The Economy

"...We shall stay the course of reforms and openness to private sector led investment and trade.

We are committed to making Tanzania a success story in political and economic reforms, in growth and development and sustainable progress driven by market friendly policies and proactive private sector...."

H.E Jakaya Mrisho Kikwete

The President of the United Republic of Tanzania

 

Sectors of the economy, government's facitative role, private sector participation.

The main sectors of the economy cover: Agriculture, Mining, Tourism, Manufacturing, Utilities (water, electricity), Construction, Trade, Transport and Communication, Financial and Business Services, Public Administration, Economic and Social Services: Education, Health and Other activities.

The Government has been implementing far reaching pro-market economic reforms geared towards poverty eradication through higher rates of economic growth coupled with social equality. Measures are continuously been implemete to improve both the business climate and economic and social infrastructure  so as to ensure that the country remains Africa's leading investment and business destination. Allocation of resources in the annual budget reflects the sector priorities. Legislation has been promulgated for promotion and protection of private property and investments; additionally the Government is implementing a multi-sector program (Business Environment Strengthening for Tanzania - BEST) aimed at reducing the admistrative and regulatory burden of doing business in Tanzania and to improve government and judicial services to the private sector.

The Tanzania Investment Centre (TIC) has been established as the Agency to promote and facilitate private investments on the mainland while the Zanzibar Investment Promotion Agency (ZIPA) has been established to promote and facilitate investments in Zanzibar. The Board of External Trade (BET) has been established to promote Tanzania exports and trade operations. The Tanzania Tourist Board (TTB) and the Zanzibar Commission for Tourism (ZCT) are responsible for promoting tourism. The Business Registration and Licensing Agency (BRELA) has been established to facilitate registration and licensing business while the Tanznia Revenue Authority  (TRA) has been established to enhance government revenue collection.

Other Useful Links are:

Business Registration and Licensing Agency (BRELA)

Capital Markets and Securities Authority (CMSA)