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oa African Review - Tanzania's policies on private foreign investment

Volume 4, Issue 1
  • ISSN : 0002-0117

 

Abstract

The foundations of Tanzania's present policies on private foreign investments are laid down in the Arusha Declaration which was issued by Tanzania's ruling party. TANU, in February 1967. The Arusha Declaration called for socialism and self-reliance and declared that the State must have effective control of the major means of production. After the Arusha Declaration a substantial number of foreign owned banks, trading companies, industrial companies, etc., were nationalized. In many companies not all the shares have been taken over by Tanzania; the Government has been satisfied with 50 or 60 per cent of the shares.

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/content/afre/4/1/AJA00020117_63
1974-01-01
2019-10-21

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