Entries by amicidesign-veema

MERGERS AND ACQUISITIONS IN TANZANIA

Mergers and Acquisitions (M&A) have become increasingly common in Tanzania as companies seek to expand their market presence, increase resources, and secure capital. These transactions can revitalize businesses, making them more efficient and competitive. This article provides a general overview of the legal analysis and procedures governing mergers and acquisitions in Tanzania. LEGAL ANALYSIS Mergers and acquisitions in Tanzania are primarily regulated by the following laws: The Fair Competition […]

A BILL ON OWNERSHIP OF LAND BY DIASPORA

Introduction On June 26, 2024, Tanzania’s Attorney General published the Written Laws (Miscellaneous Amendments) (No. 2) Act, 2024, proposing significant changes to the Land Act and Immigration Act. These amendments aim to allow Tanzanian diaspora to own land in Tanzania, marking a historic shift in the country’s land ownership policies. Despite these proposed changes, the […]

THE DRAFT CAPITAL MARKETS AND SECURITIES (PRIVATE EQUITY AND VENTURE CAPITAL) REGULATIONS, 2024, REGULATING PRIVATE EQUITY AND VENTURE CAPITAL FUNDS IN TANZANIA, A NEW ERA FOR STARTUPS, SMALL, MEDIUM SIZE ENTERPRISES AND INVESTOR PROTECTION

INTRODUCTION TO THE REGULATIONS The Capital Markets and Securities Authority (CMSA) of Tanzania, in collaboration with various stakeholders has developed the Draft Capital Markets and Securities (Private Equity and Venture Capital) Regulations, 2024. These regulations aim to provide a structured framework for the establishment and operation of private equity and venture capital businesses in Tanzania, […]

THE PROTECTION OF WELL-KNOWN TRADEMARKS IN TANZANIA

Trademark registration aims to protect traders and consumers by ensuring that brands and products are clearly distinguishable in the marketplace. For traders, it provides exclusive rights to use a particular mark, helping to prevent unauthorized use by competitors and for consumers, it ensures they can identify the source of goods and services, offering assurances of […]

THE ARUSHA PROTOCOL FOR THE PROTECTION OF NEW VARIETIES OF PLANTS THAT HAS COMES INTO FORCE: IMPLICATIONS FOR AFRICAN AGRICULTURE

The Arusha Protocol for the Protection of New Varieties of Plants officially came into force on November 24, 2024, nearly 10 years after its adoption in Arusha, Tanzania, in July 2015. This Protocol creates a harmonized system for the protection of plant variety rights (PVRs) across the member states of the African Regional Intellectual Property […]

THE ESTABLISHMENT OF THE PERSONAL DATA PROTECTION COMMISSION WHAT YOU NEED TO KNOW

Tanzania has recently launched Personal Data Protection Commission (PDPC), a significant development for privacy and data security, following the enactment of Landmark Legislation “the Personal Data Protection Act of 2022. The introduction of the establishment of the Personal Data Protection Commission (PDPC) marks a pivotal shift, placing greater emphasis on individual privacy and data security […]

TANZANIA JOINS TMCLASS SYSTEM FOR TRADEMARK REGISTRATION

As of 11th March 2024, Tanzania through the Business Registration and Licensing Agency (BRELA) has joined the TMclass system. TMclass is an online system developed by the European Union Intellectual Property Office (EUIPO), aiming to help and simplify the submission of applications for Trade and Service Marks to countries of the European Union and other […]

ESG IN TANZANIA AND WHY IT MATTERS

In recent years, there has been a significant shift in the way companies report their performance to stakeholders. Environmental, Social and Governance (ESG) reporting has become a critical tool for businesses worldwide, reflecting a growing awareness of the interrelation of corporate success and societal well-being. The modern concept of ESG, took shape in the mid-2000’s, […]

AN OVERVIEW ON IMPORTANT FEAUTURES OF THE PROTOCOL ON INTELLECTUAL PROPERTY RIGHTS TO THE AGREEMENT ESTABLISHING THE AFRICAN CONTINENTAL FREE TRADE AREA (AfCFTA)

Establishment of the Protocol The protection and enforcement of intellectual property rights (IPRs) is critical for achieving the objectives of the African Continental Free Trade Area (AfCFTA). Particularly the objectives regarding the sustainable and inclusive socio-economic development, structural transformation, industrial development competitiveness of economies with the continent and global market, through the protocol on Intellectual […]