Governing legislation and regulations. A look into the shifting paradigms in payment systems; from paper to electronic mediums Application requirements for licenses by banks, financial institutions, non-banks and non-financial institutions. The Bank’s stand on digital cryptocurrencies such as Bitcoin Conclusion 1.0 Introduction Technological changes have led into a drastic shift from paper based payment system […]
Tanzania Investment Update; Hospitality and Tourism Industry Revocation of Hunting Licenses and Hotels Repossession
The Government revokes all hunting licenses granted to companies in the year 2017. Orders fresh tender process to ensue. Plan to repossess some privatized tourist hotels. Conclusion 1.0 Introduction The 5thphase Government of the United Republic of Tanzania has vowed to put a halt into many matters of national interests, but on top that list […]
An Overview of Settlement of Insurance Disputes by the Insurance Ombudsman in Tanzania
Appointment and powers of the Ombudsman Dispute Settlement Mechanisms Time for determination of disputes Compliance and Enforcement of Awards 1.0 Introduction: The Tanzania insurance sector has been growing steadily in recent years. According to the Tanzania Insurance Report, 2016 issued by the Business Monitor International Limited, there will be a growth in insurance premiums […]
VERIFICATION OF COMPANY REGISTRATION STATUS WHEN DEALING WITH GOVERNMENT AGENCIES
In Brief: The general public and government agencies are urged to conduct due diligence on registration status of companies before entering into any business transaction with any Company. Compliance: Verification of legal status of Companies for business transactions. Content of the Notice The general public, local government, ministries and government agencieshave been put on notice […]
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