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Project finance law and regulation in Tanzania: a critical analysis

Long term finance schemes are, to a little extent, employed in Tanzania since major economic reforms which occurred in the 20th C. Shifting from public finance mechanism, the government of Tanzania have initiated mechanism such as PPP in order to instil private sector in engaging in several economic...

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Main Author: Ngwembe, Geofrey P
Other Authors: Gutuza, Tracy
Format: Thesis
Language:English
Published: Department of Commercial Law 2018
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access_status_str Open Access
author Ngwembe, Geofrey P
author2 Gutuza, Tracy
author_browse Gutuza, Tracy
Ngwembe, Geofrey P
author_facet Gutuza, Tracy
Ngwembe, Geofrey P
author_sort Ngwembe, Geofrey P
collection Thesis
description Long term finance schemes are, to a little extent, employed in Tanzania since major economic reforms which occurred in the 20th C. Shifting from public finance mechanism, the government of Tanzania have initiated mechanism such as PPP in order to instil private sector in engaging in several economic activities. As projects basis form of investment have been adopted in catering with developmental plans, especially in becoming an industrialized nation - Tanzania - by 2025, an effective legal and regulatory framework for project finance is crucial. Despite having PPP, Tanzania still faces several challenges, especially on its recognition and implementation, mainly, inadequate legal framework as project finance not only caters for PPP transactions, but also for private and public finance of projects, lack of specific regulatory body/division, as well as extensive government interference in projects. The lack of an effective legal and regulatory framework for project finance mechanism deters its success unless it is redressed, hence the purpose of this dissertation which is to ascertain and review project finance setting in Tanzania, experiences and lessons will be drawn from the UK and South Africa in determining the legal and regulatory framework of project finance in Tanzania, tackling of challenges within, and way forward in the incorporation of project finance mechanism as a new mechanism in Tanzania's jurisdiction.
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institution University of Cape Town (South Africa)
language eng
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license_str Not specified — see source repository
provenance_str_mv Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository
publishDate 2018
publishDateRange 2018
publishDateSort 2018
publisher Department of Commercial Law
publisherStr Department of Commercial Law
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source_str UCTD — University of Cape Town Open Access Repository
spelling oai:open.uct.ac.za:11427/28070 Project finance law and regulation in Tanzania: a critical analysis Ngwembe, Geofrey P Gutuza, Tracy Commercial Law Long term finance schemes are, to a little extent, employed in Tanzania since major economic reforms which occurred in the 20th C. Shifting from public finance mechanism, the government of Tanzania have initiated mechanism such as PPP in order to instil private sector in engaging in several economic activities. As projects basis form of investment have been adopted in catering with developmental plans, especially in becoming an industrialized nation - Tanzania - by 2025, an effective legal and regulatory framework for project finance is crucial. Despite having PPP, Tanzania still faces several challenges, especially on its recognition and implementation, mainly, inadequate legal framework as project finance not only caters for PPP transactions, but also for private and public finance of projects, lack of specific regulatory body/division, as well as extensive government interference in projects. The lack of an effective legal and regulatory framework for project finance mechanism deters its success unless it is redressed, hence the purpose of this dissertation which is to ascertain and review project finance setting in Tanzania, experiences and lessons will be drawn from the UK and South Africa in determining the legal and regulatory framework of project finance in Tanzania, tackling of challenges within, and way forward in the incorporation of project finance mechanism as a new mechanism in Tanzania's jurisdiction. 2018-05-14T12:30:09Z 2018-05-14T12:30:09Z 2018 Master Thesis Masters LLM http://hdl.handle.net/11427/28070 eng application/pdf Department of Commercial Law Faculty of Law University of Cape Town
spellingShingle Commercial Law
Ngwembe, Geofrey P
Project finance law and regulation in Tanzania: a critical analysis
thesis_degree_str Master's
title Project finance law and regulation in Tanzania: a critical analysis
title_full Project finance law and regulation in Tanzania: a critical analysis
title_fullStr Project finance law and regulation in Tanzania: a critical analysis
title_full_unstemmed Project finance law and regulation in Tanzania: a critical analysis
title_short Project finance law and regulation in Tanzania: a critical analysis
title_sort project finance law and regulation in tanzania a critical analysis
topic Commercial Law
url http://hdl.handle.net/11427/28070
work_keys_str_mv AT ngwembegeofreyp projectfinancelawandregulationintanzaniaacriticalanalysis