The legal framework for financial transactions in Tanzania has undergone substantial changes as a result of the amendments made by The Finance Act of 2024. The Act has incorporated a new provision, Section 26(2), into the Bank of Tanzania Act. As per the revised legislation, it is now mandatory for all transactions within Tanzania to...Read More
• Diaspora special status to be granted• Diaspora Tanzanite Card to be introduced• Procedure for obtaining Tanzanite Card prescribed• Restrictions on land ownership for non-citizens to beNrelaxed• Special derivative rights to be created On June 26, 2024, the Attorney General released the Written Law (Miscellaneous Amendments) (No.2) Bill, 2024 (referred to as “the Bill”). This...Read More
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