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Student's Book Form Five

Chapter Four

Business regulatory environment in

Tanzania
FOR ONLINE READING ONLY

Introduction

Medium-sized businesses play a crucial role in driving economic growth. In
so doing, they navigate a multifaced regulatory landscape comprising various
financial, legal, and operational requirements. Indeed, for a medium-sized
business to achieve sustainable growth, it is critical to ensure compliance
with policies and regulations. In this chapter, you will learn about the roles of
government and non-government agencies, as well as the policies and regulations
that apply in promoting and controlling medium-sized business activities. The
competences developed will orient you to comply with policies and regulations
governing and supporting the establishment and operation of medium-sized
businesses in Tanzania.

Think
Establishing a business in Tanzania without any compliance.

Roles of government and non-government agencies in regulating and
supporting businesses in Tanzania

Government and non-government agencies play complementary roles in regulating and
supporting medium-sized businesses in Tanzania. This is done through the provision
of essential services such as information, and financial assistance. By so doing, they
enable creation of environment that is conducive for medium-sized businesses and hence,
contribute to the country’s economic development. In this chapter some of government
and non-government agencies regulating and supporting businesses in Tanzania are
discussed.

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