Tanzania Investment Centre(TIC), established under the Tanzania Investment Act 1997, is the focal point of all investor inquiries, screens foreign investments, and facilitates project start-ups. TIC has been given the power to manage public-private partnerships (PPPs) for foreign companies under the Public Private Partnership Act 2010 which establishes a framework for build-operate-transfer arrangements with private firms. Registration with TIC is not mandatory, but it does offer incentives for joint ventures with Tanzanians and wholly foreign owned projects over $300,000. The review process takes up to 10 days and involves several government agencies, which are required by law to fully cooperate with TIC in facilitating foreign investment. Projects are not currently being reviewed due to anti-competition concerns. TIC continues to improve investment facilitation services, provide joint venture opportunities between domestic and foreign investors, and disseminate investment information.
The Tanzania Investment Center (TIC) was established by Parliament Act No. 26 of 1997.
The Centre, a one-stop center for investors, is the government’s primary agency for coordinating, encouraging, encouraging and facilitating investments in Tanzania and advising the government on investment policy and related matters.
The Center is a government agency and is a corporate body subject to the supervision of the Minister responsible for investments.
The center is under the supervision of the board of directors responsible for performing the functions of the center.
The center has four branches: the Lake District in Mwanza, the Southern Highlands District in Mbeya, the Northern District in Moshi and the Central District in Dodoma.
The main office is in Dar es Salaam, Tanzania.
In order to serve investors under one roof, the center has attached officials from various ministries, departments and government institutions.
The Center’s vision is to become a leading Investment Promotion Agency (IPA) capable of creating and sustaining ever-increasing investment flows and creating a competitive investment environment that promotes Tanzania as a preferred prime investment destination in Africa.
The mission of the Center is to contribute to the sustainable economic development of Tanzania by attracting new investment and maximizing its impact on the economy.
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