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Overview

Already Tanzania's largest sector, agriculture continues to post positive trends
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Agriculture is undoubtedly the largest and most important sector of the Tanzanian economy, with the country benefitting from a diverse production base that includes livestock, staple food crops and a variety of cash crops. The sector’s contribution to GDP has more than tripled in the last 10 years, supported by rising cash crop production, an emerging agro-processing segment and strong domestic…

Overview

Outline of Tanzania's taxation principles for individuals and businesses
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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 paying the correct taxes. Corporations Standard…

Overview

Outline of Tanzania's company, labour and natural resource laws
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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 international treaties and a member of global organisations,…

Overview

Access to medical services increases in Tanzania
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Tanzania is gearing up for an overhaul of its health care sector that could prove transformational by ensuring universal insurance coverage and greatly broadening the opportunities for outside service providers. The past decade-and-a-half has seen considerable successes in public health, with major communicable diseases brought under control and steady rises in expenditure. Primary care has…

Overview

Enrolment rates rise in Tanzania with free secondary education
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As Tanzania seeks middle-income status, strengthening the education system has become a high priority. The past 20 years have seen substantial progress in improving access to education and enrolment rates. Service provision by the private sector has also expanded significantly, with international schools becoming more popular. In 2015 the government abolished fees for public secondary schools,…

Overview

General cultural and business information for those visiting Tanzania
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Dress Tanzania has an equatorial climate with dry and rainy seasons. Light clothing and an umbrella are recommended, especially during the hot and humid months between February and the middle of the calendar year. Private sector executives sometimes opt for an open collar, while public sector senior-level executives often wear a suit and tie. Women occupying top positions will often dress…

Overview

Hotels for a visit to Tanzania
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GOLDEN TULIP DAR ES SALAAM OYSTERBAY HOTEL Toure Drive, Msasani Peninsula T: (+255) 222 600 286 F: (+255) 712 535 889 www.goldentulipdaressalaam.com enquiries@goldentuliptanzania.com Rooms: 84 full-sized rooms, including one presidential suite, two diplomatic suites and four executive suites, each with a private balcony and ocean view. Business & Conference Facilities: The Oyster Bay outdoor…
Interview

Charles Kimei, CEO and Managing Director, CRDB Bank: Interview
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Interview:Charles Kimei, CEO and Managing Director, CRDB Bank In what ways has the sector been impacted by volatility in commodity markets? CHARLES KIMEI: One of the central risks of commodity financing is the unpredictability of world market prices, combined with the absence of mechanisms for managing this risk in unsophisticated financing markets, where hedging instruments – including price…
Interview

Libérat Mfumukeko, Secretary-General, EAC: Interview
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Interview:Libérat Mfumukeko, Secretary-General, EAC To what extent have EAC members harmonised policies ahead of the creation of a monetary union? LIBÉRAT MFUMUKEKO: During the transition towards the East African Monetary Union (EAMU), the existing exchange rate policies of EAC countries will remain the same. National exchange rates will be market determined, and central banks will intervene…
Interview

Stergomena Lawrence Tax, Executive Secretary, Southern African Development Community (SADC): Interview
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Interview:Stergomena Lawrence Tax, Executive Secretary, Southern African Development Community (SADC) How has the SADC Industrialisation Strategy and Roadmap impacted industrialisation? STERGOMENA LAWRENCE TAX: The SADC Industrialisation Strategy and Roadmap 2015-63 was approved in April 2015. To operationalise the strategy, a detailed action plan was prepared and approved in March 2017. Studies…