Tanzania: Govt to Review Over 1,000 Laws to Attract Tech

Dar es Salaam — Tanzania's government intends to review over 1,000 laws to establish a regulatory framework that can support artificial intelligence, digital commerce, and technology-driven investment, aiming to boost the country's economic competitiveness. This comprehensive review encompasses laws governing digital financial transactions, e-commerce, companies, and public-private partnerships, providing investors with greater certainty as businesses increasingly transition to digital platforms.

Minister for Constitution and Legal Affairs Juma Homera disclosed these plans during an exclusive interview at the Africa50 General Shareholders Meeting in Dar es Salaam. He emphasized that outdated regulations could hinder innovation and deter investment in emerging sectors. Homera stressed that Tanzania must adapt its legal framework to keep pace with technological advancements and shifting business models.

The reforms target the Public-Private Partnership Act, Companies Act, and financial legislation, aiming to facilitate digital transactions and enhance the environment for private sector participation. These changes align with Vision 2050, which envisions the private sector implementing more than 78 percent of the development agenda.

Homera highlighted that Tanzania is learning from countries that have successfully integrated digital payment systems, which have improved revenue collection, expanded financial inclusion, and made business operations more efficient. He stressed that regulatory reforms must be complemented by investments in digital skills and artificial intelligence capabilities to enable Tanzanians to compete effectively in the emerging digital economy.

The review is expected to address regulatory obstacles and create a more predictable business environment, potentially enhancing Tanzania's appeal to technology companies and long-term investors.