Keep track and respond to the dynamic changes, with our legal support.

We’re expects at helping clients respond to the dynamic environment in which they operate

We advice and support on legal needs concerning banking and finance to global investment banks, commercial banks, fin-tech startups and many more. We commonly offer legal support on the following matters:

Licensing and certifications;
Vetting of foreign agreements for conferring with Tanzanian laws;
Perfection of securitiese;
Asset finance
Syndicated lending
Litigation, enforcement and compliance
Transaction execution
On-going legal risk management
Regulatory development

The Foreign Exchange (Bureau De Change) Regulations, 2023

The new bureau de change regulation has introduced a three tier license ...

Tanzania settles an investment dispute with Winshear

Tanzania pays the Canadian firm, Winshear, $30 million to settle an investment dispute.

Two iconic building in the city of Dar es Salaam sitting besides the Indian ocean

TPA signs an agreement with DP-World to operate Dar es Salaam port

DP World has signed a 30 years agreement with TPA to operate the Port

We keep track of any developmen in the banking sector

Chikokwe and Co focuses and keeps track on the new developments in the banking industry both in Tanzania and across the globe. We are experts at helping our clients respond to the dynamic environment in which they operate.

What our client's say

We're dilighted with the work ethics of the team at Chikokwe & Co. simply brilliant, transparent and hard working. We couldn't be more pleased!
— Barry Brown

Director,
Sosb Plc
They are talented and, solution oriented, I think. They did a good job for us, and delivered the service in time. Chikokwe & Co. is such a good firm
— Hang lee

Director,
Bagency Mining Company Ltd
Chikokwe & Co.'s team have endeavoured to facilitate us in the space that suits our evolving business needs
— Mark Lamack Mwansongwa

Director,
JJ & M General Enterprise Ltd

Why companies like yours choose us!

Reliable Services

We offer comprehensive and effective services. We are dedicated to helping you to fulfill your the business legal needs.

Exceptional Quality Service

We go beyond the given work. Our lawyers, who are experts, will constantly evaluate your legal needs with our deep local legal knowledge.

Competitive Pricing

Our pricing are competitive. We keep the cost down. There are no hidden costs.

Frequently Asked Questions

What are the laws regulating financial institutions in Tanzania?

The Banking and Financial institutions Act provides for comprehensive regulation of banks and financial institutions; it provides for regulation and supervision of activities of savings and credit co-operative societies and schemes with a view to maintaining the stability, safety and soundness of the financial system aimed at reduction of risk of loss to depositors
Are there any thin capitalization rules in Tanzania?

There is a thin capitalisation restriction on the amount of deductible interest for what are termed 'exempt-controlled resident entities', where the debt-to-equity ratio exceeds 7:3. There are specific definition of 'debt' and 'equity' for the purpose of thin capitalisation.
How does Foreign Bureau De Change operate in Tanzania?

A bureau de change or currency exchange is a licensed business where people can exchange one currency for another. Bureau de change are licensed and regulated by the bank of Tanzania (BoT).
The Foreign Exchange (Bureau De Change) Regulations, 2023 (the Regulations) repealed and replaced the Foreign Exchange (Bureau de Change) Regulations, 2019. The regulations regulates the activities of all bureau de change licensed in Tanzania mainland and Zanzibar.
What is electronic Money transfer levy?

Electronic money transfer levy is the levy which was introduced in 2021 levied on mobile money transactions. Initially the levy dubbed as "mobile money transter" was between TZS10 (US$0.0043) and TZS10,000 (US$4) on mobile money transactions, depending on the amount sent and withdrawn. The levy applied in addition to VAT (18%) and excise duty on mobile money transfer and withdrawal fees (10%).
Due to public outcry the levy was decreased by 30% in September, 2021.
The Finance Act 2022 replaced the term “mobile money transfer” with “electronic money” and amending the maximum range of the levy from TZS 10,000(US$4) per transaction to TZS 4,000 (US$ 1.72). With recent changes, the scope to impose the levy has significantly been widened to include all electronic transactions which include all bank and mobile transactions, except: Use of ATM cards at authorized POS stops; Utility payments; Lipa namba; and transactions relating to salary transfers.
Is fin-tech regulated in Tanzania? If so, how?

Yes,...