Tanzania announces regulatory reforms

At the official launching of the OECD's investment policy review of Tanzania, the Prime Minister announced his intention to grapple with "the most problematic areas in the performance of business sector in the country (which) include access to credit, corruption, complex procedures in securing construction permits, cross-border trade licenses, payment of taxes, land and property registration... The government would now make delibefrate efforts to review the legal framework and regulations that have been deterring smooth operation of investment projects." A booming economy with enviable growth rates, Tanzania still suffers from a poor Doing Business ranking (145th out of 189 in the 2014 report.) For more, see IP Media and read the summary of the review on the OECD site.