Amidst a pro-investment climate, the diverse business landscape in Tanzania is rapidly evolving with a mix of traditional and modern industries and a growing number of small and medium-sized enterprises. Under directive from Her Excellency President Samia Suluhu Hassan, the Government has made boosting investor confidence a key priority and continues to make efforts to create a predictable operating environment where businesses can thrive. As a result, the country has seen increased activity within various diplomatic missions bringing in potential investors and policy reforms aimed at supporting Private Sector growth and contribution to sustainable development.
While changes in the investment climate are acknowledged, captains of industry believe their impact on business development, particularly Small and Medium-sized Enterprises (SMEs), can be accelerated. Sharing leadership reflections on business in Tanzania, members of the CEO Roundtable of Tanzania (CEOrt) discussed the importance of skilled talent, sustainable tax systems and making the most of available opportunities in leveraging the booming business sector. This took place during one of the forum’s monthly engagements for members which facilitate dialogue on issues critical to Tanzania’s sustainable development. Membership within the CEOrt includes CEOs from over 200 leading companies in Tanzania, cutting across multiple sectors of the economy to enhance impact in leadership and the country’s growth. Sitting on the panel at the February meeting were Mr. Tournabenne Mnyuku – CEO at Kitivo Investment Company Limited, Ms. Elizabeth Swai – CEO at AKM Glitters Company Limited, Mr. Taha Jiwaji – Founder and CEO of Beem, and CEOrt Executive Director Ms. Santina Majengo-Benson who moderated the discussion.
