Tanzania Private Sector Development

Tanzania Private Sector Development support all those who would like to invest in Tanzania . During the past decade Tanzania has distinguished itself as one of the few African countries that have radically transformed their economies.

The Tanzania National Business Council 50% government and 50% Private Sector is the lead dialogue institution where government interact with diverse stakeholder representatives from the private sector for dialogue on strategic issues related to the investment process and business environment in Tanzania.

Overview of Tanzania Private Sector Development

Successes of these reforms are reflected in the country’s strong macroeconomic fundamentals with consistently increasing growth rates, consistent falling inflation and increasing inflow of FDI.

One of the factors that contributed to this success is the country’s unwavering commitment to build a strong private sector.

This achievement is a result of a number of measures to reform the business environment by improving transparency of the investment process and encouraging stakeholder participation.

A number of institutions and forums have been put in place to ensure a broader participation of different stakeholders including representatives of the private sector, tradeunions, professional associations, media, and Government departments and other representatives of civil society.

Existing institutions with stakeholder participation in the investment process include: Tanzania National Business Council; Investor’s Roundtables; Special Reform Task Forces; Investment Seminars; Boardmembership in TIC and other Government Agencies.

The Council is chaired by the President of Tanzania. The President’s commitment to transparency manifests itself in the workings of the roundtables such as the local Investor’s Round Table (LIRT), International Investor’s Roundtable (IIRT) and the Chief Executive Officers (CEO) Roundtable where the President meets private sector representatives on a regular basis to discuss specific issues aimed at improving Tanzania’sbusiness competitiveness.

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