DAR ES SALAAM: PRIME Minister Kassim Majaliwa yesterday outlined the benefits of the envisaged second phase of the Blueprint for Regulatory Reforms to Improve the Business Environment saying the initiative will boost national productivity and propel the nation towards achieving its middle-income economy goals.
Following the implementation of the first phase of the blueprint for regulatory reforms, the Tanzania In- vestment Centre (TIC) has registered 901 projects, which are expected to attract capital worth 9.313 US dollar billion (about 24.807tri/-) and gener- ate 212,293 jobs.
Speaking at the launch of prepa- rations for drafting the second phase of the business blueprint, the Premier explained that the reforms will attract both local and international investors, introduce advanced technologies and bring in new expertise.
“This initiative will stimulate new investments, create thousands of jobs for Tanzanians and ad- dress unemployment challenges. A single project under this programme can provide employment to more than 1,000 people,” said Mr Majaliwa.
He added that the initiative will significantly improve infrastructure, including roads and energy services, which are crucial for economic growth. Moreover, the reforms, according to Mr Majaliwa are expected to open doors for local products to access international markets, transforming Tanzania into an attractive hub for business and investment.
“This will not only create more opportunities for farmers by ensuring a ready market for their produce but will also promote value addition industries, strengthening competition and enhance the quality of locally produced goods,” he said.
On the importance of blueprint for investors, the Premier explained that the initiative will provide a roadmap, which shows the government’s efforts to improving environment of doing business in the country.
He said that this will foster greater collaboration among various stakeholders.
“The first phase of the blueprint, launched in September 2024, highlights both the achievements and challenges encountered in improving the business environment. Key reforms, such as amending laws, reducing regulatory fees and consolidating overlapping institutions, are essential steps toward achieving even greater progress in the future,” he said.
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The Premier acknowledged that most of the challenges emerge from rapid advancements in science and technology and that the government is committed to formalizing the informal sector in line with Tanzania’s Vision 2050.
“The second phase of the blueprint will address challenges that were not resolved in the initial phase. Members of the task force must thoroughly understand their assigned responsibilities to assist the government in achieving its goals. Their work should benefit both the public and private sectors,” he said.
He assured that the government remains fully committed to supporting the successful implementation of the reforms, which are aimed at attracting investment, improving the ease of doing business and fostering new business ventures that will generate employment opportunities nationwide.
“The initiative will improve key infrastructure such as roads, ports and energy services, thereby facilitating investment and trade. Also, the reforms will increase capital flow and attract multinational corporations, making the country a prime destination for global investment and commerce.”
The Minister of State in the President’s Office for Planning and Investment, Professor Kitila Mkumbo, said the the second phase will help to improve the business and investment climate, which are crucial instruments for economic growth.
He stressed that Vision 2050 prioritizes improving the business climate as a key driver of economic growth, highlighting that increased investment is essential for fostering business expansion.
Prof Mkumbo said among the major regulatory changes introduced under the first phase are reducing the processing time for business permits from 40 days to 14 days, lowering taxes and regulatory fees to encourage business growth.
