Oecd Organisation for Economic Co-operation and Development

Oecd Investment Policy Reviews: Tanzania 2013 Oecd Organisation for Economic Co-operation and Development

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.