assets and other assets shared pari passu with other lenders;
  • Cooperative Rabobank in a secured USD85 million uncommitted trade finance facility to a local oil marketing company and its affiliates, secured against the financed assets;
  • Export Development Canada on repatriation of its term loan facility amounts and interest from Tanzania Australian bank in a USD8.5 million lending to a local mining company, to be secured against assets in Tanzania;
  • Standard Bank of South Africa Limited in a USD32 million trade finance facility transaction to the largest milling company in Tanzania and Zanzibar; and
  • A syndication of lenders comprising local commercial banks and pension funds led by Stanbic Bank Tanzania Limited on the provision of a syndicated loan totaling USD250 million to the national power company TANESCO, backed by a sovereign guarantee.
  • Tier 2 in Financial and Corporate (IFLR1000 2020)

The Personal Data Protection Act, 2022

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.

Beneficial Ownership Changes

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’).