Digitalization and Entrepreneurship in Tanzania

Entrepreneurship — Tanzania has had a number of initiatives launched in both the public and private sectors that have been developed to foster entrepreneurship, decent work and economic growth; these initiatives have provided opportunities for employment and creation of jobs through education, skills development and access to financing programs. This is particularly important given the country’s rapidly growing population, where more than tho-thirds of the population under the age of 25 and a quarter of those in the 15–34 age bracket are underemployed (World bank report, 2017).

Summary of policies geared towards promoting youth entrepreneurship in Tanzania

- The National Employment Policy, Gender and Women Development Policy, Cooperative Development Policy and National Environmental Policy, National Trade Policy — the policy areas include: Consolidation of financial sector institutions and deepening of financial instruments, Enhancing micro-enterprise financing and long-term finance of SMEs, Improving commercial dispute resolution to lower high risks in lending due to culture of default, Development of a competitive domestic consulting industry

- The Sustainable Industrial Development Policy (SIDP) — places specific emphasis on promotion of small and medium industries by supporting existing and new industries in…