Browsing: Tanzania’s SME sector

Workers preparing agricultural produce in a value addition process by an SME. Tanzania can provide tax exemptions which could lead to a decrease in production costs. www.theexchange.africa

SME development in Tanzania – Why this is the engine of economic growth

Industry and Trade

The small and medium-sized enterprises (SMEs) sector is one important contributor to Tanzania’s long-term development agenda. 

 

This East African nation has been on a journey towards becoming a middle-income country with the economy growing by an average of 6.5 per cent per year in the last decade, going by estimates from the World Bank and other institutions.  

There are an estimated three million enterprises in Tanzania’s SME sector which contribute 27 per cent of the overall GDP according to the Tanzania Development Vision (TDV) 2025.…