Govt launches business law reforms to drive investment, tech innovation
The Tanzanian government is initiating comprehensive reforms to business laws to reduce bureaucracy and encourage investment through technological integration. The Business Registrations and Licensing Agency (BRELA) is upgrading its online systems to streamline registration and licensing processes.
Why it matters
Regulatory reform and digitalization are key drivers for emerging economies looking to improve their 'ease of doing business' rankings and attract foreign capital.
You are using an outdated browser. Please upgrade your browser to improve your experience.
The government has called for comprehensive reforms to business laws and regulations to keep pace with rapid technological advancements, evolving investment trends, and shifting market demands. The initiative is part of an ongoing strategy to enhance Tanzania’s business environment and attract greater foreign and domestic investment.
Denis Londo, Deputy Minister for Industry and Trade made the call yesterday while closing the Business Registrations and Licensing Agency (BRELA) Business Council meeting in Morogoro, saying regulatory frameworks must evolve alongside changes in global markets.
Londo said reviews of laws and regulations should involve relevant stakeholders to reduce bureaucracy, remove barriers to business growth and improve service delivery while maintaining regulatory compliance.
“I direct that these reviews be conducted with full stakeholder participation, aiming to reduce bureaucracy, eliminate conditions that hinder business growth, and strengthen regulatory compliance,” he said.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in