Tanzania

Highlights  

Bowmans advised Maurel & Prom S.A. (M&P) in relation to the acquisition of Wentworth Resources Plc in accordance with the UK Takeover Code and implemented by means of a scheme of arrangement pursuant to Article 125 of the Jersey Companies Law, resulting in M&P acquiring direct and indirect interest in Mnazi Bay. The team acted as local counsel and reviewed transaction documents from a Tanzanian law perspective, advised M&P on the local law requirements, and obtained regulatory approvals, including from the Fair Competition Commission and the Minister of Energy. The transaction closed in February 2024 and was led by Wilbert Kapinga.  

The firm also advised Perseus in relation to its acquisition of shares in ASX listed OreCorp Limited by way of Australian off-market take-over bid. The team acted as local counsel and introduced the client to the Government of Tanzania and led the negotiations on the fiscal terms of the deal. The deal closed in April 2024 and was led by Michael Strain.  

Partner Ryan Kitcat left the Corporate M&A team at the end of secondment in March 2025.  

Key Clients  

Perseus Mining Limited (Perseus); Establishments Maurel & Prom S.A. (M&P); British International Investment plc (BII); Adani Ports and Special Economic Zone Limited (Adani); Stanbic Bank Tanzania; Mawingu Networks Limited (Mawingu) 

Testimonials 2024/2025  

“We appreciate the firm’s accessibility, turnaround time and solution-oriented approach.” (M&A) 

“The team gives professional advice and insight on how a transaction can best be completed.” (Project Development) 

“The team have extensive experience in sophisticated mining transactions and structuring in Tanzania and seem to work with all major constituents in the region.” 

“They are very responsive and operate much like American style legal advisory services.” (Project Development) 

“Kelvin Mosha is a strong associate and has excellent drafting and local jurisdiction expertise.” (Project Development)