DAR ES SALAAM — The Tanzania Private Sector Federation (TPSF) and the Confederation of Tanzania Industries (CTI) welcomed several business and tax reforms in Tanzania's 2026/27 Budget, including faster VAT refunds, investment incentives, and regulatory simplification. However, private sector leaders said economic growth will need to accelerate from the targeted 6.3% in 2026 to more than 10% annually to achieve the Tanzania Development Vision 2050 goal of becoming a USD 1 trillion economy.
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