AN APPRAISAL OF THE LEGAL REGIME ON THE PROTECTION AND PROMOTION OF LOCAL INVESTORS IN MINING SECTOR IN TANZANIA
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Keywords:
Investment, Investment Laws, Promotion and Protection of Local InvestorsAbstract
This study makes a critical analysis of investment laws in Tanzania, with a view of ascertaining their efficacy in the promotion and protection of local investors in ensuring a conducive investment environment for them. This study has been guided by the assumption that the investment law in Tanzania is not effective in ensuring the promotion and protection of local investors in Tanzania. In the course of data collection through documentary review, library search and interview, it has revealed that the concept of promotion and protection of investments has been discussed by many scholars both at the domestic and global levels. The study examined the laws, rules and policies which govern investment in Tanzania including the Constitution of the United Republic of Tanzania, The Mining Act, and The Investment Act, the policies which govern investment in Tanzania and then study examined the institutional framework which governs investment and local investors in Tanzania. The study revealed that the introduction and enactment of the laws on the mining sector has led to the protection and promotion of local investors to invest in mineral extraction in Tanzania. Also, the incorporation of the Local Content Policy and its regulations of 2018 provides for a significant milestone in the protection of local investors in Tanzania.
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