Tanzania Investment Centre (TIC)
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You are warmly welcome to invest in Tanzania, one of the fastest-growing economies in Africa. Tanzania offers a friendly business environment, has abundant natural resources, and endless opportunities for investors.
The country’s sustained economic growth of 7% during the past decade, has been rewarded by climbing a ladder of development from a low-income to middle-income-country effectively July 1st, 2020 (World Bank, 2020). This achievement was witnessed five years before the time anticipated in the country’s Vision 2025 Strategy.
Consequently, notable achievements have been realized in various sectors including infrastructure, social services, minerals, and management of natural resources, land, and environment as well as good governance.
To sustain the economic growth success, the Government under the firm leadership of Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania is implementing an industrial driven economy, which emphasizes on the attraction of investments in identified key priority sectors.
The manufacturing sector has been given the highest priority in attracting investors in Tanzania, particularly the establishment of industries which utilize domestic available raw materials such as processing of various agricultural products (sugarcane, cashew nuts, cotton, processing of edible oil from sunflower, sesame, cotton seeds, groundnuts, oil palm, etc), fruits and vegetable farming for the export market, fishing and fish processing, livestock value chain, mining and mineral processing, woodworks, manufacturing of pharmaceutical products and medical devices.
Due to the maintenance of consistent conducive economic governance reforms, Tanzania has attained an attractive global ranking in different aspects. According to the RMB report on “Where to Invest in Africa 2019” Tanzania is ranked 7th, out of 54 countries. Most importantly, Tanzania boasts as a country of peace and tranquility as confirmed by the 2019 Global Peace Index which measures the level of peace and stability. The report placed Tanzania at the 54th position worldwide and ranked the first among East African Countries.
This website is expected to provide the necessary guidance and information required by investors and other stakeholders. Tanzania Investment Centre (TIC) as the primary agency of the Government-mandated on One Stop Centre for Investment-related matters in Tanzania, is looking forward to facilitating you to invest and grow with one of the fastest-growing economies in Africa.MISSION AND VISION
HOME ABOUT TICMISSION AND VISION
Vision
To become a world class investment promotion and facilitation agency in attracting quality investments for sustainable economic development.
Mission
To coordinate, promote and facilitate investments in Tanzania and advise the Government on policy matters in order to create a competitive, attractive and sustainable investment climate.CORE VALUES
HOME ABOUT TICCORE VALUES
Team Spirit
We embrace unified goals and work together with loyalty and enthusiasm to achieve the corporate goals
Professionalism
We adhere to courtesy and quality when offering our services to the stakeholders
We use our energy, skills and resources to deliver the best and sustainable services to the stakeholders
Integrity
We maintain fairness, credibility, ethical standards, trust, and transparency in all we do.
Innovation
We believe in creative ideas, technologies, and practices to enhance the quality, effectiveness and efficiency of investment promotion and facilitation.
Customer care
We value our investors and other stakeholders by providing timely and efficient services all the time
Collaboration
We commit to partnering and engaging stakeholdersHISTORY
HOME ABOUT TICHISTORY
The United Republic of Tanzania was established in 1964 when the sovereign states of Zanzibar and Tanganyika united. Tanzania is 947,300 km2, which includes 54,337 km2 of inland water. The island of Pemba is roughly 984 km2 and the island of Zanzibar is 1,657 km2. One of the five countries in East Africa, Tanzania is located south of the equator.
Mainland Tanzania is situated between the area of Tanganyika, the Great Lakes of Victoria, Nyasa and the Indian Ocean. It boasts roughly 1,400 kilometres of coastline and is bordered by eight countries: Uganda, Burundi, Kenya, Rwanda, Zambia, Malawi, the Democratic Republic of the Congo and Mozambique. Due to six of these countries being landlocked, Tanzania provides natural access to the region. Between the years 2006 to 2014, Tanzania’s GDP grew at an average rate of 6.9%.
This growth record has been outstanding. It has ranked among the top 10 fastest-growing world economies and has been above the Sub-Saharan average of 5.2%The overall picture points to a prosperous future where the per capita income is growing at an average rate of 7%, thus raising the level of consumptive expenditure. The deficit balance of trade informs prospective investors that there is a huge potential to exploit and utilize available duty-free market opportunities in the European Union (EU), the United States of America and South Africa, to mention a few. For a period of 10 years, export value has grown by about 90% while imports recorded a growth of 70%. The headline inflation rate remained a single digit in 2014 and the first quarter of 2015. The inflation rate averaged 6.1% in 2014 compared to 7.9% in 2013.
The country’s sustained economic growth of 7% during the past decade, has been rewarded by climbing a ladder of development from a low-income to middle-income-country effectively July 1st, 2020 (World Bank, 2020). This achievement was witnessed five years before the time anticipated in the country’s Vision 2025 Strategy.
Consequently, notable achievements have been realized in various sectors including infrastructure, social services, minerals, and management of natural resources, land, and environment as well as good governance.
To sustain the economic growth success, the Government under the firm leadership of Her Excellency Samia Suluhu Hassan, President of the United Republic of Tanzania is implementing an industrial driven economy, which emphasizes on the attraction of investments in identified key priority sectors.
The manufacturing sector has been given the highest priority in attracting investors in Tanzania, particularly the establishment of industries which utilize domestic available raw materials such as processing of various agricultural products (sugarcane, cashew nuts, cotton, processing of edible oil from sunflower, sesame, cotton seeds, groundnuts, oil palm, etc), fruits and vegetable farming for the export market, fishing and fish processing, livestock value chain, mining and mineral processing, woodworks, manufacturing of pharmaceutical products and medical devices.
Due to the maintenance of consistent conducive economic governance reforms, Tanzania has attained an attractive global ranking in different aspects. According to the RMB report on “Where to Invest in Africa 2019” Tanzania is ranked 7th, out of 54 countries. Most importantly, Tanzania boasts as a country of peace and tranquility as confirmed by the 2019 Global Peace Index which measures the level of peace and stability. The report placed Tanzania at the 54th position worldwide and ranked the first among East African Countries.
This website is expected to provide the necessary guidance and information required by investors and other stakeholders. Tanzania Investment Centre (TIC) as the primary agency of the Government-mandated on One Stop Centre for Investment-related matters in Tanzania, is looking forward to facilitating you to invest and grow with one of the fastest-growing economies in Africa.MISSION AND VISION
HOME ABOUT TICMISSION AND VISION
Vision
To become a world class investment promotion and facilitation agency in attracting quality investments for sustainable economic development.
Mission
To coordinate, promote and facilitate investments in Tanzania and advise the Government on policy matters in order to create a competitive, attractive and sustainable investment climate.CORE VALUES
HOME ABOUT TICCORE VALUES
Team Spirit
We embrace unified goals and work together with loyalty and enthusiasm to achieve the corporate goals
Professionalism
We adhere to courtesy and quality when offering our services to the stakeholders
We use our energy, skills and resources to deliver the best and sustainable services to the stakeholders
Integrity
We maintain fairness, credibility, ethical standards, trust, and transparency in all we do.
Innovation
We believe in creative ideas, technologies, and practices to enhance the quality, effectiveness and efficiency of investment promotion and facilitation.
Customer care
We value our investors and other stakeholders by providing timely and efficient services all the time
Collaboration
We commit to partnering and engaging stakeholdersHISTORY
HOME ABOUT TICHISTORY
The United Republic of Tanzania was established in 1964 when the sovereign states of Zanzibar and Tanganyika united. Tanzania is 947,300 km2, which includes 54,337 km2 of inland water. The island of Pemba is roughly 984 km2 and the island of Zanzibar is 1,657 km2. One of the five countries in East Africa, Tanzania is located south of the equator.
Mainland Tanzania is situated between the area of Tanganyika, the Great Lakes of Victoria, Nyasa and the Indian Ocean. It boasts roughly 1,400 kilometres of coastline and is bordered by eight countries: Uganda, Burundi, Kenya, Rwanda, Zambia, Malawi, the Democratic Republic of the Congo and Mozambique. Due to six of these countries being landlocked, Tanzania provides natural access to the region. Between the years 2006 to 2014, Tanzania’s GDP grew at an average rate of 6.9%.
This growth record has been outstanding. It has ranked among the top 10 fastest-growing world economies and has been above the Sub-Saharan average of 5.2%The overall picture points to a prosperous future where the per capita income is growing at an average rate of 7%, thus raising the level of consumptive expenditure. The deficit balance of trade informs prospective investors that there is a huge potential to exploit and utilize available duty-free market opportunities in the European Union (EU), the United States of America and South Africa, to mention a few. For a period of 10 years, export value has grown by about 90% while imports recorded a growth of 70%. The headline inflation rate remained a single digit in 2014 and the first quarter of 2015. The inflation rate averaged 6.1% in 2014 compared to 7.9% in 2013.
Company Information
Contact Name:
Contact Email:
info@tic.go.tz
Contact Phone:
+255 (0) 21 116329
Contact Fax:
317-317-3137
Since :
21-06-1964
Company Size:
Address1:
The United Republic of Tanzania Tanzania Investment Centre Head Office Tanzania Investment Centre
Address2: