Purchase of shares outside Tanzania

There is a company in the UK, which has advertised for the sale of shares. It is a very reputable company, and I wish to invest in it. Do I have to get consent from any authorities in Tanzania prior to investing? I am going to use my funds and don’t understand why permission is required.
23 January 2012

Under Tanzanian law, if a person wishes to invest in a non-Tanzanian company, which is out of Tanzania, he or she must notify and
get consent from the Bank of Tanzania (BoT). Yes, it is your money, but such provisions are there to ensure that there is no flight of capital from Tanzania. As a developing country, Tanzania is trying to get its people to invest in its homeland to boost the local economy. And yes, the BoT has the power to disallow you to invest overseas.