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Tanzanian government launches a new initiative in pursuit for investors

  • Категория: News

Tanzania Business Clinic (TBC) initiative is supposed to lure new investors and improve the business climate in the country. The decision follows numerous preceding amendments in the legislation. The changes concern immigration policy, VAT, imports, environment and social care. Thus, the Tanzanian authorities hope to fix the drawbacks indicated in the Doing Business Report 2018 by the World Bank in which the country scored 137th.

TBC will select experts from agencies and organizations that have an expertise in business operations. The employees-to-be will teach entrepreneurs how to do business on an international level within the new legislative framework. The officials intend to evaluate potential challenges and elaborate short and long-term solutions for various Tanzanian industries.

The headquarters will be established in Dar es Salaam. Also, numerous offices are about to appear across the country. The financial year 2018-2019 begins in July, so the government gets down to the implementation of the platform immediately. The officials hope that the initiative will shift business models and boost industrial development in Tanzania. Consumer goods manufacturing, mining, food and pharmaceutical industries are supposedly the most promising ones for investors. 

Source: allafrica.com

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