 Tanzania embarked on concerted socio - economic policy and institutional reforms in 1986, with a view of promoting economic growth, reduction of inflation, strengthening of the country’s balance of payment position, maintenance of monetary stability, strengthening of the financial sector etc. These measures have been underpinned by continuing civil service and Parastal reforms. These reforms have ushered in significant results. The key economic agents are positively responding to the measures. To improve investment climate, a number of policy reforms have been made to allow smooth flow of investible funds in the country. Land reforms: Land Policy has been formulated, and issues of land ownership, guarantees and user rights, guidelines for granting of long term leaseholds to potential investors and developers have been outlined, Immigration: Matters concerning visa entries, promptness of issuance short / long term work permits, renewals have been addressed. Industrial Polices: National Industrialisation policy, which will guide investment, outlays for the next 25 years is being reviewed. Labour Laws: The labour laws are being reviewed to rationalise and making them answerable to the envisaged investment climate. Infrastructure: The Government is currently working on improvement and development of basic infrastructure:- roads, and other means of transport, communication, energy, water, and other services (banking insurance etc.), in facilitating investments to internationally acceptable standards. Such policy options include; commercialisation of parastals with both opening up and contracting of critical activities to the private sector, and relegation to wholly owned private sector participation, for example, electricity, shipping, air transport, telecommunication and urban water supply. Potential investors are welcome to invest to Tanzania, the climate for Investment is more than right. It is equable and attractive. The potential benefits for both the Investors and Tanzanians are enormous. Tanzania has vast resources, which only need capital to be developed. Tanzania enjoys an un interrupted peace and tranquillity throughout the 40 years of independence. |
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