Tanzania is experiencing an unprecedented surge in Foreign Direct Investment (FDI), positioning itself as East Africa’s premier investment hub. With a strong policy and infrastructure reform agenda, Tanzania is not only attracting capital but also creating jobs, transferring technology, and reducing poverty in line with its Vision 2050 of achieving a USD 1 trillion economy. […]
As Tanzania advances toward its Vision 2050 goals, a robust and inclusive tax system is becoming increasingly central to the country’s development strategy. The Tanzania Investment and Consultant Group Ltd. (TICGL), through its recent report “Tanzania’s Tax System and Economic Development (2025–2030)”, sheds light on how the government’s tax reforms are driving economic growth, while […]
Small and Medium Enterprises (SMEs) are the backbone of Tanzania’s economy, contributing approximately 35% of the national GDP and employing more than 6 million people across diverse sectors such as retail, manufacturing, services, agriculture, and ICT. Despite this vital role, Tanzanian SMEs face significant hurdles due to a complex and burdensome tax system that undermines […]
Microfinance Institutions (MFIs) are pivotal in driving financial inclusion and economic growth in Tanzania, particularly for Micro and Small Enterprises (MSEs). A recent study by the Tanzania Investment and Consultant Group Ltd. (TICGL) titled "The Contribution of Microfinance Services to the Development of Small and Medium Enterprises in Tanzania" provides comprehensive insights into how MFIs […]
Tanzania stands at a crossroads, poised to become East Africa’s trade powerhouse but held back by systemic barriers that stifle small and medium enterprises (SMEs), which drive 35% of GDP and employ 60% of the workforce (ILO, 2020). High taxes, fragile startup ecosystems, and outdated infrastructure limit Tanzania’s competitiveness within the East African Community (EAC) […]
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 […]
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