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Analysis

Road improvements in Tanzania to reduce congestion and address rising vehicle use
OBG
plus

As is the case in markets from Dakar to Durban, roads in Tanzania handle the majority of the country’s internal trade, largely due to a lack of alternatives, with rail suffering from underinvestment and poor maintenance. Port congestion and railway deterioration have led to rising road traffic and congestion in Dar es Salaam and border roads. Rapid economic growth and a longstanding shortfall…

Analysis

Tanzania could export LNG in the near future
OBG
plus

Tanzania has made substantial gas finds in recent years, but taking advantage of them will require major investment, and the size of the deposits suggests there will be a need to find export markets. The National Gas Utilisation Master Plan – which was released by the Ministry of Energy in 2016 – demonstrated that more than 40trn of the 47trn cu feet in then-known offshore reserves were…

Analysis

Tanzania invests in port infrastructure to boost traffic and efficiency
OBG
plus

Enormous potential for future expansion exists in Tanzania’s maritime sector. The country’s coastline stretches approximately 1424 km across East Africa, acting as a central corridor linking the EAC, the Southern African Development Community and the Common Market for Eastern and Southern Africa. Its maritime industry benefits from an ideal location along Indian Ocean trade routes, with…

Analysis

Telecoms infrastructure in Tanzania continues to improve
OBG
plus

With explosive growth in mobile broadband uptake since 2012, Tanzania’s rapidly expanding 3G and 4G networks are driving urban telecoms growth and benefitting from significant capital expenditure in recent times. However, 3G coverage remains limited to just 35% of the population, while 4G services do not extend beyond urban areas at present. The government and the private sector are working…

Analysis

Tanzania's new draft budget seeks to advance industrial activity
OBG
plus

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 economies in the EAC, with the IMF forecasting GDP growth…

Analysis

Energy sector reform ensures transparency in Tanzania
OBG
plus

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 overhauled various upstream and midstream segments,…

Analysis

Tanzania's special economic zones continue to attract regional investors
OBG
plus

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 export-oriented manufacturing activities, while the…

Analysis

Rising tourism numbers sustain hotel investment in Tanzania
OBG
plus

While some hotels in Tanzania have been affected by taxes on tourism activities and slowing foreign investment in 2017, the outlook for growth is nonetheless promising. Rising visitor numbers and the diversification of the tourism sector are encouraging major chains to move into the country with a view to the long term. Demand Growth Hotel occupancy and average daily rates (ADR) are set to…

Analysis

Tanzania youth benefit from knowledge-sharing and vocational training
OBG
plus

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 sector partners, a model that is likely to be expanded…

Analysis

Certain capital expenditures qualify for tax allowances under Tanzanian law
OBG
plus

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. The Income Tax Act, 2004 allows businesses to recoup…