Tough Laws See Multinationals Give Up Majority Stakes in Tanzania
With President John Magufuli's administration seeking a new business order that will see Tanzanians benefit more from foreign investments, companies like Multichoice Tanzania are facing a takeover and change in shareholders, with the majority stake going to influential ex-government officials.
East African, 4 February 2019
In a span of four months, two major international firms in Tanzania have changed shareholding, with the majority stake going to influential ex-government officials. Read more »
Changes in law and tax demands see multinationals give up majority stakes in Tanzania.
Tanzania: Tanzania to Suspend Multichoice Licence
East African, 8 August 2018
Tanzania says it will suspend the licence of MultiChoice Tanzania, DStv and GOtv services provider, for charging clients to access free-to-air television channels. Read more »
East African, 7 December 2016
Tanzania is working on a new land policy that will reduce leases of land owned by foreigners from 99 years to 33 years. Read more »
East African, 9 October 2017
Tanzania is becoming an unfavourable destination for multinational retailers due to low profitability. Read more »