Now or never: World Bank’s timely warning to Tanzania

Executive Editor

Mwananchi Communications Limited

Tanzania’s Development Vision 2050 expects the private sector to supply 70 percent of the required investment, according to the National Planning Commission. Diop called that sensible, but said it would require removing obstacles facing domestic and foreign investors. Businesses have repeatedly raised taxation, permits, licensing and regulatory uncertainty as constraints. Diop added that established firms benefiting from limited competition and sections of the bureaucracy comfortable with the status quo can resist reform. “If you want a tidal wave of investment, then you have to remove those barriers,” he said. For major projects, financing is only part of the equation. Governments can combine development finance, private capital and guarantees to lower risk and borrowing costs. However, investors committing money for years need confidence that rules will remain stable.

Now or never: World Bank’s timely warning to Tanzania

Register to begin your journey to our premium content Subscribe for full access to premium content

Latest

Students’ loans board extends application deadline by four days due to network glitches

TFS turns to technology to strengthen management of 465 forest reserves

PM Nchemba orders contractors to speed up Simiyu power projects

Heche's defense testimony puts 2015 electoral integrity under the spotlight

Students in Tanzania develop technology to predict flood risks ahead of El Niño

Government drops controversial clauses in new Zanzibar Fisheries Law

In the headlines

Manufacturers seek lower ETS rates as tender comes to an end

How colonial-era law delays road compensation for crash victims

Tanzania universities Face AI test as future of jobs, learning takes centre stage

Businesses in Tanzania urged to build with Gen Z, not just market to them