Page 70 - Business_Studies_F5

Student's Book Form Five

Chapter summary

1. Government and non-government agencies regulate and support medium-sized
businesses in Tanzania.
2. The Tanzania Investment Centre (TIC) is primarily responsible for promoting
FOR ONLINE READING ONLY
and facilitating investment in Tanzania. Its key activities are geared to coordinate,
promote, and facilitate investments in Tanzania.

3. Zanzibar Investment Promotion Authority (ZIPA) ensures a conducive business
environment, processes approval for new investments, and facilitates incentives
and all necessary permits to investors in Zanzibar.
4. The Tanzania Revenue Authority (TRA) is responsible for overseeing tax
administration and revenue collection in Tanzania.

5. TRA offers online platforms and services for tax registration, filing, and payment,
streamlining tax processes and enhancing compliance among medium-sized
businesses.
6. Tanzania Trade Development Authority (TanTrade) supports medium-sized
businesses by facilitating access to markets, promoting export opportunities,
and providing regulatory guidance.

7. The key roles of Micro, Small and Medium Industrial Development Agency
(SMIDA) are to advise, develop, coordinate, promote and offer every form of
support to micro, small and medium industries in Zanzibar.

8. The Fair Competition Commission (FCC) is mandated to intervene in markets
to prevent anti-competitive behaviour, market dominance, price fixing, and
other practices that could harm consumers and disrupt market stability.
9. The Tanzania Chamber of Commerce, Industry and Agriculture (TCCIA) works
to support the private sector and create an enabling environment for medium-
sized businesses to flourish.

10. Zanzibar National Chamber of Commerce (ZNCC) is an apex body of the private
sector in Zanzibar with the main functions of advocacy, training, networking,
and information sharing.
11. Tanzania Association of Micro Finance Institutions (TAMFI) seeks to develop
capability of micro-finance institutions and the micro-finance sector in general
through advocacy, lobbying, research and development, responsible micro
finance, capacity building, information gathering and dissemination.

61 Business Studies for Advanced Secondary Schools

30/06/2024 19:02:34
Business Studies FORM 5.indd 61 30/06/2024 19:02:34
Business Studies FORM 5.indd 61