Bowmans Tanzania

The Bank of Tanzania (BOT) recently introduced significant amendments to its Financial Consumer Protection Regulations, effective May 2025. These changes are designed to enhance consumer rights, increase transparency, and strengthen the regulatory framework for all financial service providers under the Bank's supervision. Key changes are as follows below.

34 The Minister for Finance and Planning Hon. Mwigulu Lameck Nchemba delivered the National Budget Speech on 12 June 2025 with the theme ‘Inclusive Economic Transformation through Domestic Resource Mobilization and Resilient Strategic Investment for Job Creation and Improved Livelihoods’. The Budget was prepared based on the macroeconomic targets for the 2025/26 fiscal year, with a focus on accelerating economic growth, enhancing revenue mobilisation and maintaining macroeconomic stability.

Historically land and property ownership in Tanzania have been limited to Tanzanian citizens only (although certain exceptions exist for foreign companies to hold land/ property through the Tanzania Investment Centre).