Foreign shareholding in a shipping agent company is limited to 40%.
"3. In these Regulations, unless the contextotherwise requires-[...]
"shipping agent” means the Corporation or a company engaged in providing shipping agency services for sea ports and inland waterways ports in Mainland Tanzania in accordance with the Act and these Regulations;[...]
PART II - LICENCING PROCEDURES
4..-(1) Subject to section 6 of the Act, a companywhich intends to carry on business as a shipping agent shall apply to the Corporation in Form No 1 set out inthe First Schedule to these Regulations.[...]
5. A company shall be eligible for licence if it-(a) is not a ship owner, ship operator or a ship charterer;(b) possesses the prescribed qualifications forthe proper carrying on the business of shipping agency provided under the Act and these Regulations;(c) has a proper registered place of business in Mainland Tanzania;[...] (e) is incorporated under the Companies Act in which sixty per cent or more of the share capital is held by citizen of Tanzania; 
[...]
PART V - CAPITAL AND OTHER REQUIREMENTS FOR SHIPPING AGENTS
25. The amount of authorized capital required to establish a shipping agency business shall be: (a) in case of sea ports :(i) not less than United States Dollars ten thousand or its equivalent in Tanzanian shillings for a company wholly owned by Tanzania citizen; or (ii) not less than United States Dollars one hundred thousand or its equivalent in Tanzanian Shillings for a company owned jointly by Tanzania citizen and foreigner, and(b) in case of an inland waterways port: (i) not less than United States Dollars two thousand or its equivalent in Tanzanian shillings for a company wholly owned by Tanzanian citizen; or (ii) not less than United States Dollars twenty five thousand or its equivalent in Tanzanian shillings for a company owned jointly by Tanzanian citizen and foreigner.[...] (TANZANIA SHIPPING AGENCIES (SHIPPING AGENTS) REGULATIONS, 2018)
TANZANIA SHIPPING AGENCIES (SHIPPING AGENTS)REGULATIONS, 2018
[<a href="https://www.tasac.go.tz/uploads/publications/sw1538385594-SHIPPING%20AGENTS%20REGULATIONS-2018_GN.NO.339%20(1).pdf">Reg</a>]