Tanzania Investment Centre Investment Opportunities Tanzania Investors Guide Tanzania Investment INVESTORS’ GUIDE TO TANZANIA TANZANIA

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Tanzania Investment Centre Investment Opportunities Tanzania Investors Guide Tanzania Investment INVESTORS’ GUIDE TO TANZANIA TANZANIA Powered By Docstoc
					INVESTORS’ GUIDE TO
     TANZANIA
                                                                           TANZANIA WELCOMES YOU
                                                                                                                                THE ECONOMY
                                                                                                                                Since 1986 , Tanzania has been implementing a series of
                                                               BASIC DATA                                                       recovery and adjustment programmes with the support of
                                                               LAND AREA :947.087 sq.km.
                                                                                                                                World Bank and IMF.
                                                               POPULATION:31.0 million(1999est)
                                                               POPULATION GROWTH RATE: 2.8% per annum                           The Government has withdrawn from business. The tax
                                                               CURRENCY:Tanzania shilling:Tshs800=US£1 (2000)                   system has been simplified and strengthened, public
                                                               Official Language: Kiswahili&English                             spending reorganised, inflation lowered and the exchange
                                                               MAIN EXPORT: Coffee, Cashewnuts, Tobacco, Cotton, Tea,           rate stabilised. Individuals can move the capital freely in and
                                                               Manufactured Goods and Minerals                                  out of the country.All aspect of the economy have been
                                                               CAPITAL CITY: Dodoma                                             liberalised. Restriction on trade, foreign exchange rates,
                                                               COMMERCIAL CITY: Dar-Es salaam                                   private investments, private banking and interest rates now
                                                               GDP PER CAPITAL:USD 276.6
                                                                                                                                belong to the past. The reform programme is resolutely
                                                               GROWTH RATE: 4.0% ( 1998)
                                                                                                                                market oriented and private sector investor friendly.The
                                                               LITERACY RATE:85%
                                                                                                                                Government has in place a new investment policy TIA 1997
                                                                                                                                which was formulated to replace old National Investment
                                                               THE LAND                                                         Promotion and Protection Policy with the aim of creating
                                                               The United Republic of Tanzania which includes the Island        better and conducive Investment climate. Tanzania has also
                                                               of Zanzibar and Pemba lies on the East coast of Africa. It       embarked on other measures to improve investment climate
                                                               has a common border with eight countries: Kenya and              and some of which are as follows.
                                                               Uganda to the north; Rwanda Burundi and Congo to the
                                                               west; Zambia,Malawi and Mozambique to the south.                 !    Anacted latest mining Act 1998 and Land Act 1999 ,
                                                               Tanzania boasts the highest mountain in Africa, Mount                 PetroleumAct 1980.
                                                               KILIMANJARO (5895m above sea level), a highland                  !    Adopted integrated road rehabilitation program with the
                                                               plateau, several inland water ports on three Great lakes and a        World Bank
      TANZANIA :YOUR INVESTMENT                                coastline of 800 kilometres bordering the Indian Ocean.
  DESTINATION IN SUB- SAHARAN AFRICA                                                                                            !    Initiated Privatisation programme with the
                                                               GOVERNEMENT                                                           establishment of the Presidential Parastatal Reform
« Policies are in place for Tanzania to become a major         Mainland Tanzania gained independence in December 1961                Commission PSRC ( 1993 ).
investment destination in the whole of sub-Saharan Africa.     While Zanzibar gained Independence in January 1964
All economic sectors are open to foreign direct investors      through a revolution. The two countries united to form the       WHY SHOULD YOU INVEST IN TANZANIA:
including banking and Insurance. The economy is picking        United Republic of Tanzania in April, 1964.Tanzania
up as Tanzania follows the reform programme started in         adopted a multi–party political system in July 1992 the
1986 with the support of the World Bank and IMF.                                                                                ♦    Tanzania is a sizeable country in Africa and enjoys
                                                               country maintains an excellent record of politically stability
Special efforts have been directed at the tourism, mining,                                                                           excellent geographical location with a diverse
                                                               and has held successful general elections in both 1995 and
construction and energy sectors. These are now at centre                                                                             investment opportunities.
                                                               2000.
stage , along with on going efforts to transform agriculture                                                                    ♦    Is a gateway to East and Central Africa. Six Land
                                                               Tanzania is a member of the United Nation, UNIDO, the
from subsistence farming to a modern commercial                                                                                      locked countries have access to Tanzania Ports.
                                                               World Bank, the IMF, the Commonwealth, the non-aligned
industry”.                                                                                                                      ♦    A sizeable domestic and Sub regional market with a
                                                               Movement, SADC, PTA, and the ADB.
Quoted from The President of UNITED REPUBLIC OF                                                                                      wide local raw material supply.
                                                               It is also a signatory to the Lome Convection.;
TANZANIA, BENJAMIN WILLIAM. MKAPA.
♦   Enjoys abundance of natural wealth which offers:            "   Favarouble investment allowances and
        i) Tremendous Investment opportunities in                   deductions(100%) on Industrial Buildings, Plant &           PROJECT OPPORTUNITIES :
             agriculture, mineral and energy resources              Machinery and on Agriculture expenditure.                    i)    Portfolio of 25 project opportunities in various
         ii) A land of spectacular natural beauty with          "   Deferment of VAT payment on project capital assets.                sectors
             mount Kilimanjaro rising to the North and          "   Import duty drawback on raw materials                        ii)   Studies in Textile and Leather Industry
              the National Parks and Game Reserves              "   Zero ratedVAT on manufactured exports                        iii)  Fruits and vegetables sector opportunities
              covering one-seventh of the country.              "   Straight line accelerated depreciation allowance on          iv)   Food Industries studies and program available
There are the home of the largest wild animals population           capital goods.
in the world                                                    "   Yearly appreciation of           unrecovered   capital             ORGANISATIONS TO ASSIST YOU
♦ It has in-inexpensive and un-exploited labour                     investment in mining.
♦ It offers the package of incentives to investors              "     five year carry- over of all business losses against
                                                                                                                                In TANZANIA
                                                                    future profits
♦ Allows unconditional transfer of capital and profits                                                                                                    The executive Director,
                                                                "   A reasonable corporate tax rate (30%) and low
♦ It enjoys political stability with a suitable market policy       withholding tax rates on dividends (10%)and on loan                                   Tanzania Investment Centre
     .                                                              interest (0%)                                                                         Plot no; 9A&B,
INVESTMENT OPPORTUNITIES                                        "   The right to transfer outside the country(100%) of                                    Shabaan Robert Street,
Tanzania under the new anacted investment code TIA 1997             foreign exchange earned, profits and capital                                          P.O Box No 938,
has been able to identify and categorize investment             "   Automatic permit of employing 5 foreign nationals on                                  Dar-Es-Salaam,
opportunities into Lead and Priority sectors :                      the project holding certificate of incentives.                                        TANZANIA
• LEAD SECTORS : Mining, Infrastructure,(e.g .                  "   Reduced import tariffs on project capital items.5%                                    Tél: 255 22 2113365/
    Road Construction, Bridges, Air ports, Generation of            import duty for investment in Priority areas and                     116328-32        Fax: 255 22 2118253
    Electricity, Telecommunications, Water Services, Back-          zero% for investment in Lead sectors
    up services to Mining and the Like) and Export                                                                                                        Email:tic@cats-net.com
    Processing Zone.                                            TANZANIA INVESTMENT CENTRE
• PRIORITY SECTORS : Agriculture including                      Tanzania Investment Centre(TIC) is a one stop agency of
    livestock, Air Aviation, Commercial Buildings,              the government of Tanzania established under the Tanzania
    Commercial Development and Micro finance Banks,             Investment Act NO26 of 1997 to promote, co-ordinates and
                                                                                                                                In FRANCE
    Export processing , Geographical special development        facilitate investment into Tanzania. The centre is a focal
    areas, Human resources development, Manufacturing,          point for all investors and performs all liaison work for the
    Natural resources,including fishing, Rehabilitation and     investor from enquires right up to project start up. The
    Expansion, Radio and Television broadcasting,               centre deals with all enterprises whose minimum capital
    Tourisim and tour Operation.                                investment is not less than US§ 300000 (Fr 2,700,000)
                                                                foreign owned and US§ 100000 ( Fr700,000) if local owned
INVESTMENT BENEFITS AND INCENTIVES                              .Enterprises engaged in Mining , and Petroleum , shall
                                                                                                                                                          Nakuala SENZIA,
Tanzania offers a well balanced package of incentives           follow the approval process contained in their respective
                                                                laws.But the centre shall assist all investors to obtain
                                                                                                                                                          Tanzania delegate in France
which have been spelt out under TIA 1997to investors who
have chosen Tanzania as their investment destination.           permits, authorisation etc. required by other laws to set up                              9 ,rue ND des Victoires
" Investment Guarantees and           Settlement of             and operate investment in Tanzania.                                                       75002, Paris FRANCE
  disputes: Investment in Tanzania are guaranteed                                                                                                         Tél: 01 44 55 05 17
  against nationalisation and expropriation.Tanzania                                                                                                      Fax: 01 49 26 97 26
  is a member of both the International centre for                                                                                                        Email: onudifr.senzia@free.fr
  Settlement of Investment Disputes( ICSD)and
  Multilateral    Investment Guarantee       Agency
  (MIGA ).

				
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