The investment environment enjoys a multitude of strengths such as the presence of the Tanzania Investment Centre (TIC), Zanzibar Investment Promotion Authority (ZIPA) and Export Processing Zones Authority (EPZA) promote, coordinate and facilitate foreign investments, and provide investment incentives. Tanzania is also signatory to...
In recent decades, pharmaceuticals production has expanded its geographical reach. This trend appears to be here to stay; in a 2015 survey of major pharmaceutical firms conducted by global consulting firm Strategy&, more than half of respondents anticipated that over 30% of their global sales would originate in emerging markets by 2018....
While many countries have overlooked vocational education to focus on schools and universities, Tanzania has had a thriving vocational segment for decades. Indeed, it has proved more responsive to the needs of an evolving society and a growing market than much of the education sector, and has taken a lead in involving foreign and private...
Tanzania has a broad taxation system covering income taxes, value-added tax (VAT), stamp duty, and Customs and excise duties. These are governed by laws that provide for the charge, assessment and collection of taxes. The Tanzania Revenue Authority (TRA) may conduct tax audits of individuals and entities to confirm that they are compliant and...
Although priorities vary when it comes to economic development, the increasing need for skilled labour is both a cause of and a requirement for accelerated growth across markets. This demand for technical specialists is often most concentrated in the sectors that are vital to economic advancement, including infrastructure, oil and gas...
As many nations in sub-Saharan Africa rely largely on tax revenues to fund spending, governments have been known to be displeased with businesses that delay recouping investments and consequently graduate into the income taxpayers’ group. However, imposing income tax on businesses yet to recoup their initial investment would deter investors....
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