MWANZA, April 19 -- ACCORDING to Vision 2050, by the year 2050, Tanzania aims to attain upper-middle-income country status, with a Gross Domestic Product (GDP) of approximately one trillion US dollars and an average per capita income of 7,000 US dollars per year.

This is a major economic and social goal that requires significant reforms in the economic, investment and business sectors, which are fundamentally the main engines of modern economic growth.

To achieve these targets, Tanzania must increase its economic growth rate from the current average of 5–6 per cent to at least 7–8 per cent per year over the next three decades.

One key area that requires attention is improving the investment climate in order to attract both ...