BARRIERS TO DOING BUSINESS
A tourism investor 745 hours in a year(4 months) following up on government procedures.He/she uses 2.9mTsh-.Anyone can start tourism business but the government even put the operating license at $2000.
This was one of the highlights on an a ITV ‘Nguvu ya hoja' programme which took place recently,where a PCCB Official who took part in the debate,said that longer procedures in doing business are an incentive to corruption, a vice noted in a recent Business Leaders Perception report as being one of the top four barriers to business in Tanzania.
An entrepreneur who was not immediately identified also said that financial institutions tended not to give credit to start ups,thus also being a barrier to thriving business. He also noted, in registration of products, one has to go to Brela, open a company, register each product at 50,000 Tshs, then go to TBS, then TFDA,…which is a long process.
Mr Akida Mwegelwa of CTI, said that business barriers would make Tanzanian commodities not compete on external markets.
"In such a case, we will have to scale down production," he said
A tourism investor 745 hours in a year(4 months) following up on government procedures.He/she uses 2.9mTsh-.Anyone can start tourism business but the government even put the operating license at $2000.
This was one of the highlights on an a ITV ‘Nguvu ya hoja' programme which took place recently,where a PCCB Official who took part in the debate,said that longer procedures in doing business are an incentive to corruption, a vice noted in a recent Business Leaders Perception report as being one of the top four barriers to business in Tanzania.
An entrepreneur who was not immediately identified also said that financial institutions tended not to give credit to start ups,thus also being a barrier to thriving business. He also noted, in registration of products, one has to go to Brela, open a company, register each product at 50,000 Tshs, then go to TBS, then TFDA,…which is a long process.
Mr Akida Mwegelwa of CTI, said that business barriers would make Tanzanian commodities not compete on external markets.
"In such a case, we will have to scale down production," he said