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Proposal to Restore 5% of Councils' Own-Source Revenues for Development Projects

Latest Tanzania business news · Proposal to Restore 5% of Councils' Own-Source Revenues… explained · updated Aug 19, 2026 · business news · companies · investment

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TLDR

  • Business officers in Tanzania have been directed to enhance the identification and promotion of investment opportunities to support economic transformation under Development Vision 2050.
  • Deputy Minister for Industry and Trade Denis Londo issued these directives during the 3rd Ministry-Business Officers Meeting in Dodoma.
  • Councils are required to maintain accurate and regularly updated information on businesses, industries, and investment opportunities to aid planning and attract investors.
  • The government has restored 5% of councils' own-source revenues for development projects, which is expected to generate over 72 billion Tanzanian Shillings (approximately 27.3 million US dollars).
  • These funds are intended to support infrastructure for markets, businesses, and entrepreneurship, with an emphasis on proper planning to maximize economic impact.

Latest news excerpts & sources: Proposal to Restore 5% of Councils' Own-Source Revenues…

dailynews.co.tzRead more

Mr Londo also directed councils to develop areas designated for industries, businesses and entrepreneurs, saying the government had restored 5 per cent of councils’ own-source revenues for development projects.

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