Unpacking Tanzania's exciting economic future with Andrew Mahiga

Ever wondered how Tanzania is unlocking its vast economic potential amidst challenges that many African nations face? Join me as I sit down with Andrew Mahiga, the Country Director for the Department for Business and Trade at the British High Commission in Dar es Salaam. With over a decade of expertise in policy engagement and trade facilitation, Andrew shares invaluable insights on creating an enabling business environment, addressing taxation hurdles, and bridging the skills gap that stymies investment and innovation in Tanzania.
As Tanzania experiences rapid economic growth in sectors like transport, logistics, and tourism, the gap between progress and poverty remains stark. Together with Andrew, we navigate through the complex terrain of inclusive growth, emphasizing the need for job creation and strategic investments in employment-rich sectors. Discover how government initiatives and partnerships with development actors aim to cultivate a fairer economic landscape where opportunities are accessible to all, not just a fortunate few.
Tanzania's entrepreneurial spirit is vibrant and undeniably promising. Yet, the challenge lies in transforming that innate hustle into sustainable businesses. Andrew and I explore the crucial role of accessible business development services and the importance of genuine problem-solving in the entrepreneurial ecosystem. As we look toward Tanzania's future as a leading East African economy, we also highlight the transformative potential of renewable energy partnerships and the pivotal shifts needed in education, entrepreneurship, and technology to ensure lasting prosperity for every Tanzanian.

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Great episode Mmathebe, some of us been looking at opportunities to invest in Africa but if the corporate Income Tax rates or the effective Tax rates are anything like what this gentleman says they are then there is no chance in hell that one can invest in Tanzania. It's just not plausible. Most investors can tolerate lack of development and lack of business infrastructure (even presence of high levels of public sector corruption), but will not tolerate high taxes. It just makes no sense to work just to pay majority of your earnings to the government. The risk of going into Africa has to be offset by the returns that one can earn (post Tax).