Among the three member states of the East African Community, Tanzania is the most costly for investors from both home and abroad, according to a World Bank report.
The report, “Doing Business in 2006: Creating Jobs”, showed that the least start-up cost for a business in Tanzania was 161,3 percent of per-capita income, as compared with 48,2 percent in Kenya and 117,8 percent in Uganda.
Investors needed to go through 26 procedures to obtain their licenses in Tanzania, as against 11 procedures in Kenya and 19 in Uganda, local media Thursday quoted the report as saying.
Kilde: www.worldbank.org
