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Tanzania aims for speedy investor take-off

Published on May 20, 2015

The Tanzania Investment Centre (TIC) is working on the Tanzania Window 2014 (TIW) platform aimed at providing all investors with a One-Stop-Shop services online. 

This also aims at creating a virtual one-stop-stop with an objective to simplify procedures and in making the services more accessible, efficient and effective.

The first TIW Phase I project was implemented in 2014 with funding from the United Nations Development Program (UNDP) and managed by United Nations Conference on Trade and development (UNCTAD). 

The $350,000 (Tsh.630 million) UNDP funding led to the installation at TIC of an electronic single window through which investors can apply online for required registrations to start a company lawfully in Tanzania. 

According to Juliet R. Kairuki TIC Chief Executive Officer, Phase II of the project would be managed by TIC and co-financed by Investment Climate Facility (ICF).

It would focus on launching and promote the Tanzania Investment Window.

This would be made possible through targeted communication efforts and by piloting proximity services throughout Tanzania.

She said this phase would also focus on simplifying and put remaining One-Stop-Shop permit issuing procedures online such as certificate on incentives, tax exemptions, work permits and derivative rights to land. Read more. Source | East African Business Week