Employment Trends in Tanzania (2025-2030), Bridging the Formal and Informal Gap Tanzania’s workforce is 71.8% informal (25.95 million workers) and 28.2% formal (10.17 million workers), highlighting a major divide in job security, wages, and social protection. While formal employment is projected to rise to 38% by 2030, barriers such as limited job availability (42%), skills […]
Introduction Tanzania is accelerating its economic transformation by leveraging Public-Private Partnerships (PPPs) as a key strategy for sustainable development. With a total development budget of TZS 54.575 trillion for 2021/22 to 2024/25, the government is focusing on infrastructure, energy, and social service projects. Notably, TZS 33.794 trillion of this budget is sourced domestically, showcasing Tanzania’s […]
Introduction Tanzania's labor market is undergoing a significant transformation, with a gradual shift from informal to formal employment. As of 2024, 28% of the workforce (10.17 million workers) is engaged in the formal sector, while 71.8% (25.95 million workers) remain in informal employment. This shift is expected to accelerate, with projections indicating that formal employment […]
Introduction Tanzania's banking sector has experienced rapid growth, fueled by digital innovations, regulatory reforms, and increasing financial inclusivity. As of 2024, the sector comprises 49 licensed banks, collectively managing TZS 43 trillion (USD 18 billion) in assets, accounting for 20% of the country’s GDP. The rise of mobile banking has played a crucial role in […]
Introduction Tax reforms and policy planning play a critical role in shaping Tanzania’s economic landscape. In the 2023/2024 fiscal year, Tanzania recorded TZS 27.64 trillion in tax revenue, marking a 14.47% growth compared to the previous year. However, the tax revenue target of TZS 28.3 trillion was not fully met, signaling a need for enhanced […]
Introduction Small and Medium Enterprises (SMEs) are the backbone of Tanzania’s economy, contributing 35% to GDP and employing approximately 4-5 million people, which accounts for 50% of the workforce. Representing 95% of all businesses, SMEs drive growth in agriculture, manufacturing, services, and construction. However, challenges such as limited financing, regulatory barriers, and infrastructure gaps hinder […]
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