This review of investment policy in Tanzania evaluates the current policy situation
and makes recommendations for enabling Tanzania to attract higher investment to exploit
its full potential and become a regional trade and investment hub. The review finds
that while private investment in Tanzania has considerably risen since the early 1990s,
further progress can be made to improve the business climate and attract more investment
in key sectors, such as infrastructure and agriculture.
Informed by the subsequent chapters of this report, this overview provides policy
options to address these challenges. In particular, investors’ rights and obligations
could be rationalised and made more accessible and regulations on foreign investment
and investment incentives reviewed. The land legislation could be revised and land
rights registration accelerated, notably by providing stronger incentives for registration.
The short-term and long-term costs and benefits of the regulatory restrictions imposed
by crop boards and of export bans could be closely analysed.
Tanzanian Prime Minister, Mizengo Pinda encouraged his goverment to forge ahead with targeted investment policy reforms to help the country attract more sustainable and inclusive investment. Mr. Rintaro Tamaki, OECD Deputy Secretary-General, urged the country to make full use of OECD investment policy tools in this context. After a presentation of the report's key findings, an audience of governmental representatives, private sector organisations, and the donor community discussed the best options for concrete policy follow-up.
Left to right: Tanzanian Prime Minister, Mizengo Pinda and Rintaro Tamaki, OECD Deputy Secretary-General.