The steady process of telecoms liberalisation in Tanzania has seen private investment in the sector soar in recent years, as mobile operators invest heavily in broadening next-generation services and mobilemoney platforms. In a bid to ensure that the domestic economy benefits from the increased activity in the sector, successive presidential...
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....
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...
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...
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...
For the government, boosting the proportion of the population with access to financial services is a strategic priority. According to a 2016 IMF report, financial inclusion rose by 42 percentage points to 58% of the population between 2009 and 2013 – a surge which the IMF attributes almost entirely to new distribution channels, such as mobile...
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