Zanzibar, with its strategic location and booming tourism sector, is highly attractive to foreign investors. As all land on the islands is public land, foreign entities are strictly prohibited from obtaining outright ownership (freehold). Instead, investors secure their right to develop and occupy the land through a long-term, renewable Leasehold Title, typically granted for up…
Tanzania is one of 158 Contracting States to the International Centre for Settlement of Investment Disputes (“ICSID”), which provides facilities for conciliationand arbitration of investment between Contracting Parties and nationals of other Contracting Parties. We consider here one of the instruments through which the ICSID facilities are extended to Contracting Parties, the Bilateral Investment Treaty…
Whilst parties to agreements will usually do their best to consider how to address potential issues before they arise, there is the unavoidable possibility that disagreements will only be resolved through a dispute resolution mechanism. Given that these disputes may involve confidential materials, or commercial material that the parties would prefer not to address in…
The Tanzanian government has made a monumental move to streamline and boost its investment climate with the establishment of the Tanzania Investment and Special Economic Zones Authority (TISEZA). This new body, which merges the functions of the Tanzania Investment Centre (TIC) and the Export Processing Zones Authority (EPZA), is a bold and long-awaited reform designed…
Unlocking Zanzibar’s Investment Potential: A Comprehensive Guide for Investors Zanzibar is rapidly emerging as a competitive and attractive investment destination, bolstered by the progressive Zanzibar Investment Act, 2023. I am delighted to shed light on the robust framework designed to attract, protect, and facilitate both local and international investment. A Commitment to Investor Protection One…
The Tanzanian government is on the brink of implementing transformative reforms to its investment framework through the Investment and Special Economic Zones Bill, 2024. These changes aim to streamline operations, enhance incentives, and position the country as a premier investment destination in Africa. This newsletter delves into the key highlights, opportunities, and implications for businesses…