Due diligence
Local Content (LC) is defined as the quantum of composite value added to, or created in, the economy of Tanzania through deliberate utilization of Tanzanian human and material resources and services in petroleum operations in order to stimulate the development of capabilities indigenous of Tanzania and to encourage local investment and participation1.It can also be [...]
The historical background of land tenure, or ownership, in Tanzania can literally be divided into three eras, namely the pre-colonial, colonial and postcolonial eras. During all periods, land has been managed administratively and through various forms of legal tenure systems. Below is a brief history of our country’s land tenure systems. It’s our hope that [...]
In Tanzania, The Companies Act No.12 of 2002 is the law that stipulates the provisions regarding regulation and the control of companies. When companies are incorporated, they come into existence for a particular purpose. This purpose is executed and carried out by individuals, as mandated under The Companies Act, who carry out these activities in [...]
In Tanzania, all companies are governed and regulated under The Companies Act No 12 of 2002. The Companies Act provides for different types of companies or entities that are formed for various purposes, commercial or non commercial. The Act further provides for regulations and control of an entity through its officers, who have different duties [...]