Tanzania's Legal Framework Evolution to Support Innovation and Investment

TLDR

• DAR ES SALAAM: THE government plans to review more than 1,000 laws to create a regulatory framework capable of supporting artificial intelligence, digital commerce and technologydriven investment as it seeks to make.
• Speaking in an exclusive interview during the Africa50 General Shareholders Meeting in Dar es Salaam recently, Mr Homera said outdated regulations could constrain innovation and discourage investment in emerging sectors.
• As the global economy becomes increasingly digital, Tanzania must ensure that its legal framework evolves accordingly.
• We are reviewing our laws so they support innovation, investment and the use of emerging technologies, including Artificial Intelligence,” he said.
• The review is expected to address regulatory bottlenecks and create a more predictable business environment, potentially strengthening Tanzania’s appeal to technology companies and long-term investors.