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Student's Book Form Five
to the growth and competitiveness of practices, the FCC fosters an environment
medium-sized enterprises in Tanzania. where medium-sized enterprises and
Generally, SIDO capitalizes on strategic other businesses can compete fairly in
interventions and partnerships to remain the market. Further, the FCC’s oversight
a key catalyst for the development of extends to addressing abuse of domination
businesses in Tanzania, and fostering and scrutinizing mergers and acquisitions
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economic growth in the country. that lead to market concentration which are
detrimental to medium-sized businesses.
Micro, Small, and Medium Industrial Through these interventions, the FCC
Development Agency safeguards enterprises by ensuring they
The Micro, Small, and Medium Industrial have equitable opportunities to grow and
Development Agency (SMIDA) was succeed in the marketplace.
established by Act No. 2 of 2018 as an
industrial development agency under The roles of government agencies in
the Ministry of Trade and Industries promoting businesses
implementing almost the same activities as Government agencies in Tanzania execute
SIDO in Zanzibar. The core functions of the various programs and initiatives aimed
Agency are to advise, develop, coordinate, at promoting businesses including
promote, and offer every form of support to medium-sized enterprises through
micro, small, and medium-sized industries accessing finance, capacity building, and
in Zanzibar. Its support spans from the market development. By addressing key
early stage of formalisation, marketing of challenges related to access to finance,
the product to graduation of SMEs to large capacity building, and market development,
industry category. In addition, SMIDA the agencies contribute to creating a
facilitates affordable credit schemes and conducive environment for businesses
other financial and non-financial services including medium-sized enterprises. In
through the Small and Medium Industrial turn, medium-sized businesses thrive,
Development Fund (SMIDF) in Zanzibar. innovate, and contribute to the country’s
economic development goals. Some of the
Fair Competition Commission key roles of the government agencies in
The Fair Competition Commission (FCC) promoting businesses in Tanzania include
was established under Act No. 8 of 2003 the following:
with a crucial role in ensuring fair and
competitive market practices in Tanzania. Access to finance: Government agencies such
FCC is mandated to intervene in markets as the Tanzania Commercial Bank (TCB)
to prevent anti-competitive behaviour, and the Tanzania Agricultural Development
market dominance, price fixing, and other Bank (TADB), provide financial support to
practices that could harm businesses and medium-sized businesses through loans,
disrupt market stability. By curbing such grants, and subsidies. Similarly, specialized
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