Tanzania

Reviews

Practice area

IFLR1000 Reviews

Overview

Solicitors governing body: Tangayika Law Society

Competition authority: Fair Competition Commission

Financial regulator: Capital Markets & Securities Authority

IFLR1000 ranking categories in this jurisdiction: 

Financial and corporateProject development

Jurisdiction overview

Following separate liberations from British rule in the early 1960’s, the states of Tanganyika and Zanzibar united to form Tanzania in 1964. The country is a member state of the Commonwealth of Nations, and alongside Swahili, English is an official language. As with several other ex-colonial states, the Tanzanian legal framework is based on the English common law system.

The Tangayika Law Society is a member of the East Africa Law Society. The nations are considering the adoption of a common legal system in the near future, as well as a shared currency. 

International law firms are present in the jurisdiction, originating from England and more recently, South Africa. 

Financial and corporate
Anjarwalla & Khanna Tanzania

The Tanzanian member of the Africa Legal Network, ATZ Law Chambers has recently restructured the firm is now called Anjarwalla & Khanna Tanzania.

In banking during the research period the firm advised lenders and borrowers on loans facilities and financings.

In M&A the firm worked for acquirers on fintech, aviation, chemicals, security, insurance and oil and gas deals. It also represented sellers on deals in the food, transport, logistics, and media industries.

Notable recent staffing changes include the departure of managing partner Shamiza Ratansi, who became an independent consultant, and of senior associate Asha-Sabrina Ayub who has joined Bowmans. The firm has recruited Shemane Amin as a director in the banking and finance area. 

Recent Deal Data highlights

•GardaWorld $9 million acquisition of Ultimate Tanzania

•Government of Tanzania $1.2 billion financing 

Client feedback

"The firm has resources who are very conversant with Tanzanian law as such they understand the transaction easily and have been ability to advise on issues that needs to be put into account. Because of their relationship with other law firms outside Tanzania, they have been very helpful to support us on transactions that involves other jurisdictions." – Banking

"The firm's staff are highly professional and knowledgeable, especially managing partner. The standard of work is of a very high quality." - Capital markets: Equity

"Overall I am absolutely happy with the firm's work. I am convinced the firm was the best option and gave us the biggest chance of success. Weaknesses: sometimes felt as if the associate handling our case was the main contact, and the partner was not always as involved or even aware of the status of our file. Being a former lawyer myself in M&A, I got annoyed by some self-announced deadlines not being respected." - M&A

"The firm's turnaround time was fast and they were quite responsive." – M&A

"Extremely helpful." - Restructuring and insolvency

Samiath Mohamed

"She is really dedicated, committed, knowledgeable, and patient. She had a sloppy drafting, sometimes we had communication breakdowns or she did not understand the urgency from our side. Overall she is trying the best she can in a very difficult environment, and is dedicated to her client's best interests."

Shamiza Ratansi

"Shamiza is knowledgeable, solution-oriented and an experienced banking and finance lawyer. Responsiveness has been an issue at times, but Shamiza has always delivered on important assignments."

"She is highly competent and a clear communicator. She is very knowledgeable of Tanzanian law. She knows when to stand her ground when faced with unreasonably pushy clients. The standard of work is 1st class. However, she is probably slightly overworked, could do with more depth of her calibre joining the firm to shed some work load and make her more accessible."

Bowmans Tanzania

Bowmans is an international firm operating across Africa and active across the financial and corporate space. The firm’s local office is mostly active in baking and M&A.

In banking work the firm advised lenders on financing and loans facilities deals over the research period.

In M&A the firm worked for acquirers on pharmaceuticals, tourism, chemicals, insurance, real estate, telecommunications and food matters. It also represented joint venture partners on the financial services and telecommunications sectors.

During the research period the firm recruited corporate partner Asha-Sabrina Ayub from ATZ Law Chambers. 

Recent Deal Data highlights

•African Banking Corporation Tanzania $25 million financing

•CBA / NIC merger

•Warburg Pincus $1.25 billion acquisition of Bharti Airtel

 

Client feedback

"The firm is very good and responsive at partner level." - Financial services regulatory

Chris Green and Wilbert Kapinga

"They are very good, responsive and knowledgeable."

Clyde & Co

Clyde & Co is a top tier firm across the financial and corporate and project development areas. The firm advises on English law on cross-border matters and the office works across East Africa, mostly in Kenya, South Sudan, and Somalia.

In banking work recently the firm acted as counsel to lenders and borrowers on loans and financings.

The firm was active in the capital markets, advising issuers on a bond issue and a proposed IPO.

In M&A the firm represented mainly acquirers on deals in the real estate, tourism, food, cement, telecommunications and financial services sectors.

In project development work the firm has been active advising sponsors, project companies and contractors on PPPs, power, mining and infrastructure projects.

East African Law Chambers

East African Law Chambers has a broadly strong presence across the financial and corporate areas. 

In banking work recently the firm advised mostly lenders on loans and financings provided by local and international financial institutions. 

In M&A the firm worked for an acquirer on an education sector deal and for a seller on an agriculture deal.

Client feedback

"The firm is good, they have a good customer care and they are professional." - Project development

Juvenalis Ngowi

"He is punctual and cooperative. He always acts as a professional and provides feedback after every meeting he does with us."

FB Attorneys

FB Attorneys is a leading firm in the financial and corporate areas. 

In banking work recently the firm advised borrowers on real estate financing and debt restructuring deals. 

In M&A the firm worked for joint venture partners in the agriculture sector, and for acquirers in the tourism, agriculture and telecoms industries.

Recent Deal Data highlights

•Bharti Airtel restructuring

•EACOP oil pipeline 

•Olivia Holdings $30 million debt restructuring

IMMMA Advocates

IMMMA Advocates is active in the banking, M&A and project development areas. The firm is a member of DLA Piper Africa.

In recent banking work the firm advised lenders on a project financing deal. It also provided advice to the debtor bank in its restructuring.

In M&A the firm worked for sellers on real estate and oil and gas deals.

In project development the firm represented the sponsor on an infrastructure PPP. 

During the research period the firm recruited energy partner Angela Mndolwa from Norton Rose Fulbright. 

Recent Deal Data highlights

•Bank of Africa Group restructuring

Client feedback

"IMMMA is a very strong commercial firm."

REX Advocates

REX Advocates is a new firm launched in August 2019 by an experienced team that formerly comprised ENSafrica’s Tanzania branch. Regulation recently introduced in Tanzania prohibiting foreign firms from advising on work in certain key local industry sectors is believed to have been the reason ENS decided to cease practising directly in the country.

While the team was operating under the ENS brand it was mostly active in banking, capital markets and M&A work. It has recently advised on a number of telecoms sector transactions. 

During the research period the firm’s banking work saw it advise lenders on loans and financings. 

In the capital markets area it worked for an issuer on an IPO.

In M&A it mostly acted for acquirers with notable deals in the financial services and telecommunications sectors.

Recent Deal Data highlights

•Dangote Industries Tanzania $15 million financing

•Vodacom Tanzania $15 million acquisition of Shared Networks Tanzania 

•Vodacom Tanzania Dar es Salaam Stock Exchange IPO