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The draft budget for FY 2017/18, tabled on June 9, 2017 by the Ministry of Finance and Planning (MoFP), aims to raise real GDP growth to 7.1% in 2017, up from 7% the previous year, while shrinking the budget deficit from 4.5% to 3.8% of GDP, and keeping inflation between 5% and 8%. A country of 53m, Tanzania remains one of the strongest...

Located along an increasingly important international trade corridor and benefitting from over 1400 km of Indian Ocean coastline, Tanzania is well positioned to expand its share of regional transit and trans-shipment activities. The country already serves as an international gateway for six landlocked African countries, making the development...

The regulatory framework for the energy sector in Tanzania is evolving rapidly. However, the sheer volume of changes has left many investors struggling to ensure compliance, and recent laws and regulations create potential conflicts with previously struck production-sharing agreements (PSAs). In addition to the Petroleum Law of 2015, which...

The real estate sector in Tanzania is relatively young, with large-scale commercial development only taking off in the 1990s. The 1970s and 1980s witnessed the imposition of rent caps, which acted as stumbling blocks to large-scale building. In the 1990s a structural adjustment resulted in the opening up of the housing sector to private...

The government of Tanzania hopes to encourage industrialisation and investment in labour-intensive manufacturing through its export processing zone (EPZ) and special economic zone (SEZ) schemes, which were launched in 2002 and 2006, respectively. Managed by the Export Processing Zones Authority (EPZA), the EPZ scheme promotes investment in...