DODOMA: THE Business Registration and Licencing Agency (BRELA) is set to review the Company Act, 2002 to repeal some sections so as to create a conducive environment for investment.
This was said in the National Assembly yesterday by Chairman of the Parliamentary Committee on Industries, Trade, Agriculture, Livestock and Fisheries, Deo Mwanyika, when reading the agency’s performance report.
He further said that they were satisfied with the performance of the agency and added that it is important for MPs to have the understanding of the institution since the government has made major reforms at Brela.
“This good business environment is for domestic and foreign investors; this institution is the lifeblood of business because the first window that the investor opens is Brela,” he said.
Mr Mwanyika said that the plan will make Tanzania a country with a good investment environment and advised Brela to sensitise traders on business registration through business officers based in each council.
Deputy Minister for Industry and Trade, Exaud Kigahe said the government will continue to create an enabling environment for businesses and investment in the country.
“We have told the committee that we are going to review the law by removing sections that hinder investment so that businesses grow,” he said.
Godfrey Nyaisa, chief executive officer of Brela said this during the meeting that the review of the law was part of reforms meant to improve the environment for doing business.
“We have told the committee that we are going to review the law by removing sections that hinder investment so that businesses grow,” he said.
He said in 2018, Brela launched systems that allow people to register their businesses online.
