TANZANIA is considering introducing retroactive legislation to force companies into renegotiating mining and energy contracts, raising eyebrows among investors already alarmed by increasingly inflexible regulation and the anti-business rhetoric of President John Magafuli, writes Barry Morgan.
The government is seeking to fast-track three bills submitted to Parliament last week, focusing on “natural wealth and resources” and the ability of the state to renegotiate or even unilaterally dissolve agreements concluded under private international law.
