The first half of 2025 ends on 30 June. One of the things that has been done in Tanzania is to set the Structure of cooperative societies. In response to the changes, cooperative societies will be required to have the following structure: -
Per the change, a primary society dealing in savings and credit which intends to be a member of a secondary society must register as a member of a secondary society dealing in financial related matters.
A primary society is now required to be a member of either secondary level or federation, and a secondary society shall be required to be a member of a federation.
DARSTATE Attorneys believe that these changes will increase transparency in the operation of cooperative societies.
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