Doing Business at KIC - The Advantages

Investment Guarantees

 

Support from Government

Investments in Tanzania are guaranteed against nationalisation and expropriation. Tanzania is a signatory

kic2Investments in Tanzania are guaranteed against nationalisation and expropriation. Tanzania is a signatory of several multilateral and bilateral agreements on protection and promotion of foreign investment.

Tanzania is a member of Multilateral Investment Guarantee Agency (MIGA) and International Centre for Settlement of Investment Disputes (ICSID).

Double taxation agreements exist with Canada, Denmark, Finland, India, Italy, Norway, South Africa, Sweden, and Zambia.

Bilateral investment treaties exist with Denmark, Egypt, Finland, Germany, Italy,   Republic of Korea, Netherlands, Sweden, Switzerland, and the UK.

Great People

Tanzania has an extensive supply of competent human capital and welcomes talents from around the world.

With a population of 45 million growing at an annual rate of about 3%. Tanzania is also a very young country with 44% of the population below the age of 15

Tanzanians are very warm and hospitable people.  Kiswahili is the national language in daily use and English is the official medium of communication .

Tanzania has implemented progressive immigration policies and invites skilled people from around the world to make Tanzania their home and contribute to its economic growth.

Great Location

It is connected directly to the Indian Ocean giving it trade links to Asia and sits in between the ocean and 6 landlocked countries (Uganda, Congo, Rwanda, Burundi, Zambia and Malawi) that rely on Tanzania for passage of goods.

The country has 3 deep water ports (Dar es Salaam, Tanga and Mtwara) that are servicing the neighboring countries.

A well-maintained infrastructure and three international airports connect its bustling commercial centres and ensure easy transportation, whether by road or by air

Furthermore, its membership to the SADC Free Trade Area and EAC Common Market, with developed rail and road networks, makes Tanzania a natural transportation gateway for East and Central Africa

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Abundant Natural Resources

The main natural resources in Tanzania are land, rivers, lakes, the ocean, and forests/woodlands. Natural resources are used for crops cultivation, grazing (for livestock), wildlife, wood (as an energy source and for building materials), fishing and minerals.

Apart from wealth in agriculture, forestry and wildlife land, Tanzania is also very rich in minerals such as gold, diamond, iron, coal, nickel, tanzanite, uranium and natural gas. Recently natural offshore gas deposits have been discovered. The tribes in Tanzania can also weave, knit or sew well, as it is part of their cultural traditions.

Tanzania’s untapped natural resources offer a wide range of investment opportunities; arable land, minerals and natural tourist attractions are all awaiting potential investors.

Tanzania is internationally renowned for its abundance of wildlife attractions and unexploited mineral reserves.