Below are select highlights for the data included in the profile.
- Doing Business 2012 ranked Tanzania 134th out of 185 economies. Its overall score has declined by 1 point this year, reflecting lower scores for 8 out of 10 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 57.9, making its economy the 98th freest in the 2013 Index. Its score is 0.9 point higher than last year, with improvements in half of the 10 economic freedoms, including business freedom and freedom from corruption, outweighing a decline in the control of government spending. Tanzania is ranked 13th 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/