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The East African country has rolled back a staggering 374 fees and levies making it easier and cheaper for businesses to operate. Additionally, 55 laws and regulations across key sectors like agriculture, tourism, and energy have been amended to foster a more conducive business climate
Tanzania moves up in the pecking order of ease of doing business. Since 2017, the East African country has rolled back a staggering 374 fees and levies making it easier and cheaper for businesses to operate. Additionally, 55 laws and regulations across key sectors like agriculture, tourism, and energy have been amended to foster a more conducive business climate.
The multilateral organizations have been chipping in the process of removing the web of unnecessary laws and regulations. The Qualitan project, implemented by the United Nations Industrial Development Organization (UNIDO), is strengthening the Tanzania Bureau of Standards (TBS) and equipping MSMEs to meet international quality standards. The initiative includes establishing and equipping nine laboratories in Dar es Salaam and five in Dodoma, enabling TBS to provide efficient quality assurance services.
The UNDP-backed Funguo program is nurturing Tanzania’s next generation of entrepreneurs. By 2023, it has reached approximately 1,800 innovative youth-led companies, disbursing Sh4 billion to 43 promising ventures. This support has directly and indirectly created 4,000 jobs for young Tanzanians, showcasing the program’s potential to unleash the power of youth-led businesses.
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The EU remains committed to supporting Tanzania’s business growth trajectory. EU forges collaborations to ensure seed-funded enterprises can flourish and become independent, sustainable businesses.
