Sky Works Consultancy

About Us

SkyWorks Consultancy Ltd. is a limited liability company incorporated in Dar Es Salaam, United Republic of Tanzania on 13th of January 2016, with the certificate of incorporation No: 122909.

SkyWorks has been establish to provide consultancy services for foreign investors coming to Tanzania; coorporate’s and individual investors/entrepreneurs would like to invest or to do business in any sector in the country.

The main target of SkyWorks is to share its overall experiences in Tanzania with its esteemed clients. SkyWorks’s service range is spreaded from company incorporation’s into providing consultancy services in: trading markets, government and private sectors, import&export processes, customs regulations, taxation matters, labor laws, human resources matters, immigration laws, legal matters, corporate laws, banking, financial matters, accounting, auditing etc. for both corporate and individuals. While sharing its experiences in bureaucratic and private sector matters with its clients; SkyWorks is also orienting them to reliable and accredited companies and potential business partners in their areas of expertise in Tanzania upon request.

About the Main Consultant SkyWorks Consultancy Services Project Management

About the Main Consultant

Burak Buyuksarac was born in Ankara/Turkey on February 04th, 1983. After primary school, he received a French education from middle school onward in Ankara, which led him to his undergraduate “Plastic-Arts” studies at the University of Paul-Valéry Montpellier, France in 2002. After coming back to his home country in 2006, he was employed in various middle and high-management positions in a medium-large corporation in Antalya for a duration of seven years, and worked in numerous offices for this cooperation, in Turkey (Antalya, İstanbul, Sivas, Denizli), the Middle East (Iraq, U.A.E.), Northern Africa (Libya) and in Europe (France, Germany, Spain) mainly in: medical mobility products & luxury gift products manufacturing, interior decoration & architectural products manufacturing, large scale interior design-decoration-renovation projects, 5* Hotel constructions & renovations, synthetic sports fields production & installation, airport ground support equipment manufacturing but mostly in mining sector (prospecting, mining, processing and exporting for metallic minerals chromium and manganese). He moved to Tanzania in 2010 as the Managing Director of one of the largest Turkish investment group in Tanzania at the time, and served between late 2010 and 2015. During this period, he was managing several companies operating primarily in mining (copper, lead, gold), metallic mineral (lead) & precious gemstone (diamond) trading, also food packaging and cosmetics manufacturing industries located in Tanzania and as well as in Democratic Republic of Congo.

Having an extensive experience in a large range of business sectors globally, but especially in Africa, in late 2015 he decided to focus on the fast growing and largely competitive service industries in Tanzania; specifically in tourism, consultancy, restaurant, medical, education and security sectors. As a result he founded SkyPalm Travel & Tours Ltd. in 2015, co-founded Pasha Food & Beverage Ltd. in 2016, founded MLPCARE Tanzania and Sultan Academics brands in 2018, Maasai Watchers brand in 2019 and Maasai Watchers Ltd. in 2020, Fandom Cars brand in 2020, acquired Sparkling Boat brand & operation in 2020 and co-founded Roundtable Design & Works Ltd. in 2020 to follow his passion with the aim of increasing the potential of service industries in Tanzania, and to enhance the visibility the country deserves. Besides his ventures in the service industries he has also founded a company called SkyWorks Trading & Consultancy Ltd. in 2016. As is evident from its name, this company operates under two main divisions; trading and consultancy. While with SkyWorks Trading he mainly deals in importing & exporting of various goods and commodities from and to Tanzania; with Skyworks Consultancy he is sharing his experience in Africa, especially in Tanzania, with the potential investors and entrepreneurs interested in coming to Tanzania and to East Africa in general. Via SkyWorks Consultancy he represent several large companies from Turkey, China and USA in Tanzania and in Kenya. He is following the government tenders for them and/or trying to create suitable environments for their desire of investing in these countries.

SkyWorks Consultancy Services

As SkyWorks we provide consultancy services in Tanzania. We find markets for different sizes of businesses and organisations, linking them up with other businesses in the country. We also offer consultancy services for profit and non-profit organisations. We understand the business cultures, preferences, regulations and laws in Tanzania. Also, through our extensive knowledge in business and public relations we have created good business networks. In Tanzania we help people to start up in business by giving them strategic direction, including how to raise finance.

Project Management

The business world has long eyed Tanzania, but many companies have also been put off by its poor infrastructure and massive poverty. Now backed by vast natural resources and a surging youth population, the continent is on the verge of living up to its great economic potential. Yet project management success in Tanzania requires conquering a host of obstacles including political upheaval, limited local talent, and personal safety issues. This article examines how investors looking for projects with strong value propositions will find tremendous opportunities in Tanzania. It also overviews the issues with the infrastructure. It identifies why many infrastructure projects fail, including lack of proper risk assessment; poor stakeholder engagement; deteriorating infrastructure; and poor reporting and communication. It explains how managing the actual cash flow can be a logistical nightmare, and the importance of project managers being able to predict cash-flow needs several months in advance.

We can help you on your project management needs by ensuring the below;

Improving the Project Estimation Process

Many factors influence the final outcome of a project, with upfront planning and estimation two of the most crucial determinants to long term project success. Yet many businesses fail in Tanzania to carry out any form of estimation or place very little importance on the benefits it provides to the business, its individuals, its project managers, its executives and to the satisfaction of its customers. Project Estimation provides a consistent method of estimating your project resourcing levels and expenditure throughout the business.

Gaining a Better Understanding of Your True Resource Capability

Resource Capability Planning is one of the key success factors for any business which delivers projects or services. With Resource Capability Planning your business has the power to analyse the impact of delivering projects and services on resource capability in real time, enabling you to better manage customer expectations, improve overall business productivity, exceed customer service level agreements and reduce costs.

Optimizing Your Resource Usage

Resource Scheduling provides an essential component for establishing the feasibility of your project plans and for setting realistic customer expectations. By scheduling resources before projects commence, your project managers will be able to assess the flexibility they have over the use of specific resources, align tasks and work packages with resource availability, and where resources are unavailable and delays are not an option, project managers can consider alternative approaches, trade-offs or the re-prioritization of work.

Gaining Real Time Visibility in the Status of Deliverables

Effectively managing project deliverables is importat for any organisation, independent of size or focus, in fact, this is especially important for small or growing businesses with less mature project management processes where there is no formal process of defining business cases or the benefits associated with each project. Deliverables are different to project milestones in that they represent the quantifiable goods or services produced as the result of a project. Whether tangible or intangible, by managing your project deliverables executives will gain real time visibility into the status of each deliverable and a clear overview of how the business will profit or benefit from each project.

Improving Budgeting/Cost Control

For many businesses the prospect of generating a project budget is daunting, especially if little project management experience exists. However, the project budget is an essential tool for measuring the performance and progress of any project.

Improving Product and Service Delivery

Every business requires to successfully manage the delivery of the products or services they deliver. The beauty of managing projects in a fully integrated solution is its flexibility; if you discover a smarter direction, project management tools provide you with the flexibility to take it.

Encouraging and Facilitating Team Collaboration

Throughout humanity, people have historically recognized that working together can accomplish more. However, many businesses ignore this fact and continually allow individuals to pursue their own objectives which are loosely tied to project or organisational objectives. With each team member making an individual contribution towards a common goal your business will quickly benefit from greater innovation, better problem solving, greater efficiency in project delivery and a reduction in the cost and impact of absent resources.

Measuring Productivity, Project Progress and Utilization

Keeping track of your employee timesheets and expenses and updating project progress is an essential part of delivering products and services. By capturing your time and expenses your business is able to improve cash flow and revenue recognition by fully automating your project time billing process.

Improving Reporting and Analytics

Far too often businesses without a basic project management solution struggle to produce management reports and end up using excel “which is highly prone to errors” as their main source of management information.

Our Services

Company Incorporation’s; Licence, Certificate and Permit Applications & Follow-ups & Renewals

SkyWorks uses its experience and expertise for incorporating companies in Tanzania with ease and efficiency. Also for obtaining related licences and certificates to the company’s business, preparing feasibility studies and presentations for government offices on company’s behalf and lodging & following-up resident and work permit applications for company’s shareholders, directors and/or employees.

All the documents stated in Block 1 is mandatory for any Limited company to be incorporated in the United Republic of Tanzania

Foreign companies (Branches of companies incorporated out of Tanzania mainland)

These types of companies are incorporated outside Tanzania mainland and they come in the country as branches of such foreign companies. Even if all subscribers and or shareholders are nationals of the United Republic of Tanzania, the companies are regarded as foreign
They are registered under part XII of the Companies Act.
The Registration procedure of this type of companies includes the submission to the Registrar of:
- – Certified copies of Memorandum and Articles of Association
- – Notice of situation of the registered office in the country of domicile
- – List of Directors of the company
- – Person resident in the country who are the representatives of the company
- – Copy of most recent accounts and related reports of the company
- – Certificate of compliance is issued after the process

Company Incorporation’s; Licence and Certificate Applications & Follow-ups
Block 1

Preparation of Memorandum and Articles of Association (Memarts) Obtaining Certificate of Incorporation Obtaining TIN (Tax Payer Identification) Certificate Obtaining Business Licence Registration for BRELA (Business Registration and Licensing Agency)

Cost : $2500.-
Time Frame : 3 Weeks

Needful For Company Registration:

Passport copies for each shareholder and/or director
5 passport size photoS for each shareholder and/or director
P.O. Box numbers for each shareholder and/or director
Offshore company registration documents (If the company going to hold any shareholding)
At least 3 name options for the company to be registered in Tanzania
Nature/Subject of the company/business
Name and P.O. Box number for the company secretary
Share capital of the company and breakdown of division of shares and their value per share
Lease agreement for the premises that shall be used as company’s registered office
The forms will be sent to the client for signatures upon confirmation of the company name.

Block 2
Obtaining Certificate of Registration for VAT (Value Added Tax) Obtaining Occupational Safety and Health Authority (OSHA) Certificate for Registration of a Factory/Workplace

Cost : $1000.-
Time Frame : 3 to 4 Weeks

Government Investment Facilitaion Authorities Licences

Tanzania Investment Centre (TIC) Certificate or EPZA (Export Processing Zones Aauthority) Licence

Cost : $2000.- (For Each)
Time Frame : 8 to 12 Weeks

Preparing feasibility study for Tanzania Investment Centre (TIC) Certificate or Preparing feasibility study for EPZA (Export Processing Zones Aauthority) Licence Cost : Please Contact Us to Get a Quotation on the Feasibility Study Time Frame : 2 to 4 Weeks (After receiving all the needful information from the client)

Companies

To register a company in Tanzania is a right of those who wish to associate and form themselves into a company pursuant to the existing company laws.

Companies ACT CAP 212

The law provides for the following types of companies. Private Comapanies

Private companies are normally formed by persons with prior relationship other than only business relationship eg. Father and sons and or daughters, friend etc
The shares of these companies are not freely transmissible
The transferability is subject to strict control and regulations, as such these type of companies may not list in the stock exchange for purposes of trading in shares
These types of companies are supposed to submit for filing annual returns and any other statutory fillable documents to the Registrar (e.g. Changes of particulars of directors, change of company names etc). Filling fees are also payable and penalty for late filing is also levies

Public Companies

Public companies are open ended, in that there is no maximum number of members, while the minimum number is also two
Any person may subscribe and buy shares in the company, which may be listed in the stock exchange
One condition for incorporating these type of companies is the issuance of an offer document which prior to its registration must be approved by the capital Markets and Securities Authority. An offer document is in essence an invitation to the general public to subscribe for shares
A private company may be converted to a public one by merely amending its Articles of Association and issuing a prospectus
The type of companies need to have very effective articles of association to regulate the relationships between the members themselves, members and company directors, dealers and stock brokers (in cases of listed companies) with the stock exchange

Post Registration Matters

Any changes that occur in the company should be reported to the Registrar immediately. The registrar after noting the reported change registers the same on payment of filing fees. Penalty is charged if the change in particular is not reported in time.

If a company after one year fails to take off, for any reasons whatsoever, the officers thereof may notify the Registrar who issues notice to strike such company off the register off companies if no notification is made, the Registrar has reason to believe that the company is carrying on business and is therefore required to comply with all the requirement relating to existing companies.

All Companies

All local companies need to submit for filing annual returns which is done in prescribed forms. Company accounts (unless exempted under the law) form part of the returns. Foreign companies are required to file only audited balance sheets of their companies

Local Companies Registration Procedures

Applicants submit a letter for name clearance, the registry clears establish
The availability or non-availability of the applied name
Desirability of such name
Applicants are then advised if the name is available or not after which they prepare Memorandum and Articles of Association and submit the same to the Registrar for registration process
Compliance with all requirements relating to formation of the company is declared in form no.14b which is sworn before Commissioner for oath. Particulars of directors are given through form no. 14a and notice of the situation of the registered office is also given through the same form no. 14a, where physical locations and postal address must be provided

Our References

Consolid Group / Turkey

SkyWorks is following road construction government tenders in Tanzania.

TAV Airports / Turkey

SkyWorks is following Airport construction and operation government tenders as well as lounge operation opportunities in the existent and upcoming airports in Tanzania.

Ulusoy Electric / Turkey

SkyWorks is following the government tenders and sales opportunities to private sector for Ulusoy Electric’s electric distribution networks products.

World Petrochem Holding S.A. / – Multi-National Consortium

SkyWorks is following thermal and wind & solar & geothermal energy plants government tenders in Tanzania and in Kenya.

Yasar Ozkan Engineering & Contracting Co. Inc. / Turkey

SkyWorks is following hospital construction government tenders in Tanzania.

Zhejiang International Business Group Co. Ltd. / China

SkyWorks is following thermal and wind & solar energy plants government tenders in Tanzania and in Kenya

İkiz Tarım / Turkey

SkyWorks is following agriculture equipment & machinery government tenders in Tanzania.

Murel Yapı İnşaat ve Taahhüt Ticaret Anonim Şirketi / Turkey

SkyWorks is following thermal energy plant government tenders in Tanzania and in Kenya.

Global Enterprises Inc. / USA

SkyWorks is following housing government tenders in Tanzania and in Kenya

SkyWorks is following the government tenders and sales opportunities to private sector for EXE Solar SRL’s solar panel products and looking for the opportunities for EXE Solar SRL to invest in Tanzania for manufacturing or assembling solar panels.

Eti Soda / Turkey

SkyWorks is following the government tenders and sales opportunities to private sector for Eti Soda’s soda ash product

Ciner Yapı Teknik / Turkey

SkyWorks is following privately-founded investment opportunities in the real estate sector in Dar es Salaam, especially in the peninsula area.

SkyWorks is providing corporate consultancy and assisting on the government relations for the implementation of the BRT (Bus-Rapid-Transit) public transport system in Dar es Salaam.

SkyWorks is looking for the opportunities to create the right environment for Ozsan Trailer to invest in partnership with Burak Buyuksarac in Tanzania for a trailer re-assembling factory

Netis Group / Canada

SkyWorks assisted in getting the deal with Helios Towers to become a National Sub Contractor for the Northern Zone of Tanzania, from which they are building and maintaining over 1000 Telecommunication Towers. Registered their business and got all the necessary licenses, found them the office based in Mikocheni. And recruited over 100 staff, mainly engineers

I-Engineering / Algeria

SkyWorks assisted in setting up their business from company registration to office location. Recruited over 20 staff. And assisted getting some work for telecommunication tower construction and maintenance from HaloTel

DZ Card / Germany

SkyWorks is regularly recruit and facilitate renovation construction requirement.

Shoppers Plaza Group / Tanzania

Marketing Expert

SkyWorks is regularly facilitate staff training and recruitment, and assisted in the latest branch addition in Arusha for full staff requirement

Sanitas Hospital / Tanzania

SkyWorks is currently working on getting the Tanzanian National insurance NHIF on board.

Pepsi SBC / Tanzania

SkyWorks assisted in some procurement and basic construction work for their latest addition factory in Mbeya

Why Invest In Tanzania

Tanzania enjoys an abundance of natural wealth, which offers tremendous investment opportunities for investors. These include an excellent geographical location (six land locked countries depend on Tanzania ports as their cheapest entry and exit ports); arable land; world renowned tourist attractions (Serengeti, Kilimanjaro, Ngorongoro, and the Spice islands of Zanzibar); natural resources; a sizable domestic and sub regional market; a wide local raw materials supply base; abundant and inexpensive skills; assurance of personal safety; warm friendly people and a suitable market policy orientation.

The following are among the major reasons why you should invest in Tanzania:

High degree of investment security because of unparalleled political stability that is strife-free without ethnic division; democratic rule that respects diversity of opinion and a strong tradition of constitutionality and rule of law

Business-friendly Macro-Economic Stability with low inflation (4.2%), stable exchange rates supported by unrestricted and unconditional transferability of profits, loan repayments, emoluments, royalties, fees and changes

Simplified bureaucracy, streamlined through the acclaimed services of the Tanzania Investment Centre which is a one-stop-facilitation agency of government serving registered investors and businesses

Successful economic liberalization measures commended by both the World Bank and the IMF with business-supportive legislation continually being improved through genuine dialogue between government and the private sector

A well-balanced package of incentives to investors with additional negotiated benefits to strategic investors

Rapidly emerging as the most effective entry point and gateway for trade into Eastern, Southern and Central Africa; favorable geographical location of Tanzania

Lucrative investment opportunities in infrastructure, privatization and value-adding facilities

Investment guarantees, and settlement of Disputes. Investments in Tanzania are guaranteed against Political risks, Nationalization and Expropriation

Any foreign business operating in Tanzania may obtain credit from domestic financial institutions up to the limits established by the Bank of Tanzania. Major Banks like Standard Chartered, ABSA, Barclays, Citibank, Stanbic, Exim etc. have invested in Tanzania

Tanzania has been rated as number one investment destination with the highest sales growth by the UNIDO´s Report of Foreign Investor Perception Survey

Investment Opportunities in Tanzania

Tanzania possess vast natural resources and is endowed with unique comparative advantages thus offering exceptionally attractive opportunities to investors. After three decades of a centrally planned and state run economy, Tanzania has now privatized state-owned business enterprises, liberalized all spheres of economic activity and put in place a business-friendly environment, which is backed by a strong enabling and facilitative framework.

Tanzania is an emerging economy with a very high growth potential. Whilst the economy is relatively diversified, a number of opportunities remain untapped in many sectors. The Tanzanian government has taken serious steps to liberalize the economy and encourage both domestic sector private and foreign investments. The recent reforms in the banking sector have increased the private sector growth and assistance. The continued assistance from international organizations and solid macroeconomic policies has kept Tanzania stable despite the world recession.

Following its liberalized trade regime and a sustained economic growth, Tanzania has enormous opportunities in both domestic and external markets. Currently, Tanzania exports coffee, cotton, manufactures, cashew nuts, minerals, tea, sisal, tobacco, cloves and pyrethrum to Germany, Japan, India, Belgium-Luxembourg and Britain ; and imports machinery and transport equipment, textiles and clothing, petroleum products and food & drinks from Britain, Kenya, Japan, Saudi Arabia, India and China.

Tanzania is also strategically located as it provides an entrance to six landlocked neighboring countries. Therefore business opportunities in Tanzania go beyond its borders, by considering the East African Community (with almost 90 million people), SADC (300 million people), EU (through Everything but Arms initiative), US market through the African Growth and Opportunity Act (AGOA) window, and Chinese market through Special Preferential Tariff Agreement with China. In all these markets products from Tanzania receive either relatively low tariff or tariff free treatment.

Investments and personal security

Unparalleled political stability that is strife free without ethnic division

Democratic rule

Investment guarantees and settlement of disputes. Investments in Tanzania are guaranteed against political risks, nationalization and expropriation by local legislation and International Agreements. Tanzania is a signatory of (MIGA) Multilateral Investment Guarantee Agency and a member of the International Centre for Investment Settlement Dispute (ICSID) a body of affiliated to World Bank

The Country enjoys a low crime rate

There are international insurance companies offering Business Insurance and medical insurance

Availability of Resources

Tanzania enjoys an abundance of natural wealth which offers tremendous investment opportunities

It has abundant tourist attractions that are mostly underutilized

It’s climatic and soil conditions give it comparative advantage in farming of a variety of crops

It has mineral wealth largely still unexploited

Abundant trainable and inexpensive skilled labor force

What is the Market?

Tanzania is strategically positioned as a gateway to six land locked countries

Has a population of 35 million people with ever increasing real income and high level of domestic investment spending

Belongs to regional economic grouping, EAC, SADC, MMTZ-SACU- thus expanding its market access to all member countries of these economic groupings with a total of over 300 million people

Has quota free and duty free entry to the markets of USA, (AGOA), Canada, Japan, South Korea and China. Therefore, establishing a factory in Tanzania, one has a larger market than the confines of Tanzania Borders

Starting and sustaining Business in Tanzania

The comprehensive economic and political reforms measures, undertaken since 1988 have brought about an efficient economic management, financial discipline and a framework for a dynamic high growth economy with inflation at around 5%

The Tanzania shilling is freely convertible to all major currencies and transfer of capital and profit is allowed

Investors are not compelled to enter into joint ventures. You can have 100% foreigner owned investment

You need not to worry as to wasting time constructing sheds, Export Processing Zones Parks are there for you to fix your machines and start production, if you are an export oriented manufacturer, if not have your production unit in the Special Economic Zones Parks

Due to less competition in the market, profit margins are undoubtedly very high

Reaching your markets

By air By air – Tanzania is served by major airlines which fly from Tanzania to major hubs in the world. Regular flights fly from Dar es Salaam Kilimanjaro and Zanzibar International Airports and hired cargo planes from Mwanza/KIA to Europe. Currently, Turkish Airlines, Emirates, Qatar Air and Kenya airways fly out from Dar es Salaam, Kilimanjaro and Zanzibar International Airports on daily basis.

By sea There are regular ships sailing from Dar es Salaam, Tanga and Mtwara Ports including but not limited to: container cargo, fuel tankers, roro’s, break bulk cargo, liquefied cargo and refrigerated cargo. Dar es Salaam, Tanga and Mtwara Ports are currently operating container cargo ships, fuel tankers, roro’s on regular basis to ship in and out all type of break bulk, cargo, containerize cargo, liquefied cargo and refrigerated cargo.

By Rail Tanzania is connected to Kenya, Zambia and Uganda by rail. A three phase, high-speed railway line is also under construction.

By Road There is a good road network connecting Tanzania to its eight neighboring countries and beyond.

Some proactive companies from the globe have already set their footing in Tanzania including those from European Countries, USA, UAE, China and Turkey who have invested in Petroleum exploration, Tourism, mining and many more other sectors. Opportunities are literally limitless.

Investment Opportunities by Sectors

Tanzania is a country where opportunities abound. Investors are welcome to bring along capital, technology and expertise so that these limitless opportunities could be tapped for the mutual benefit of the investors and peoples of Tanzania. Investment opportunities include but not limited to the following:

Large scale commercial farming	Agro Processing	Ranching and Livestock development	Fishing and fish processing	Floriculture and Horticulture
Timber & wood processing	Tourism and Hospitality sector	Service Sector ICT	Health development	Infrastructure development
Exhibition & Conversation Industry Development	Energy generation	Mining and Oil Exploration	Gemstone & Industrial mineral mining.	Gemstone cutting and polishing.
Lapidary	Food processing	Hotel and resort construction	Economic Infrastructure on BOO/BOT	Road Construction.
Bridge Construction.	Airport Infrastructure and Related Services	Airport construction & operation.	Air Ground transport exhibition and convention centers etc	Real Estate develpment
Telecommunication.	Shipping	EPZ (Export rocessing Zone) Infrastructure Development.	Production & Services

Agriculture

Agriculture is one of the leading economic sectors of Tanzania; it contributes to around 21% to the country’s GDP and provides employment to around 80% of the population. The presence of favorable climatic conditions provide opportunities in commercial farming of various cash crops such as coffee, cotton, tobacco, sisal, cashew nuts, sugar and pyrethrum. The temperate climate in the highland region of Tanzania is ideal for horticulture and floriculture. The laws for land leasing have now eased to 99 years for foreign companies. One of the major problems faced by Tanzania in agriculture is of irrigation.

Fisheries

Endowed with one of the largest freshwater lakes in the world, Tanzania has substantial fish resources of 730,000 metric tons per year. Investment in this sector is regulated by the Fisheries Act of 1970 under the Ministry of Natural Resources and Tourism. The major markets for export are the European Union and Japan.

Forestry

Tanzania has around 33.5 hectares of forests and woodlands out of which 13 million has been kept a side as forest reserves. The importance of Tanzania’s forests is increasing as there is an expansion in the tourism portfolio and an increase in the requirement of organic forest products. Softwood and hardwood plantations provide a wide range of investment opportunities in saw-milling, partial boards, furniture and pulp-paper industry.

Tourism

Tanzania has 12 national parks, 17 game reserves, 50 game controlled areas, 2 marine parks, 2 marine reserves and a conservation area. It is the only country which has dedicated around 25% of its land to wildlife reserves and game reserves. The wildlife resources are considered one of the best in the world. Tanzania has a vibrant culture notably the Maasai culture and art and the Makonde sculptures and carvings done in ebony. Investment opportunities exist in the development of hotels, campsites in some of the heritage sites like Bagamoyo, Pangani, Tabora and Kilwa.

Manufacturing

Manufacturing The manufacturing sector contributes to around 10.2% of the country’s GDP. The Tanzanian government is laying stress on diversification and is encouraging the establishment of certain import substitution industries. The major industries of the region are beverages, steel and metal, cement and ceramics, chemicals, electrical engineering, canning, animal feed processing, bottling and glassware. Investment opportunities exist in manufacturing of pottery, china and earthenware, food, beverages, cigarettes and also in construction materials and electrical goods.

Banking and Insurance

The financial sector was liberalized in 1991 under the Banking and Financial Sector Act. The opportunities in the banking and insurance sector exist in expanding product and services by nontraditional means such as brokerage, asset management, real estate financing, lease finance and agriculture finance. With the coming up of the Dar es Salaam Stock Exchange (DSE) there are opportunities in the mutual fund segment and the unit trust segment.

Laws and Regulations Governing Investments in Tanzania

Constitution of the United Republic of Tanzania The Constitution of the United Republic of Tanzania, 1977 is the mother of all laws of the country. It has set up an independent judiciary, among other organs of the State and does recognize the sacred right of individuals to acquire and own property. Legislation’s passed since 1990 to improve the investment climate in Tanzania include: – Tanzania Investment Act, 1997 (No. 26 of 1997): This is an act to guide investment activities in Tanzania, to provide for more favorable conditions for investors. It provides definitions for inter alia local investor, foreign investor and local capital. This Act does not, in terms of Article 2, apply to:

Investments in mining and oil exploration currently covered under the Petroleum (Exploration and Production) Act, 1980, and the Mining Act 1998;
Investments in Zanzibar, which are administered under a separate legislation applicable in Zanzibar only;
Investments below US$ 300,000 and US$ 100,000 for foreign investors (wholly owned or joint venture) and local investors respectively.

Financial Laws (Miscellaneous Amendments) Act, 1997 (Act No. 27 of 1997):

Aimed at amending certain financial laws, in order to address areas in affected legislations that had potential conflict with some provisions in the Tanzania Investment Act of 1997. The legislations which were affected by this Act are some sections of the Income Tax Act, 1973, Customs Tariff Act 1976, Sales Tax Act, 1976 (since repealed) and the Immigration Act, 1995.

Capital Markets and Securities Act, 1994 (No. 5 of 1994):

This Act provides for the establishment of a Capital Markets and Securities Authority (CMSA) for the purpose of promoting and facilitating the development of capital markets and securities in Tanzania.

Mining Act, 1998 (No. 5 of 1998):

Provides for minerals mining, trading and any other relevant matters.

Banking and Financial Institutions Act 1991 (No. 12 of 1991):

An Act intended to harmonize the operations of all financial institutions in Tanzania, to foster sound banking activities, to regulate credit operations, and to provide for other matters related to these purposes.

BOT Act 2006:

The Act expressly specifies functions and objectives of the regulation and supervision of banks and financial institutions in Tanzania

The Land Act, 1999 (No. 4 of 1999):

The Act expressly specifies functions and objectives of the regulation and supervision of banks and financial institutions in Tanzania.

The Village Land Act, 1999 (No. 5 of 1999):

Provides for the management and administration of land in villages, and for related matters. Value Added Tax Act, 1997 (No. 24 of 1997): Provides for the imposition of tax to be known as Value Added Tax on supplies of goods and services and for related matters.

Immigration Act, 1995 (No. 7 of 1995):

Aimed to provide for the enactment of one law for control of immigration in the United Republic of Tanzania and for matters incidental to or connected with immigration.

Foreign Exchange Act, 1992 (No. 1 of 1992):

Act to provide for the administration and management of dealings and other acts in relation to gold, foreign currency, securities, payments, debts, imports, exports, transfer or settlement of property.

Customs Tariff (Amendment) Act (No. 1 of 1976):

Provides for the imposition of duties on goods imported into Tanzania.

Business Licensing Act (No. 25 of 1972):

Provide for licensing of business operations. No firm or business entity can enter into business activities before getting a business license.

Employment Ordinance Act: Cap 366:

Ordinance intended to amend and consolidate laws relating to labour, and to regulate conditions of employment and employees.

Severance Allowance Act: Cap 487 (No. 57 of 1962):

This was enacted in 1962 to guide the payment to all employees on the termination of their employment in certain circumstances.

Security of Employment Act: Cap 574, No. 62:

It provides for the establishment of workers? Committees in certain businesses, restricts the power employers to summarily dismiss employees or matters related to the discipline of employees etc.

Workmen’s Compensation Ordinance: Cap 263:

An ordinance to provide for compensation to workmen for injuries suffered in the course of their employment.

Other laws and regulations:

Zanzibar – Investment Promotion Act, 1986 (Act No.3 of 1986)

Income Tax Act No. 33 of 22 November 1973

Petroleum (Exploration and Production) Act, 1980 (Act No.27 of 1980)

National Environment Act, 1983 (Act No.19 of 1983)

Patent Act, 1987 (Act No.1 of 1987)

Trade and Services Marks Act, 1987 (Act No.2 of 1987)

Companies Ordinance, Cap.212 (Under review)

Business Names (Registration) Ordinance, Cap. 213

Public Corporations Act, 1992 (Act No.2 of 1992)

Business Activities Registration Act (2005)

Export Processing Zones Act, 2002 and Amendments (2006)

Special Economic Zones Act, 2006 All these legislation’s together with their respective amendments and subsidiary legislation in both hard copy and/or soft copy formats can be obtained from SkyWorks upon request.

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