What is considered a hotel business? Who can establish a hotel business? Required license for a hotel business Registration requirements for operating a hotel business Duties of the operators of hotel Pre-and Post-Legal compliances for hotel business 1.0 Introduction Zanzibar is fast becoming one of the world’s hottest investment locations adding on its popularity as […]
FINANCE LAW UPDATE: COMMENTARY ON THE BANK OF TANZANIA’S POLICY MEASURES TO REMEDY AND CUSHION THE ECONOMIC IMPACTS OF COVID-19 IN TANZANIA
Reduction of the Statutory Minimum Reserves (SMR) requirement to 6 percent Reduction of the discount rate to 5 percent Reduced haircuts on Government securities Regulatory flexibility ensured to Lenders who opt for loan payment rescheduling Increase of daily transaction and wallet size limits for mobile money limits Encouragement of Digital payment to curb the use […]
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 […]
Investment in Wildlife Sector; New Hunting Blocks Declared
The Thriving Investment in Wildlife Sector; New Hunting Blocks Declared Government announces 28 New Tourist Hunting Blocks up for Allocation for Tourist Hunting Operators Both Domestic and Foreign Investors for investment in wildlife sector invited to apply On the 22nd May, 2015 the Tanzania Ministry of Natural Resources and Tourism (Hereinafter “the MNRT”) announced via […]