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Enhancing Business Environment & Investment Climate: Keys to Competitiveness

Discover key components of a friendly business environment & investment climate for attracting and retaining investments. Explore policy frameworks, infrastructure, utilities, skills, finance access, and more.

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Enhancing Business Environment & Investment Climate: Keys to Competitiveness

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  1. BUSINESS ENVIRONMENT AND INVESTMENT CLIMATE FOR COMPETITIVENESS REPOA RESEARCH WORKSHOP 2018, 5TH APRIL Professor Prosper Ngowi; pngowi2002@yahoo.com +255 754 653 740 1

  2. Introduction & context • Friendly, attractive and conducive business environment and investment climate • For attracting investments and business: Eg. ISI, EOI • For retaining investments and business • They determine, influence and move and shake what happens and what does not happen in the world of business and investment

  3. Components of Business Environment and Investment Climate • Policy, legal and regulatory frameworks: To give investors/captains and titans of the industry the confidence needed to commit their capital: Colossal, long-term, borrowed: Predictability • Starting a business • Labour mrk regulations – work permits; too much protection of workers/strong trade unionism • Infrastructure – Hard/traditional/orthodox and soft = Quantity and quality: Roads, ports, airports, railways

  4. Components … • Utilities: power, water: Quality, cost, reliability • Fiscal matters: Number and rates, refunds, easy of payment, incentives, predictability • Skills and talents in the labour force – including soft skills – trust, team work, creativity, innovation, confidence, communication skills etc • Access to finance – long term/structured finance; • n

  5. Components… • Construction permits; regulations; business premises; • Cross border trade – tariff and NTBs, • Enforcing contracts; • WB Doing Business Reports; TPSF (Business Leaders Perception on Doing Business in Tanzania; OECED Africa Report • NB – Business and investment climate at LGA level, for all private sector – local/foreign; formal/informal and all sizes – MSM and Large enterprises

  6. The End Thank

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