Tanzania continues to attract a number of investors in the mining, oil and gas sectors with large discoveries of gas having been made earlier in 2012. With an increased pressure to reduce donor dependence, the government has embarked on tightening various avenues to increase revenue collections.
The key development in the legal market is the decision by Clyde
& Co to establish an office in Dar-es-Salaam. The firm used to work
through its association office Ako Law, but it has now set up a team on
the ground with UK and Tanzanian lawyers....
CONTEXT AND TRENDS
Activity in Tanzania is being largely driven by oil and gas exploration on the southern coast of the country. It is reputed that one of the largest gas fields is being explored about 80 km off the coast and which will come close to rivalling the natural gas reserves of Qatar, according to a local partner....