TIC says Tanzanian lawyers still inadequate

THERE is absolutely fewer numbers of private advocates and legal companies which have invested their activities in Tanzania, an aspect that has caused a great deficit of lawyers in legal sector in the country, an official from Tanzania Investment Centre (TIC) has said. The Acting Executive Director of the TIC, Raymond Mbilinyi said early this week in Dar es Salaam that, approximately 2,000 Tanzanian lawyers have invested in legal activities, noting that the number is few compared to Kenya which has about 10,000 lawyers. The number surpasses that one of Tanzania five times. In view of this, the TIC boss has urged local Tanzanian lawyers and advocates to invest more in legal sector as the doors are opened by his institution this time around when the five East Africa countries are about to sign a joint common market cooperation, and once this is effected, foreigners are likely to invade Tanzania legal market. The TIC boss made the remark during the official launching ceremony of a newly local established legal investment firm known as Forbix Attorneys for which he was the guest of honour. The ceremony took place early this week in Dar es Salaam. Forbix Attorneys is a Dar es Salaam based full service investment firm with three lady partners who have a vast expertise in legal activities in the practice areas of banking, corporate, business and government affairs. Established in February this year, the firm works out legal matters within the country and outside. The firm serves its clients in diverse sectors including private business, government and non-profit institutions in countries throughout East and Central Africa region. According to one of the Managing partners, Nasra Hassan, the firm has exceptional experience in banking services from domestic and international lending to debt, equity and derivate securities. Other partners are Helen Makanza and Khadija Sijaona. The company provides superior services to clients in the public and private sectors under Private Public Partnership (PPP) competitive spirit and deals with other finance contributors in various industries. The firm’s services includes the following activities, Bankruptcy and financial restructuring, capital markets, insolvency and receivership, mortgage, debentures, charge documents and guarantees, securities, tax, trade and commodity finance. Within its shortest time of its operations, Forbix Attorneys business lawyers are known for facilitating and adding value to a broad scope of business transactions, whether in counseling new business in formation and early growth strategies or assisting established companies in restructuring top increase profitability.