Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
UNITED REPUBLIC OF TANZANIA OVERVIEW OF BUSINESS ENVRONMENT AND DOING BUSINESS IN TANZANIA, 2014 Presentation by: Mr. Juvenal Lema : Prime Ministers’ Office 7/7/2017 1 Outline 1. Macroeconomic Outlook 2. Investment through PPP Arangements 3. Business Environment in Tanzania 4. Regulatory Reforms and Government Roadmap Initiatives in Tanzania 5. Way Forward 7/7/2017 2 Macroeconomic Outlook Tanzania has been able to achieve more in terms of the macroeconomic stability over the past decade. It has, by regional comparisons, sustained high economic growth rate at an annual average of over 6%. However, the sustained level of growth still fall short of the National Vision 2025 and MKUKUTA targets. To a large extent the situation has been contributed by among other things; poor infrastructure, global economic crisis, draught, pace of growth of technological changes and climatic changes . 7/7/2017 3 Investment through PPP PPP Policy 2009 PPP Act 2010 PPP Regulations 2011 Two PPP Units Coordination Unit - TIC PPP Finance Unit - Ministry of Finance PPP Pipeline Projects in place ( Ports,Railway, Agriculture e.t.c 7/7/2017 4 Business Environment Despite various regulatory reforms and reviews undertaken by the government that aimed at improving the Business Environment, Tanzania has not faired well in Global Business Environment reports from 2007 - 2011; including The Investment Climate Assessment, Doing Business Report and Global Competitiveness Report. 7/7/2017 5 Tanzania’s Rank in Doing Business Report from 2007 - 2011 FACTOR DESCRIPTION TANZANIA 2007 2008 2009 2010 2011 Ease of Doing Business 142 124 126 125 128 Starting Business 127 95 109 120 122 Dealing with Construction 172 Permits 170 172 178 179 Employing Workers 143 151 140 131 - Registering Property 157 160 142 145 151 Getting Credit 117 115 84 87 89 Protecting Investors 99 83 88 93 93 Paying Taxes 113 104 109 119 120 Trading Across Boarders 67 100 103 108 109 Enforcing Contracts 65 35 33 31 32 Closing Business 105 109 111 113 113 7/7/2017 6 Business Environment In September, 2009, His Excellence President Jakaya Mrisho Kikwete directed the formation of the National Taskforce with the aim of making a thorough analysis and come up with appropriate recommendations including possible reforms and amendments. This was prompted by the World Bank Published Doing Business Report 2010 which showed that Tanzania’s ranking ( Ease of doing business) has been deteriorating over the past two years ( 124 ( DB 2008) , 127 ( DB 2009) , and 131 ( DB 2010) 7/7/2017 7 Business Environment Based on the recommendations/interventions received from relevant sector ministries, the National Task force team prepared a comprehensive Government Road Map for the Business Environment and Investment climate in Tanzania as a guide document to curb the prevailed situation . 7/7/2017 8 Ongoing Interventions to Improve Business, Investment and Competitiveness Climate Electricity: Power Master Plan Finance: Second Generation Financial Sector Reform Programme Taxation: Tax Administration Reform Programme Macro economy stability: NSPRP (MKUKUTA) Business Environment and Investment Climate: BEST, LSRP, PSRP, Local Government Reform Programme 7/7/2017 9 Ongoing Interventions (Cont…) Transport: National Transport Investment Programme Education and worker’s skills: MMES, MMEM, Tertiary Education Programmes Access to Land: Land Reform Programme Corruption: National Anti Corruption Strategy & Action Plan (NACSAP) Big Result Now ( BRN)- borrowed Malaysian Model 7/7/2017 10 Achievements of business enviroment in Tanzania • Digitization and consolidation of files at BRELA’s registration office; • Simplification of payment and filing of tax through General Electronic Filing Regulations; • Simplification of mobile phone payment of VAT, Property and Individual Tax through M-PESA, Tigo Pesa, Max Malipo, etc… 7/7/2017 11 Achievements of business environment in Tanzania • The ongoing installation of Integrated Land Management Information System (ILMIS) for easy retrieval of land records; • The establishment a “One Stop Centre” service delivery concept at the Port of Dar Es Salaam which at the moment has led to a subsequent decrease of time taken for clearance of cargo to 9 days; • A 24 hrs operations at the Port of Dar Es Salam enhanced. 7/7/2017 12 Achievements of business environment in Tanzania • Elimination of permanent blocks along Dar Es Salaam – Rusumo Highway from 50 blocks to 15 blocks. • Credit Reference Databank (CRD) was launched by the Bank of Tanzania Management. While the establishment of Credit Reference Bureau (CRB) has been given to the Private Sector - M/s Dun & Bradstreet Credit Bureau Tanzania Limited and has been licensed in to operate as a Private Credit reference bureau in Tanzania. 7/7/2017 13 Achievements of business environment in Tanzania Credit Reference Databank (CRD) was launched by the Bank of Tanzania Management. While the establishment of Credit Reference Bureau (CRB) has been given to the Private Sector - M/s Dun & Bradstreet Credit Bureau Tanzania Limited and has been licensed in to operate as a Private Credit reference bureau in Tanzania. 7/7/2017 14 Doing Business Report in 2014 7/7/2017 15 Way forward We expect to meet you at the Networking lunch and discuss with the representatives from the sector ministries / departments/ agencies on the available projects in Tanzania. THANK YOU FOR YOUR ATTENTION AND WE WARMLY WELCOME YOU TO TANZANIA. 7/7/2017 16