CONTENTS/OVERVIEW
          1.   Introduction
          2.   Economic Policy Reform 
          3.   Investment Policy Framework
          4.   Private Sector Development Initiatives
             a)   National Investment Steering Committee (NISC)
             b) Tanzania National Business Council (TNBC)
             c)   Investment guarantees & settlement of disputes
          5.   Remaining regulatory, legislative & administrative 
               impediments to private investment
          6.   Tanzania Investment Regime
          7.   Challenges and The way Forward
          8.   Conclusion
                                    
                                                                     2
           ECONOMIC REFORMS AND THE DEVELOPMENT OF 
           THE NATIONAL INVESTMENT PROMOTION POLICY
            Economic reforms initiated in 1986:
                Trade liberalization
                   First Investment Code June 1990
                   Private investment allowed  in allocated areas
            Some of the problems met in implementing the 1990 Investment 
                 Policy & the Act as per studies carried out:
                   Restrictive investment environment
                   Lack of  coordination of sectorial policies and the 
                 investment policy
                   Existence of several laws and regulations that conflicted 
                 with the investment code
                   Existence of a non commercialised society
                   Existence of a  non facilitative civil service
                                         
                                                                               3
                    CORRECTIVE MEASURES TAKEN TO FURTHER 
                 IMPROVE THE TANZANIAN INVESTMENT CLIMATE
              Major highlights of the Studies carried 
              (i)  Review of the investment Policy and Law, prepared by Dr. H. 
                   Sinare and Dr. F. Ringo under the auspices of Economic and 
                   Social Research Foundation (ESRF) - 1996 and 
              (ii) Investors Road Map (1996) prepared by The Services Group, a 
                   team from USA.
                  Both  reports  addressed  policy,  legal,  procedural  and 
                   administrative barriers to investment in Tanzania
                  The  reports  forced  GoT  departments  to  re-examine  their 
                   processes and make appropriate changes; main changes where 
                   as follows: -
                    Adoption of the New Investment Policy 1996
                    Enactment of the new investment code 1997 & establishment 
                         of Tanzania Investment Centre (TIC) One Stop Shop for 
                         investors
                    Harmonized key legislation 
                    Removed restrictions on investment areas
                                                      
                    Enhanced economic and social reforms from 1996 onwards.                            4
                  TANZANIA ECONOMIC REFORMS
              The Government has implemented reforms 
              aimed at transforming its economy from 
              one based on a large State-owned sector 
              and central planning to a market-and 
              private-sector-based economy.
              16 major reform legislations were enacted 
              between 1990 and 2004.
           These reforms have helped Tanzania to improve 
              efficiency and weed out ills  that impede 
              growth.
                                  
                                                                5
                     TANZANIA ECONOMIC REFORMS
             Major reform legislations enacted between 1990 and 2002 are 
                as follows:-
               The Income Tax Act 2004
               The Companies Act No. 12 of  2002
               The Export Processing Zones Act No. 11 of 2002
               The Commission for Human Rights & Good Governance Act No. 7 of 
                2001
               The Land Act 1999
               The Mining Act 1998
               The Privatisation Trust Act No. 7 of 1997
               The Financial Laws Miscellaneous Amendments Act 1997
               The Tanzania Investment Act No. 26 of 1997
               The Tanzania Revenue Authority Act No. 11 of 1995
               The Immigration Act No. 7 of 1995
               Capital Market and Security Act No. 5 of 1994 and as amended by 
                Capital Market and Security Act No. 4 of 1997
               The Public Corporations Act 1992 and Amendment Act 1993 
               The Foreign Exchange Act 1992
               The Banking and Financial Institutions Act No 12 of 1991
                                      
                The Loans and Advances Realization Act 1991
                                                                           6