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’).
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)
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.