Tanzania is in the final stages of drafting a private sector development policy and strategy which seeks to create a conducive business environment among businesses.
Tanzania Private sector Foundation (TPSF) Executive Director Godfrey Simbeye said the private sector commented that a strong policy statement would be key to addressing the several challenges that dot the private sector.
“We believe the policy will address issues that range from poor infrastructure, multiple taxes, lack of business capital and political instability. The policy will guide the private sector on how to operate,” said Mr Simbeye
‘Currently, the government meets us when it so wishes to. The aim is to make this compulsory so that we meet with the government according to stipulated policy,” he said
TPSF also wants the government to make it compulsory for all businesses to be members of the umbrella association.
This among other things will help to track businesses and help them to formalise. For his part Mugisha Kamugisha said that if Tanzania is aiming to be a middle income country with a per capital income of $3,000-come 2025, the economy must be able to grow by about 15 per cent.
An agricultural stakeholder who introduced himself by only one name Mr Karege said that the agriculture sector is failing to grow because of policy uncertainty which makes investment in agriculture unpredictable. He said that stabilizing policies and making them more predictable is key to encouraging investment in the agriculture sector.
“The government also needs to guarantee investors by ensuring that investors have access to market, once this is guaranteed investment in the agriculture sector will flourish, “said Mr Kirega