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Analysis

Levies adjusted to make Tanzanian agriculture more competitive
OBG
plus

In a bid to bolster slowing agricultural exports and support industry growth, the government of Tanzania moved to eliminate the majority of levies applied to the agriculture sector in its 2017/18 budget. These levies have led to inflated input costs, and high levels of value-added tax (VAT) and tariffs on inputs have disproportionately affected smallholder farmers. Eliminating levies should…

Analysis

Tanzania launches initiatives to modernise and expand smallholder agricultural production
OBG
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Smallholder farmers account for the large majority of agricultural output in Tanzania, making their integration into larger value chains a vital component of the sector’s growth agenda. At present, smallholder growth remains constrained by severe infrastructure deficits that limit access to domestic and international markets, challenges in obtaining and utilising high-yielding inputs such…

Analysis

Development plans in Tanzania address the local business environment
OBG
plus

The United Republic of Tanzania comprises two separate, semi-autonomous regions: mainland Tanzania (formerly Tanganyika) and Zanzibar, an archipelago of islands with its own executive, legislative and judicial branches. Certain areas of law are union matters, meaning the same law applies to both lands, while for non-union matters – such as corporate or land law – Zanzibar’s legislature…

Analysis

Tanzania's tourism sector strategy focuses on product, infrastructure and skills development
OBG
plus

As it looks to develop its first new National Tourism Policy in 18 years, the Tanzanian government is likely to have a number of priorities in mind, including boosting visitor numbers, enhancing market and geographical diversification, and improving standards to ensure that the country retains its status as a high-end destination. The new policy can draw on both the government’s overarching…

Overview

An overview of Tanzania's political history
OBG
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Reputed for its stability in the region, Tanzania is also one of sub-Saharan Africa’s fastest-growing economies, boasting average GDP growth of around 7% per year since 2000. The country has historically been an attractive centre for trade due to its strategic location along the continent’s east coast. Until the arrival of European settlers in the 19th century, the country primarily traded…

Overview

Fiscal reforms and infrastructure investment in Tanzania
OBG
plus

The second-largest economy in the EAC, with an estimated population of 53m, Tanzania is one of the biggest consumer markets in the region. A stable democracy combined with extractive wealth, a favourable climate for agriculture, and natural assets such as Mount Kilimanjaro and the Serengeti National Park have helped it build a relatively high rate of growth over the last decade, averaging 6-7%…

Overview

Dar es Salaam Stock Exchange launches new products
OBG
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The Dar es Salaam Stock Exchange (DSE) has evolved impressively since its establishment in 1996, and its recent demutualisation has ushered in a new phase of market development. Updated regulations, products and infrastructure are under way as exchange authorities position the DSE to attract much-needed liquidity. However, 2016 was a challenging year from an investment perspective. The effects…

Overview

Tanzania among Africa's fastest-growing economies
OBG
plus

Located on the east coast of Africa and south of the equator, Tanzania was home to some of the world’s first human settlements. Indeed, in 1959 some of the oldest human fossils were unearthed by an anthropologist in Olduvai Gorge in northern Tanzania. Also known as the “Cradle of Mankind”, this area is home to some of the oldest evidence of mankind’s evolution, with fossils dating back…

Overview

New regulatory framework to boost income for Tanzanian insurance companies
OBG
plus

While Tanzania’s insurance industry premiums have increased over the past year, elevated competition has affected underwriting profits. An agenda of wholesale regulatory reform may be welcomed by the larger players as a basis for a more sustainable market, but many insurers with lower levels of capitalisation face an uncertain period, as legislation is given an overhaul and more stringent…

Overview

Stability indicators cushion Tanzanian banks
OBG
plus

Tanzania has a well-developed and diverse financial services sector, with large domestic and multinational lenders present, and a rate of financial inclusion that exceeds that of most other large economies in Africa. However, in line with major markets elsewhere on the continent, just five bodies account for roughly half of total assets. The year 2017 was challenging for Tanzania’s banks,…