1887

OECD Investment Policy Reviews: Tanzania 2013

image of OECD Investment Policy Reviews: Tanzania 2013

This review of investment policy in Tanzania evaluates the current policy situation and makes recommendations for  enabling Tanzania to attract higher investment to exploit its full potential and become a regional trade and investment hub. The review finds that while private investment in Tanzania has considerably risen since the early 1990s, further progress can be made to improve the business climate and attract more investment in key sectors, such as infrastructure and agriculture.

Informed by the subsequent chapters of this report, this overview provides policy options to address these challenges. In particular, investors’ rights and obligations could be rationalised and made more accessible and regulations on foreign investment and investment incentives reviewed. The land legislation could be revised and land rights registration accelerated, notably by providing stronger incentives for registration. The short-term and long-term costs and benefits of the regulatory restrictions imposed by crop boards and of export bans could be closely analysed.

English

.

Investment promotion and facilitation in Tanzania

With the establishment in 1997 of the Tanzania Investment Centre (TIC), Tanzania has made vast strides in building a more efficient framework for setting up businesses. This chapter examines various measures adopted by the government to reduce administrative burdens on investors, both under the umbrella of the TIC and outside of it. Yet further progress is needed in terms of: determining a precise and long-term investment strategy; streamlining investment promotion functions across different bodies; improving TIC’s statistical capacity; better addressing the needs of SMEs; and increasing domestic investment linkages. Tanzania’s framework of investment incentives and EPZs also urgently needs to be rationalised and subjected to more stringent cost-benefit analysis. Finally while laudable efforts for facilitating public-private dialogue, there remains some confusion and controversy among the different bodies that serve as intermediaries between the government and the private sector.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error