A recent survey on the business environment of Tanzania indicates that investors are concerned with high taxation and inadequate infrastructure.
Investments in Tanzania increased largely thanks to natural gas discoveries across the country.
In 2015, FDI net inflows in Tanzania decreased by 34% to USD1.5b from USD2.04b in 2014.
According to the 2016 World Investment Report of the United Nations Conference on Trade and Development (UNCTAD), low commodity prices depressed FDI inflows in natural resource based economies across Sub Saharan Africa.
However, over the past 2 years Tanzania remained the first recipient of FDI in East Africa.
The top 5 providers of FDI into Tanzania are South Africa, UK, Kenya, Canada, and China.
On 23rd March 2015, the Tanzania Investment Centre (TIC) and the Investment Climate Facility for Africa (ICF) signed an agreement worth USD950,000 on a project that aims to increase investments in the country.
This will be achieved by expanding, consolidating and promoting the Tanzania Investment Window (TIW).
The TIW allows investors to register companies and to obtain investment certificates, work permits and tax exemptions on-line.
TIC is the primary agency of the Government to coordinate, encourage, promote and facilitate investment in Tanzania.
The agency is now looking to promote further investment in key economic sectors.
Clifford Tandari, Chief Executive of TIC explained to TanzaniaInvest: “We are currently focused on promoting investments in manufacturing, agriculture—where the majority of Tanzanians are involved – real estate, construction, infrastructure, tourism, and hospitality.”
In its latest Africa Attractiveness Index (AAI) of May 2017, multinational professional services firm EY ranked Tanzania N1 for economic resilience.
Tanzania’s President Hon. Dr. John Magufuli has appointed Mr. Geoffrey Idelphonce Mwambe as Executive Director of the Tanzania Investment Centre (TIC), with immediate effect.
The Tanzania Investment Forum 2016, focused on economic growth and investment opportunities in Tanzania, will be held at the Julius Nyerere International Convention Centre (JNICC)…
The Government of Tanzania has received a TZS97b grant from China for further development of the country’s education, seaports, health and airline security.
In 2015, Tanzania increased its FDI project numbers by 25% to 20, ranking 10th place in Africa.
The Tanzania Investment Centre (TIC) plans to attract USD5b Foreign Direct Investments (FDI) to the country by 2020 to boost its economic growth.
Tanzania has committed to facilitating investors from Cuba in sugar production and medical drugs.
The Export Processing Zones Authority (EPZA) signed a Memorandum of Understanding (MoU) with www.TanzaniaInvest.com on August 2nd 2016 to cooperate in promoting business and investment…
Tanzania was among the leading investment destinations in Africa in 2015, the recently published 2016 African Economic Outlook (AEO) indicates.