Tanzania lures investors with 10-year tax breaks, sets aside land for cities

25 Nov

Tanzania_flag_mapThe government is also offering PPPs in land concession agreements, where a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry out investment in a public utility for a given number of years.

According to Ms Lemunge, negotiations are already going on between the Chinese government and that of Tanzania with regard to the development of the Bagamoyo port.

Established six years ago, Tanzania’s EPZA has seven industrial parks and 24 standalone single factory units not located within the zones, with EPZA declaring such factories special economic zones.

The parks and stand-alone factories have attracted a total capital of $1.15 billion, creating 26,381 direct jobs with annual export turnover of $357 million.

SOURCE: http://www.theeastafrican.co.ke/news/Tanzania-lures-investors-with-tax-breaks/-/2558/2085746/-/item/1/-/10y3dw0z/-/index.html

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