Tanzania Pledges Investor-Friendly Laws

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The government pledged to enact investment-friendly laws to support Vision 2050, aiming to raise GDP from $80 billion to $1 trillion by 2050. Treasury Registrar Nehemiah Mchechu said the reforms will enhance public sector efficiency, boost domestic revenue from 4% to 10%, and foster collaboration with the private sector. Officials highlighted improved contract management, streamlined PPPs, and robust legal frameworks as key to attracting investors and increasing returns from public investments.