The Bank of Tanzania has introduced the Foreign Exchange (Amendment) Regulations, 2026, introducing one of the most significant changes to Tanzania’s foreign exchange framework since the Foreign Exchange Regulations, 2022. The amendments expand opportunities for non-residents to participate in Tanzania’s capital markets while introducing shorter reporting timelines and enhanced monitoring requirements for cross-border trade transactions. Together, the reforms reflect a policy objective of attracting investment while strengthening regulatory oversight of foreign exchange flows.
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)
A taxpayer has the right to appeal to the Tax Revenue Appeals Board to challenge the Commissioner General of TRA’s objection decisions, other decisions and omissions.
On May 6 2025, the Minister responsible for mining affairs notified the general public through a press conference held in Dar-Es-Salaam that the Government through the Mining Commission had issued default notices to 95 large and medium-scale mining license holders, warning of potential license cancellations due to inactivity.
With the establishment of the Personal Data Protection Commission (PDPC) following the enactment of the Personal Data Protection Act (PDPA), 2022, Tanzania has made significant progress in strengthening personal data protection across both public and private sectors.
The recent decision by the Court of Appeal in the case of Exim Bank Tanzania Limited vs The M & Five Hotel & Tours Ltd and Others carries substantial implications for banking practices and legal interpretations in Tanzania.