The government has officially launched the preparatory process for the Second Phase of Business and Investment Environment Reforms (MKUMBI II), with Prime Minister Kassim Majaliwa Majaliwa presiding over the event.
This initiative underscores the commitment of the Sixth Phase Government, under the leadership of President Dr. Samia Suluhu Hassan, to fostering a more competitive and investor-friendly business environment.
As part of the launch, a special committee has been tasked with reviewing the achievements and challenges of the First Phase of Business and Investment Environment Reforms (MKUMBI I) and developing MKUMBI II.
The move is aimed at ensuring continuous improvements and addressing existing barriers to economic growth.
Speaking at the event, Minister of State in the President’s Office for Planning and Investment, Professor Kitila Mkumbo, emphasized that the launch marks a significant step for the private sector and the economy.
“This initiative is a clear indication that the government is listening. Despite the strides made under MKUMBI I, we recognize that businesses still face challenges. The decision to launch MKUMBI II reflects our commitment to addressing these concerns and creating an even more enabling business climate,” he stated.
He further highlighted the need for Tanzania to adapt to the evolving global business landscape. “The world is changing—economically, technologically, and commercially. If we are to remain competitive, our policies must evolve accordingly. MKUMBI II is coming at the right time to ensure that we keep pace with these global shifts,” said Professor Mkumbo.
He also underscored the government’s strategic approach to problem-solving, citing the establishment of the Presidential Commission on Tax System Reform.
“The formation of this commission, alongside MKUMBI II, signifies our holistic approach to addressing business challenges. By aligning these efforts, we aim to provide a more structured and impactful transformation of Tanzania’s business environment,” he explained.
The launch of MKUMBI II preparations has been met with optimism from investors and business stakeholders, who view it as a strong signal of the government’s dedication to fostering economic growth.
“This is more than just a policy review—it’s a commitment to making Tanzania a more attractive investment destination,” remarked Professor Mkumbo.
Stakeholders now anticipate meaningful reforms that will simplify business operations, enhance economic opportunities, and solidify Tanzania’s position as a leading business hub in the region.