Business opportunities in Tanzania

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Market Entry Strategies: How Foreign Businesses Can Invest in Tanzanian Market (part 1)

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When a foreign company decides to enter the Tanzanian market, it has many opportunities. These opportunities vary in terms of cost, risk, and the degree of control that can be taken over them. In severe economic downturns, many foreign enterprises try to reduce expansion costs. Nonetheless, there is often a huge promise of opportunities for …

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The basic framework of Tanzania's international taxation

The basic framework of Tanzania’s international taxation

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If you conduct cross-border transactions, work overseas, or generate money from a foreign source, you most likely have at least a basic understanding of the international tax system.   Even if you’re interested in learning more about the tax implications of managing profit repatriation or the potential impact of the base erosion and profit shifting …

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AMENDMENTS TO TANZANIA GAMING ACT, CAP 41

AMENDMENTS TO TANZANIA GAMING ACT, CAP 41

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  The Finance Act of 2021 has been enacted and has made several amendments to the Gaming Act, Cap 41. These amendments include: The reduction of Gaming tax on winnings from 20% to 15% This amendment will certainly be well perceived by Gaming operators within the country. This is because, the tax on winnings in …

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Problems investors face when investing in Africa

Problems investors face when investing in Africa

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Is investing in Africa a good choice? What are the problems investors face when investing in Africa? The Africa continent has been known over the years for its natural resources. There’s copper in the Democratic Republic of Congo, crude oil in Nigeria, diamonds in South Africa, cocoa, and even gold in Ghana. These natural resources …

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Investing in renewable energy in Africa

Investing in renewable energy in Africa

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Africa is a large continent not just by geographical demography, but also by population. This is because most African countries are communalistic in nature, hence the need to have a large society or community of people.  The bigger these societies, the bigger the number of people, and the bigger the consumption rate. It is this …

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WHY TANZANIA IS ONE OF THE BEST DESTINATIONS FOR INVESTMENT IN AFRICA.

WHY TANZANIA IS ONE OF THE BEST DESTINATIONS FOR INVESTMENT IN AFRICA.

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INTRODUCTION The paradox of Africa is nothing new to world observers. A continent blessed with immense natural resources backed up with adequate human capital still struggles with underdevelopment and poverty due to its inability to utilize its optimum potential. However, the future of the African economy indicates hope due to the increasing acceptance of technology …

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Top 5 African countries to invest in 2021

Top 5 African countries to invest in 2021

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Africa as a continent has a huge potential for future growth. Which makes it a favourable place for investment I.e If you plan on extending your business to this part of the continent.  The research gathered by the UN Conference on Trade and Development between the year 2006 and 2017 reveals that Africa has realised …

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THE MINING INDUSTRY IN TANZANIA

THE MINING INDUSTRY IN TANZANIA

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  Tanzania like most other African countries is endowed with naturally occurring minerals. The Tanzanian mining sector is one of the biggest industries in the country and it makes a contribution of about 3% to the annual country’s GDP. However, the Tanzanian government plans to increase this contribution to at least 10% by 2025.  As …

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Problems Militating Against Foreign Investments in Africa.

Problems Militating Against Foreign Investments in Africa.

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    Africa is undoubtedly a blessed country in terms of demography, the abundance of natural resources, population (labour force) and also climate. Apart from its already exploited oil deposits, its untapped natural resources such as gold, platinum, copper and diamond present an impressive and outstanding investment opportunity. Some opportunities also abound in its resources …

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