Starting a business in Tanzania

A limited liability company can be established under the Companies Act 2002 which sets out the relevant legal framework. The relevant bodies or authorities involved in the establishments of a business are as follows: – Business Registration and Licensing Agency (BRELA), the body for registering companies in Tanzania Ministry of Industry Trade and Investment responsible…

Tanzania – 7 Major projects currently implemented by the Government

The Government is implementing the National Five-Year Development Plan 2016/17 – 2020/2021, which aims at nurturing industrialisation for economic transformation and human development. Under this Plan, the Government is implementing the following projects: – Construction of a new Central Railway line to Standard Gauge, the Government is constructing a new electric railway line using domestic…

Trade and Development Bank

The Eastern and Southern African Trade and Development Bank, known more commonly as TDB, and previously PTA Bank, is a specialised African regional financial institution established in 1985 that provides short, medium and long-term financing across a wide set of sectors, both private- and public-sector clients, on sustainable and commercial principles.   The Bank’s mission…

Opportunities in Tanzania

Tanzania is one of the best performing economies of Africa. The country enjoyed steady growth for the last decade and a 7.0%[1] GDP increase in 2016. Neighbour to 6 countries, it performs strongly in the industry, construction, services, information and communications sectors.   For an investor, international business or businessman, it is reassuring to know…

Rwanda revisited

Rwanda is located in the centre of Sub-Saharan Africa. It borders the DRC, Uganda, Tanzania and Burundi. Rwanda is about 10% smaller than Belgium in terms of land size and recently overtook Belgium in terms of population size (12 million). The median age in Belgium is 41 years, whereas in Rwanda it’s 20 years. The…