Africa-Press – Tanzania. THE Business Registrations and Licensing Agency (BRELA) is accelerating business formalisation in Tanzania, creating opportunities for youth and strengthening the country’s formal economy.
In just over three months under the Sixth Phase Government, BRELA has registered 4,233 companies, including 2,915 owned by young entrepreneurs. Additionally, 7,498 business names have been recorded, 4,742 of them belonging to youth. Trademark registration has also surged, with 881 service and trademarks formally registered.
In the industrial sector, 141 licenses have been issued, 129 of them to youth, while 4,907 Category ‘A’ business licenses have been granted, more than half owned by young entrepreneurs.
Minister of Industry and Trade, Ms Judith Kapinga, said the results reflect the government’s commitment to a competitive and inclusive economy.
“Formalising a business is not a burden. It is a gateway to growth, enabling entrepreneurs to access loans, participate in tenders, and trade legally at home and abroad,” she said during a recent press conference detailing the implementation of the President’s pledges and key achievements.
Ms Kapinga noted that the increase in registered businesses is attributed to BRELA’s public awareness campaigns through radio and television programmes, seminars and exhibitions, which have encouraged more entrepreneurs, particularly youth to formalise their ventures.
“We are seeing more young people owning registered businesses, fair competition is improving, and this is generating jobs, increasing government revenue and boosting overall economic productivity,” Minister Kapinga added.
In addition, the government has implemented legal and regulatory reforms to reduce bureaucracy and costs that previously hindered entrepreneurs.
“These measures are opening new economic opportunities for special groups and transforming the informal economy into a foundation for sustainable growth and investment,” she said.
Moreover, she said through BRELA’s efforts, the nation is building a solid base for an economy that engages more citizens, enhances productivity and fosters fair competition.
“These initiatives have strengthened the business environment, safeguarded innovation and created employment opportunities for youth. President Samia’s first 100 days mark a strong start, signalling new opportunities and growth for Tanzanian businesses and entrepreneurs,” Minister Kapinga noted.
