Evarist Kameja is a senior associate in our Dar es Salaam office. Evarist specialises in oil and gas , environmental. corporate and commercial law (including intellectual property). As well as transactional advice, Evarist acts on court litigation and international commercial arbitration and advises on public international law as affects Tanzania.

Evarist has a Post Graduate Diploma in Legal Practice (PGDLP) from the Law School of Tanzania, LLM (Oil and Gas Laws with Professional Skills) from the University of Aberdeen and an LLB Bachelor of Laws (Honours) from the University of Kent in the UK.

Evarist is a member of Young International Council for Commercial Arbitration and is also a member of the Tanganyika Law Society.

Relevant Experience

• Pupillage at the Tanzania Petroleum Development Corporation (TPDC), which is Tanzania’s National Oil Company (NOC); – providing legal advice on Tanzanian petroleum laws in practice and support on commercial structural considerations after the TPDC’s transition to the NOC and PURA was created to take-over as upstream regulator
• Part of the team that advised a multinational drink and breweries holdings company in its Tanzanian Fair Competition Commission filings 2016.
• Conducting legal due diligence on the acquisition of a Tanzanian telecommunications tower company.
• Part of the team providing company secretarial services to the Oil and Gas Association of Tanzania (OGAT), the petroleum industry trade group.
• Advising an international financial services company in respect of a USD 5 million Tanzanian law corporate guarantee to one of East and Central Africa’s fastest growing energy trading and transportation conglomerates.
• Part of the team advising a major multi-national mining company on various regulatory matters arising in Tanzania by virtue of recent changes to Tanzanian mining law.
• Advising a major household name financial, software, data, and media company concerning a Multilateral Trade Facility, FX interbank Matching System and other Tanzanian law issues.
• Part of the team that conducted legal due diligence on one of the largest insurance company in Tanzania.
• Part of the team that conducted due diligence on one of the largest insurance brokers in Tanzania.
• Advising numerous high-profile international investors on setting up companies and businesses in various industries in Tanzania; including in the manufacturing, financial services, construction, shipping and oil and gas industries, amongst others.
• Advising an independent Middle Eastern oil trading and shipping company on registering for the bulk procurement system for imports of petroleum products into Tanzania.
• Part of the Team advising a European embassy on corporate and ligation matters in Tanzania, including a dispute relating to a petroleum distribution company.
• Acting for the buyer of a five-star hotel and associated franchise rights, including due diligence.
• Advising a telecommunications company on offering VOIP services to an international oil company with upstream concessions in Tanzania.
• Advising a major global provider of outsourced services to banks and other financial institution in respect of provision of services to Tanzanian institutions.
• Advising numerous clients on intellectual property law (particularly trademarks and patents) both on contentious and non-contentious matters. Highlights include advising a major global conglomerate headquartered in India on suing a company for passing off in Tanzania.

* some experience gained prior to joining Bowmans

Wilbert Kapinga is the managing partner of our Tanzania office.

He has over 20 years’ experience advising domestic and international financial institutions and corporations on corporate, regulatory and transactional matters. Wilbert has advised on numerous project finance, public private partnership (PPP) and infrastructure development transactions including roads, railways, sea travel and airports. Wilbert has also advised numerous multinational mining companies and oil and gas exploration companies with operations in Tanzania in the natural resource space including local content requirements. Prior to entering private practice, Wilbert was a Senior Lecturer and Dean of the Faculty of Law of the University of Dar es Salaam where he was a member of the teaching and research staff for seventeen years.

Wilbert is a member of the Tanganyika Law Society, Law Association of Tanzania, East Africa Law Society, International Third World Legal Studies Association and African Society of International and Comparative Law.

Wilbert who is a full member of the Tanzania Institute of Arbitrators and an Accredited Mediator, Negotiator and Arbitrator in Tanzania. He has acted an arbitrator in several domestic disputes and as an advocate in numerous domestic and international arbitration disputes, the latter involving ICSID, ICC and UNICTRAL rules of procedure and appeared as expert witness on Tanzania law on an international arbitration challenge before the Swedish Court of Appeal. He is a contributor in many Global Arbitration Review publications and co-author on chapter on enforcement of foreign arbitral awards and similar articles in publications of Getting the Deal Done

He is ranked Tier 1 in General Business Law by Chambers & Partners which cites him as being “highly praised by market commentators for his breadth of experience and strength in the market.” His expertise is affirmed also by Legal 500 and IFLR1000 who list him as a leading corporate lawyer in Tanzania.

He has a Masters degrees in Law from both the University of Dar es Salaam, Tanzania and Columbia University in New York, USA, as well as a Doctor of Philosophy degree from Northeastern University in Boston, USA.

Relevant Experience

Construction Related

• Representing the government of Tanzania in a bilateral invest treaty disputes in connection with the alleged expropriation of UK’s Biwater Gauff’s investment in a water and sewerage infrastructure project in Dar es Salaam, Tanzania.
• Representing Tanzania Electric Supply Company (TANESCO) in a construction dispute with SIETCO over construction of the Kihansi Hydo Electric Power Station.
• Representing Sithe Global Inc. of the USA in the construction project of Ruhudji Hydroelectric power plant.
• Carrying out a due diligence on the regulatory framework for the pipeline project which from Uganda through a Tanzanian port on the Indian Ocean.
• Assisting eleQra on the Tanzania law aspects on Lake Victoria Marine Transport Project in Tanzania.
• Assisting Pricewaterhouse Coopers on the legal and regulatory framework of Tanzania Zambia Railways Authority (TAZARA) as part of the TAZARA private sector partnership study.
• Assisting was the sponsors of the Salama Waterfront Development project regarding the Tanzania law aspects of project financing, land acquisition, licensing and environmental regulation for the project.
• Assisting the Government of Tanzania on all legal aspects of the private finance initiative of an infrastructure project related to the Southern (Mtwara) Development Corridor.
• Assisting the World Bank and Dar es Salaam Water and Sewerage Authority on contractual and regulatory issues in relation to the Dar es Salaam Water Supply and Sanitation project.
• Assisting PRODECO Ltd on all legal aspects of the construction of a Private Finance Initiative (PFI) of the road and infrastructure project related to the Central Corridor (Road) Project in respect of the Dar es Salaam through Dodoma to Itigi Roadway in Tanzania.

Wilbert’s experience within the mining sector includes:

• Advising Sichuan Hongda (Group) Co. Ltd. (China) on the Mchuchuma Coal Mine and Liganga Iron Ore Corporation.
• Advising The State Mining Corporation (STAMICO) on uranium mining in Tanzania.
• Drafting of the Written Laws (Miscellaneous Amendments) No.2 Act, 2003 in Tanzania which amended the applicable Mining Act, No. 5 of 1998.
• Conducting a Legal audit investigations for international mining companies, including Atomic Minerals Limited, Oryx Mining and Exploration Limited and Uranex NL, on the mining tenements held by potential local target companies as well as legal advice in relation with all aspects of such acquisitions.
• Providing legal advice to the National Development Corporation of Tanzania (NDC) in relation to all legal aspects of a joint venture project (together with Siemens South Africa) for the development of small scale mining throughout Tanzania. The project involved small scale miners (claim holders) on one part and NDC and Siemens as project sponsors on the other part. The purpose of the project was to develop gold tailings mining in various regions of Tanzania. The objective of the project was to supply and maintain processing equipment in the small scale mining sector of Tanzania.  The joint venture was charged with the responsibility of installing and maintaining gold ore processing plants, which enables the small scale miners to be more productive.
• Assisting the Government of the Central African Republic on the renegotiation of an uranium mining contract.
• Conducting a mining due diligence and providing a title opinion to Guardian Group International on a number of mining licenses that were acquired by the company.
• Assisting and advising the Guardian Group with the acquisition of mining rights in Tanzania.
• Assisting WMC Resources Exploration Limited with the application and relinquishment of prospecting licenses and applying for an airborne survey permit for the purpose of conducting geophysical surveys over the mining tenements.
• Advising Dodsal Group on mining laws in Tanzania, particularly laws governing the prospecting and mining of gemstones and gold, and on a memorandum of understanding for the assignment of licenses held by Tanzanian citizens. Incorporating three mining companies on behalf of the client.

Wilbert has extensive experience advising on project finance, public private partnership (PPP) and infrastructure development transactions in various industry sectors including energy, industrials, oil and gas and telecommunications.  A selection of these transactions includes advising:

• The Governments of the Democratic Republic of Congo, Rwanda and Burundi (Communaute Economique des Pays des Grands Lacs Energie des Grands Lacs (CEGL)), together with Hunton and Williams LLP, in connection with the selection of private sector developers for the development of the Ruzzizi III, a 145MW hydro power project as part of the Independent Power Producer projects.
• The International Finance Corporation (IFC), together with Castalia Strategic Advisors, in connection with the identification of viable PPP projects, leading to a comprehensive report on PPP Project Identification and Development in Sub-Saharan Africa, East African Region.
• The Government of Tanzania on the legal and regulatory framework reform to support PPPs in Tanzania, which led to the enactment of the Public Private Partnership Act, 2010, and its Regulations.
• PriceWaterhouse Coopers on the legal and regulatory framework of Tanzania Zambia Railways Authority (TAZARA) as part of the TAZARA private sector partnership study.
• The sponsors of the Salama Waterfront Development project regarding the Tanzania law aspects of project financing, land acquisition, licensing and environmental regulation for the project.
• The Government of the United Republic of Tanzania on all legal aspects of the private finance initiative of an infrastructure project related to the Southern (Mtwara) Development Corridor.
• The World Bank and Dar es Salaam Water and Sewerage Authority on contractual and regulatory issues in relation to the Dar es Salaam Water Supply and Sanitation project.
• PRODECO Ltd on all legal aspects of the construction of a Private Finance Initiative (PFI) of the road and infrastructure project related to the Central Corridor (Road) Project and Southern (Mtwara) Development Corridors in respect of the Dar es Salaam, through Dodoma to Itigi roadway in Tanzania.
• The National Development Corporation (NDC) on the financing and development of the Southern Corridor Development Project through a private finance initiative and a Public/ Private Partnership (PFI) scheme.

Wilbert also has significant dispute resolution experience, including advising:

• Several clients in anti-trust litigation before the Fair Competition Tribunal and the Court of Appeal in Tanzania.
• The Government of Tanzania (GoT), together with Freshfields Bruckhaus Deringer, in a bilateral investment treaty arbitration initiated by Biwater Gauff (Tanzania) Ltd (BGT) against the GoT regarding alleged expropriation of BGT’s investment in a water and sewerage infrastructure project of its subsidiary, City Water Services Ltd.
• TANESCO, together with Hunton and Williams LLP, in a case initiated by Independent Power Tanzania Limited (IPTL) against the Government of Tanzania, in the Southern District of New York, for enforcement of a Government Guarantee for TANESCO’s performance of its obligations in a power purchase agreement with IPTL.
• The Government of Tanzania, together with Hunton and Williams LLP, on contractual regulatory and strategic matters relating to an Independent Power Project, including representing TANESCO in international arbitration proceedings regarding a high profile dispute pertaining to a 100MW power purchase agreement at the International Centre for Settlement of International Disputes (ICSID) in London.

Wilbert’s M&A expertise includes advising:

• The Abraaj Group (Abraaj Investment Management Limited, Cayman Islands) in relation to conducting a legal due diligence on the Tanzanian subsidiary company (Doya Distribution Ltd) of Abraaj and issued a legal opinion on the status of the local company. This was ahead of a proposed investment which involved creating a special purpose vehicle to acquire 49.99% of Agathon Holdings (also referred to as Pearl Group of Companies) and entering into a shareholders’ agreement with Trendview Holdings in order to regulate their respective rights and obligations as shareholders in Agathon Holdings/Pearl.
• Minet (Mauritius) Holdings Ltd in relation to a transaction which involves the acquisition of shares in AON Tanzania, one of the biggest insurance brokers in the country. The transaction involves structuring for the recent amendments to local content requirements for brokers in Tanzania.
• Zhonghong Holding Co. Ltd in relation to the Tanzanian aspects of its acquisition of 90.5% of the issued shares of Abercrombie & Kent Group of Companies SA. (Estimated deal value: USD 412 million).
• Kansai Plascon Africa, a subsidiary of Kansai Paint Co., Ltd (Kansai), in a transaction where Kansai Plascon Africa sought to, and successfully acquired the entire issued share capital of Sadolin’s East African coating business, making it one of the largest transactions in East Africa. We made competition filings in Kenya, Tanzania and COMESA.
• As Tanzanian counsel to Carlyle Group in relation to its acquisition of a majority interest in AK Life Sciences, a manufacturer and seller of parenteral drugs and a distributor of pharmaceutical products, from Kiboko Holdings.
• As Tanzanian counsel to Capitalworks on its acquisition of the Tanzanian insurance broking business of AON plc.
• CDC Group Plc on instructions from Clifford Chance, in relation to the USD 180 million equity investment in Liquid Telecom, which will enable Liquid Telecom to expand broadband connectivity to some of the most underserved markets across Africa and support the continent’s thriving tech start-up ecosystem. This is the CDC’s first direct investment in an African telecoms company in over twenty years, and its largest single investment since it acquired the pan-African power company, Globeleq in early 2015.
• Rio Tinto Mining & Exploration Limited in relation to a proposed transaction with Strandline Resources Limited and its subsidiaries, Active Resources (T) Limited and Tanzanian Graphite (T) Limited.
• Onomo Hotels on potential acquisition of Holiday Inn Hotel.

Wilbert’s banking and finance expertise, includes advising:

• UBL Bank Tanzania Ltd on the establishment of a banking business in Tanzania, including all licensing requirements and ongoing compliance and regulatory advice.
• Diamond Trust Bank on the establishment of a banking business in Tanzania and all ongoing compliance and regulatory requirements.
• Bank M on the establishment of a banking business in Tanzania and all ongoing compliance and regulatory requirements.
• Equity Bank of Kenya and United Bank of Pakistan in the establishment of their banking business in Tanzania.
• Citibank Tanzania Ltd on all security documents in its custody, including the status of facility letters, loan term agreements, mortgages and debentures in accordance with the laws of Tanzania.
• Barclays Bank, Standard Chartered Bank, Stanbic Bank as well as domestic banks Eurafrican Bank and Exim Bank in conducting searches at registries such as the Companies Registry, Land Registry and the Registry of Documents and preparing security documents (including debenture, mortgages, guarantees and pledges) and in the registration of these security documents with the respective registries.
• Government of the United Republic of Tanzania through the Presidential Parastatal Sector Reform Commission (PSRC) in providing legal advisory services to the Bank of Tanzania and the PSRC on the re-organisation and restructuring of the National Bank of Commerce.
• The World Bank and the Bank of Tanzania with the implementation of Islamic banking laws and rules in the United Republic of Tanzania.
• HiTS Burundi on the legality of a proposed AED 510 million (approximately USD 140 million) Sukuk issued by the International Investment House Co. LLC.

Awards

• Chambers and Partners consistently ranked Wilbert in Band 1 for General Business Law for the past four consecutive years (2018 to 2021) as well as for Dispute Resolution for the past five years, most recently in Band 1 in 2021 and prior to that in Band 2 for three years (2018 to 2020) and in 2017, in Band 3.
• IFLR1000’s Financial and Corporate Guide rated Wilbert as a Highly Regarded Lawyer for Capital Markets, Energy and infrastructure, Project development, Banking, Project Finance and M&A for four consecutive years (2018 to 2021).
• Legal 500 recognised Wilbert as a Leading Individual for Leading Firms in Tanzania in 2021.
• For more than a decade, Wilbert has consistently been ranked in Band 1 by international law directories such as IFLR 1000 and Chambers Global and has been described as the leading corporate lawyer in Tanzania. His work is also recognised by the International Who’s Who of Project Finance (2010 and 2011) and the International Who’s Who of Banking (2012).

“’Wilbert Kapinga is a hugely well-respected lawyer who draws plaudits from market commentators for his “excellent track record.” He is readily instructed for his counsel on high-value corporate and financing transactions, with further regard for his work on projects and disputes.” – Chambers and Partners, 2021

Great lawyer” Wilbert Kapinga is recognised by market commentators as a leading light in corporate and commercial work, as well as being sought after for his immense experience in both litigation and arbitration. Recent notable work has seen him lead on large M&A transactions, in addition to representing corporate clients in high-profile tax disputes. – Chambers and Partners, 2020

“…very good, responsive and knowledgeable.” – IFLR1000, 2020

“Great lawyer” Wilbert Kapinga is recognised by market commentators as a leading light in corporate and commercial work, as well as being sought after for his immense experience in both litigation and arbitration. Recent notable work has seen him lead on large M&A transactions, in addition to representing corporate clients in high-profile tax disputes. – Chambers and Partners 2020

“Battle-hardened” Wilbert Kapinga is an established market leader and admired by commentators for his years “gaining experience in the trenches.” He is held in high esteem, with another source highlighting his “hard-working and professional” manner and referring to him as “someone I respect.” He is active in both litigation and commercial transactions, with further notable expertise in competition and lending. – Chambers and Partners 2019

Dar es Salaam managing partner Wilbert Kapinga left Mkono & Co Advocates to form the Bowmans Tanzania office. He is active on corporate, finance and competition law, as well as demonstrating substantial experience in regulatory matters and litigation. Sources rate his transactional practice highly, saying: “He is definitely a Band 1 lawyer – he’s excellent.” They go on to describe him as also “seriously heavyweight in litigation.“– Chambers and Partners 2018

“Top lawyer” Wilbert Kapinga recently left Mkono & Co Advocates to form the new Bowmans Tanzania office. He is highlighted by market commentators as a “meticulous, ardent lawyer and an all-rounder.” Sources go on to say: “He works with an extremely high level of diligence.” He assists clients with both commercial transactions and international arbitrations, and is respected for his established presence in the market. – Chambers and Partners 2017

“First class lawyer, Wilbert Kapinga is like the father of Tanzanian law.”  –  Chambers Global

Charles Mmasi is a partner in our Dar es Salaam office.

Charles joined Bowmans in May 2019 and advises on a broad range of transactional and regulatory matters across the mining, energy, infrastructure, telecommunications and agricultural sectors. He regularly works with major regional and international corporations, international banks and DFIs providing advice on banking and finance, corporate and M&A matters with specialization in cross-boarder and emerging markets work.

Charles was admitted as an advocate of the High Court of Tanzania in July 2015 after completing his Post-Graduate Diploma in Legal Practice at the Law School of Tanzania, having previously obtained a Masters in Commercial and Corporate Law (LLM) from the University of Dar es Salaam in 2013, an LLB (hons) from the Catholic University of Eastern Africa in 2012 and a B.A in International Relations and Diplomacy from the University of South Africa in 2012. Charles is a member of the Tanganyika Law Society and the East Africa Law Society.

Prior to joining Bowmans Charles trained and worked for over four years in the Dar es Salaam offices of a leading international law firm. During this time, he spent 6 months with their Johannesburg banking & finance team advising both lenders and developers on project finance, syndicated lending and structured trade and commodity finance. Charles was also seconded for over a year to the Dar es Salaam offices of Shell Exploration and Production Tanzania Limited (a wholly owned subsidiary of Royal Dutch Shell Plc) working as in-house legal counsel and as a key member advising on the USD 30 billion Tanzania LNG Project.

He is fluent in English and Swahili.

Relevant Experience

Highlights of Charles’ recent M&A and equity capital markets experience include advising:

• a major international insurance company in relation to an acquisition of a regional insurance company with operations in Tanzania, Kenya and Uganda; *
• a leading international company on the acquisition of a local bank; *
• an international communications company in respect of an acquisition of two Tanzanian media companies; *
• a leading innovative telecommunication company in Tanzania on their listing; and *
• Onomo Hotels, an international hospitality group, on its acquisition of Express Hotel Limited, owner and operator of the Ramada Hotel in Dar es Salaam, Tanzania.

Highlights of Charles’ recent finance experience includes advising:

• ZPC (the state electricity generating company of Zimbabwe) in connection with the high profile 670MW Hwange Thermal Power Expansion PPP Project and associated transmission system upgrade in Zimbabwe. The project size is in excess of USD 2 billion and involved sovereign loans from China Eximbank to the Government of Zimbabwe and a joint venture with SinohydroProviding advice on project financing, banking, corporate, investments, M&A and employment matters to regional and international corporations, international banks and DFIs; *
• Absa Bank Limited on handling of the USD 685 million promissory notes issued by The Republic of Ghana to Euroget de Invest S.A. in relation to the construction of military and civilian hospitals in Ghana; *
• The Development Bank of Southern Africa Limited in relation to a USD 100 million development finance to Zesco Limited in connection with the Kafue Gorge Lower Hydro Power Plant in Zambia;
• Strandline Resources Limited on the financing and development of the Fungoni mineral sands project in Tanzania;
• KfW IPEX Bank on the provision of funding to Kibaran Resources Limited for the development of the Epanko Graphite Project in Tanzania;
• Onomo Hotels, an international hospitality group, in relation to a USD 10 million term loan from EXIM Bank Tanzania Limited for the acquisition of Express Hotel Limited, owner and operator of the Ramada Hotel in Dar es Salaam, Tanzania;
• FirstRand Bank Limited (acting through its Rand Merchant Bank division) in respect of a capital restructure and refinancing in favour of the AfriSam Group; and
• Mizrahi Tefahot Bank, Israel and BNOP Agriculture Services Limited in respect of handling of EUR 2,700,000 Promissory Notes issued by Lake Oil Limited.

Highlights of Charles’ recent regulatory experience includes advising:

• Shell Exploration and Production Tanzania limited on various legal aspects of the USD 30 billion LNG Project and the decommissioning of oil & gas platforms including land acquisition, resettlement and livelihoods restoration, environmental impacts, project local content requirements and negotiating terms for the host government agreement. *
• an international energy company in respect of the development of thermal IPP in Tanzania; *
• one of the leading mobile network operators in Tanzania in relation to corporate, licensing, competition and disputes matters;
• Google on a range of regulatory issues in Tanzania; and
• IFC on the entire spectrum of Zanzibar laws that would affect an independent power project (IPP) to generate solar power on-grid electricity, with storage, in Zanzibar, to identify constraints for private-public partnerships (PPPs) and other private sector participation in IPPs.

* experience gained prior to joining Bowmans

Kelvin is an associate in the Corporate Department of our Dar es Salaam office in Tanzania.

He has experience in corporate services, banking and financing, corporate restructuring, competition, M&A, not-for-profit organizations and conveyancing.

Prior to joining Bowmans, Kelvin worked at a recognized international law firm in its Dar es Salaam office and also in the corporate and commercial transactions department of boutique law practice based in Dar es Salaam, Tanzania.

He has an LLM in Corporate and Commercial Law from the University of Dar es Salaam, Tanzania and an LLB (Hons) from the Catholic University of Eastern Africa in Nairobi, Kenya.

Kelvin is a registered Advocate in Tanzania and a member of the Tanganyika Law Society (TLS).

Relevant Experience

• Advised a Mauritius based Investment Company acting through its implementing agent with respect to a Receivables Purchase Agreement with a Tanzanian entity valued at USD 2 million.
• Advised a foreign lender on a loan facility of EUR 2 million extended to a Tanzanian financial leasing company.
• Advised a foreign investor/lender based in the United States of America on a variation of an existing loan facility extended to Tanzanian entity worth USD 1,575,000.
• Advised a Tanzanian renewable energy company on various matters including USD 620,000 committed facility extended by a lender in the renewable energy sector.
• Legal advisor and secretary to a number of Tanzanian companies and non-governmental organizations both locally and internationally registered in Tanzania.
• Advised a Tanzanian company on the set up of its subsidiary. My role included drafting the company constitutional documents, the incorporation and different post incorporation matters.
• Advised a Mauritius based Investment Company represented by on an acquisition of the business (shares) of a Tanzanian company worth USD 1,250,000.
• Advised and worked with one of the autonomous organizations of the United Nations in setting up six (6) corporate entities in the form of special purpose vehicles (SPVs) and restructuring one already existing company (by developing proper organization and governance structure to manage the company) for purposes of operating and managing different community based projects in Kigoma, Simiyu, Mara and Singida.
• Advised a South African investment bank on a mezzanine facilities agreement for facilities of USD 18,079,000.00 extended to a Mauritius based holding company (Borrower) which was secured by different securities including two (2) corporate guarantees from two (2) Tanzanian companies which are subsidiaries of the Borrower.
• Advised a South African investment bank in relation to a payment plan agreement between a Dubai based information technology and systems company and a leading Tanzanian bank.
• Advised a French based lender (a financial institution) in an offshore transaction that involved the transfer of its interests (eligible receivables) under a USD 992,907,801 facility advanced to the Government acting through the Ministry of Finance to its refinancing vehicle/entity based in France.
• Advised a French based financing company in the repurchase of a supplier credit facility an amount of circa EUR 1,165,000 granted by a French based exported/supplier to a Tanzania manufacturing and exporting company.
• Advised a financing fund based in the Cayman Islands on a USD 7 million uncommitted commodity financing transaction extended to a Tanzanian manufacturing company.