-
Sub-Saharan Africa
-
Low income
|
-
46,218,486 (2012)
-
540
|
Below are select highlights for the data included in the profile.
- Doing Business 2012 ranked Tanzania 127th out of 183 economies. Its overall score has declined by 2 points this year, reflecting lower improvements for seven indicators.
- According to the latest Enterprise Surveys (2006), the top obstacles to running a business include Electricity and Access to Finance.
- Of the 33 sectors covered by the Investing Across Sectors indicators, 26 are fully open to foreign equity ownership in Tanzania, including manufacturing and primary industries. The country imposes foreign equity ownership restrictions on a number of service sectors. For example, foreign capital participation in the telecommunications sector is limited to a maximum of 65%. Furthermore, Tanzanian laws specify that at least one-third of the share capital of insurance companies must be owned by Tanzanian citizens. The media industry is subject to limits on foreign ownership as well. While the Broadcasting Services Act allows a maximum of 49% foreign ownership of Tanzanian TV stations, foreign capital participation in local nationwide newspapers is prohibited. It takes 14 procedures and 38 days to establish a foreign-owned limited liability company (LLC) in Dar es Salaam, Tanzania. This is slower than both the IAB regional average for Sub-Saharan Africa and the IAB global average.
- Tanzania’s economic freedom score is 57, making its economy the 110th freest out of 183 in the 2012 Index. Its score is unchanged from last year. Tanzania is ranked 16th out of 46 countries in the Sub-Saharan Africa region, and its overall score is slightly lower than the world average.*
* Source: The Heritage Foundation Index of Economic Freedom, http://www.heritage.org/index/
View projects associated with the World Bank Group's Finance and Private Sector Development unit. View brief summaries of the private sector strategy as stated in the most recent Country Assistance Strategy (CAS) document.
Tanzania Country Assistance Strategy (CAS) PSD focus:
(March 2007)
- Macro-economic stability maintained: Continue to strengthen tax administration; reduce tax evasion and corruption; elimintae harrasment of taxpayer; review tax policy in order to increase tax effort.
- Macro-economic stability maintained: Deepen financial sector reforms in order to attain deposit rate that encourages savings, and lending rate which lowers the cost of borrowing (narrowing spread, hence encouraging investment).
- Accelerated GDP growth: Maintaing predictable business environment through BEST programme. Expedite implementation of BEST action plan.
- Scaled up participation of the Informal sector and SMEs (including cooperatives): Accord high priority to the promotion and participation of SMEs.
- Increased growth of manufacturing sector: Enhance measures to attract more investment with a view to increasing productivity and enhancing job creation.
- Increased technological innovations, upgrades and use of technologies: Promote the use of ICT to further develop capacities for SMEs and the self-employed for increased productivity.
|
| Project |
Total Project Amount
(US $ millions) |
Contact |
|
| Project |
Total Project Amount
(US $ millions) |
Contact |
|
|
0.85 |
Vivian Awiti Owuor |
|
575787 |
|
7/1/2010 |
|
Active |
|
|
|
0.93 |
Cuthbert Tembedza |
|
564608 |
|
3/1/2010 |
|
Active |
|
|
ACBP2 - Tanzania |
0.27 |
Moyo Violet Ndonde |
|
569788 |
|
7/1/2009 |
|
Active |
|
|
AMSMETA DTB Tanz |
0.57 |
Vivian Awiti Owuor |
|
562150 |
|
8/15/2008 |
|
Active |
|
|
LFS Tanzania TA |
1.00 |
Ingrid Stokstad |
|
554745 |
|
6/15/2007 |
|
Active |
|
|
TZ Leasing BDS |
0.08 |
Moyo Violet Ndonde |
|
559185 |
|
9/1/2007 - 12/31/2008 |
|
Closed |
|
|
GEM Exim Tanzania TA |
0.23 |
Makena Mwiti |
|
550969 |
|
4/1/2007 - 6/30/2009 |
|
Closed |
|
