Tanzania

Expansion of air connections – including the launch of new low-cost routes – airport upgrades and developments, as well as new additions to the national airline are expected to help sustain Tanzania’s recent growth in visitor numbers, while also bolstering tourism overall.

As part of a significant push by the government to sustain economic growth and inclusion, industrialisation is set to accelerate in Tanzania, on the back of increased manufacturing output and recent investment in labour-intensive industries. However, the sector faces notable challenges, including rising production costs, limited infrastructure...

Outside of food and beverages – and the broader agro-processing segment – the manufacturing sector is supported primarily by cement manufacturing, with the country’s cement capacity expanding rapidly in recent years, most significantly after the 2015 market entry of Nigeria’s Dangote Cement, one of the continent’s largest cement players....

Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...

Improving Tanzania’s business environment is central to the government’s drive to encourage investment. Ranking in the top 100 of the World Bank’s “Doing Business” report was a target of the first five-year development plan that ran to 2016. However, by the time the second plan covering 2016-21 was formulated in 2016, Tanzania had fallen nine...

Once reserved for ambitious start-ups and industry-leading tech operators, financial technology (fintech) has more recently caught the attention of major private sector firms and government planners alike, becoming a regular feature in budget speeches and strategic development plans. As fintech progressively plays a larger part in the lives of...