 | | |
| | | |
About Tanzania
Tanzania is an East Africa country located between Longitudes 290 and 410 East and Latitudes 10 and 120 South. It shares its borders with Burundi, Kenya, Malawi, Mozambique, Rwanda, Uganda, Zambia and the Indian Ocean with a coastline length of 1,424 km. Tanzania is the largest nation in East Africa, both in land area and population. Population is estimated at forty million persons.
The Government of the United Republic of Tanzania is a unitary republic formed by the union of Tanganyika and Zanzibar in 1964. There are two governments: the Union Government and the Government of Zanzibar. The Constitution of the United Republic of Tanzania (1977) provides that Tanzania aims at building a democratic society founded on the principles of freedom, justice, fraternity and concord, in which the Executive is accountable to a legislature composed of elected members and representatives of the people. Tanzania is free of ideological confrontations, ethnic problems and labour disputes. It is a centre of economic and political stability in Sub Saharan Africa.
Tanzania has put in place investment incentives for the exploration and mining industries which have jumpstarted this sector over the last decade. The government is in the process of reviewing the current mining laws and some changes are expected. It is anticipated that the Government may insist on a carried interest on all projects and/or an increase in the payable Royalty from the current 3%.
| | | |
