Tanzania Bans Foreign Participation in 15 Sectors Including Mobile Money: Strengthens Localization Policy (August 15, 2025)
1. Introduction On July 28, 2025, the Government of Tanzania issued Government Notice No. 487A, prohibiting the issuance and renewal of business licenses for foreigners in 15 industries (see the list below). Foreigners who violate the directive may face a fine of up to 10 million Tanzanian shillings (approximat…