Tanzania: Over 850m/ - to Be Used On Business Formalisation

PROPERTY and Business Formalisation Programme (MKURABITA) is set to run a survey on land resource and business formalisation status in the country that will cost 850m/-. The idea came after previous research results showed remarkable growth in gross domestic product and at the same time the rise in poverty rate to individuals.

The Programme Chief Executive Officer (CEO), Ms Serapia Mgembe revealed that the latest 2005 findings showed that 89 per cent of land resource and 98 per cent of business were on informal system.

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