AGRICULTURE & HEALTH CARE EQUIPMENTS MANUFACTURING
[EIRI/EDPR/4689] J.C.: 2906INR
TANZANIA OVERVIEW
Tanzania is one of Africa's fastest growing economies, with diverse natural resources and a youthful population. USAID helps empower women and youth who are essential to the country's continued development but are among the most marginalized citizens. Women's salaries, for example, are on average 63 percent lower than those paid to men, while female-owned businesses make 2.4 times less profit. Youth under age 15 make up 45 percent of the country's population of 55 million. Increasing access to economic and educational opportunities for young people will go a long way in helping ensure prosperity for all.
OPPORTUNITIES
BUDGET OVERVIEW
Despite the economic challenges born from Russia’s war on Ukraine, an increase in commodity prices, and a stronger American dollar, the Tanzanian economy performed satisfactorily in 2022. President Samia Suluhu Hassan’s administration looks to sustain the growth nurtured throughout the implementation of the country’s 3rd Five-Year Development Plan (FYDP III) 2021/22 – 2025/26, while tackling the obstacles facing the economy. Real GDP growth was 4.7% compared to 4.9% in 2021. The growth of the GDP was mostly driven by agriculture (15.6%), construction (11.8%), and manufacturing activities (8.1%). In 2023, the GDP is projected to grow by 5.2% - catalyzed by growth of credit to the private sector, improving business and investment conditions, and the continued rebounding of the tourism sector.
KEY SECTOR HIGHLIGHTS
Agriculture – the 29.2% increased budget allocation to the Ministry of Agriculture should allow for reduced farming costs through subsidies, agricultural infrastructure development, improved productivity, seed production, and irrigation research.
Energy – strategic priorities include the National Grid Stabilization Project, the finalization of LNG project negotiations and the beginning of preparations for its implementation, and the improvement of the infrastructure for receiving, unloading, storage, and delivery of fuel in the Ports of Dar es Salaam, Mtwara, and Tanga.
Mining – several signed framework agreements and issued special mining licenses mean that there will be an uptake of mining activity in Tanzania in the medium term. The value of mineral exports rose by 20.1% in Q1 of 2023, compared to its corresponding period in the year before. New mining projects include gold, nickel, graphite, and rare earth minerals.
Infrastructure – various airport modernization projects are underway, with a focus on Dar es Salaam, Dodoma, and Southern Highlands Airports (Songwe and Njombe). The Ministry of Works & Transport has started the process of obtaining contractors for Engineering, Procurement, Construction and Financing (EPC + F) for construction of approximately 2,035 kilometers of roads.
COST ESTIMATION
Plant Capacity 50 Nos/Day
Land & Building (10,000 sq.mt.) Rs. 91.80 Lacs
Plant & Machinery Rs. 4.59 Cr
Working Capital for 2 Months Rs. 11.35 Cr
Total Capital Investment Rs. 17.77 Cr
Rate of Return 12%
Break Even Point 19%
CONTENTS
INTRODUCTION
TANZANIA OVERVIEW
OPPORTUNITIES
BUDGET OVERVIEW
KEY SECTOR HIGHLIGHTS
MARKET OVERVIEW
TANZANIA ECONOMY
INTRODUCTION TO THE ECONOMY OF TANZANIA
THE TANZANIAN ECONOMY IN 2022, 2023, AND BEYOND
TANZANIA KEY ECONOMIC SECTORS
TANZANIA INFLATION
TANZANIA EXCHANGE RATES
TANZANIA BALANCE OF TRADE
TANZANIA NATIONAL DEBT
TANZANIA FOREIGN DIRECT INVESTMENT (FDI)
INDUSTRIALIZATION
TANZANIA 2025 VISION:
TANZANIA GOVERNMENT’S PRIORITY:
RULES ®ULATIONS IN TANZANIA
TANZANIAN FINANCE ACT, 2023 ANALYSIS
DIGITAL SERVICE TAX (DST)
INCOME TAX ON REALIZATION OF INTEREST IN LAND OR BUILDING
INCOME TAX EXEMPTION
PRESUMPTIVE TAX REGIME
VALUE-ADDED TAX (VAT)
VAT DEFERMENT ON CAPITAL GOODS
ELECTRONIC SERVICES
ZERO-RATED SUPPLIES
INPUT TAX CREDIT
VAT EXEMPTIONS
IMPORTS AND SUPPLIES OF THE FOLLOWING ITEMS ARE EXEMPTED FROM VAT:
TAX ADMINISTRATION ACT
PRIMARY DATA SERVER
APPLICATION FOR REFUND
STORAGE FACILITY
THE FOLLOWING DEFINITIONS ARE PROVIDED WITH RESPECT TO A STORAGE FACILITY
FINE FOR FAILURE TO USE FISCAL DEVICE
DISCLOSURE OF INFORMATION ON CONTRACTED SERVICES
EXCISE (MANAGEMENT AND TARIFF) ACT
PERIODIC ADJUSTMENTS
ADJUSTMENT OF EXCISE DUTY RATE
VOCATIONAL EDUCATION AND TRAINING ACT
THE FOLLOWING CHANGES HAVE BEEN MADE WITH RESPECT TO SKILLS DEVELOPMENT LEVY (SDL).
CHANGES IN OTHER LAWS
THE ACT HAS ALSO AMENDED THE FOLLOWING LAWS:
MINING ACT
GAMING ACT
EXPORT TAX ACT
ELECTRONIC AND POSTAL COMMUNICATIONS ACT
NATIONAL PAYMENT SYSTEMS ACT
LOCAL GOVERNMENT FINANCE ACT
LOCAL GOVERNMENT AUTHORITIES (RATING) ACT
APPLICABLE RATES FOR PROPERTY TAX ARE INCREASED AS FOLLOWS:
ROAD AND FUEL TOLLS ACT
FOREIGN VEHICLES TRANSIT CHARGES ACT
IMPORTANT REGULARITIESORGANIZATION/BODIES IN TANZANIA
AGRICULTURAL MACHINERY AND TECHNOLOGY & THEIR USAGE
PLOUGH
COMBINE HARVESTER
ROTAVATOR OR ROTARY TILLER
DISC HARROW
LEVELER
FINAL PRODUCT
PLOUGH
SEEDER
PLANTER
HARVESTER
CROP DUSTER
SPRAYER
LIST OF 10 LAND PREPARATION MACHINERY
1. LEMKEN MELIOR
2. JOHN DEERE POST HOLE DIGGER
3. MAHINDRA GYROVATOR ZLX
4. JOHN DEERE GREENSYSTEM SUBSOILER TS3001
5. MAHINDRA POST HOLE DIGGER
6. MAHINDRA MOULDBOARD
7. MAHINDRA DISC HARROW
8. MAHINDRA GYROVATOR ZLX 125
9. MAHINDRA DISC PLOUGH
10. JOHN DEERE DUCKFOOT CULTIVATOR
LEADING AGRICULTURE EQUIPMENT INDUSTRY PLAYERS
1. JOHN DEERE
2. CNH INDUSTRIAL N.V.
3. AGCO CORPORATION
4. CLAAS KGAA MBH
5. CHANGZHOU DONGFENG AGRICULTURAL MACHINERY GROUP CO., LTD.
6. LOVOL HEAVY INDUSTRY CO., LTD.
7. CHANGFA AGRICULTURAL EQUIPMENT CO., LTD
8. YTO GROUP CORPORATION
9. SDF GROUP
10. SHANDONG CHANGLIN GROUP
MANUFACTURING PROCESS
LIST OF MACHINERY & EQUIPMENTS AVAILABLE IN EXISTING INFRASTRACTURE
PLANT & MACHINERY MANUFACTURER
VESSEL SUPPLIERS
MIXER
COLOURS OR MOULDING COMPOUND
SUPPLERS OF OTHER RELATED PLANT & MACHINERY
BOBBIN WINDER
HOT WATER BATH
VESSEL
SUPPLIERS OF RAW MATERIALS
PROJECT LOCATION: COUNTRY
GEOGRAPHY
AREA AND POPULATION
CLIMATE
THE CAPITAL CITY
ADMINISTRATIVE REGIONS AND DISTRICTS
CULTURE
POLITICS
CLIMATE
THE CAPITAL CITY
ADMINISTRATIVE REGIONS AND DISTRICTS
CULTURE
POLITICS
DOCUMENTS REQUIRED FOR LICENSES
LIST OF DOCUMENTS:
PRINCIPLES OF PLANT LAYOUT
STORAGE LAYOUT:
EQUIPMENT LAYOUT:
SAFETY:
PLANT EXPANSION:
FLOOR SPACE:
UTILITIES SERVICING:
BUILDING:
MATERIAL-HANDLING EQUIPMENT:
RAILCOADS AND ROADS:
MAJOR PROVISIONS IN ROAD PLANNING FOR MULTIPURPOSE SERVICE ARE:
PLANT LOCATION FACTORS
PRIMARY FACTORS
1. RAW-MATERIAL SUPPLY:
2. MARKETS:
3. POWER AND FUEL SUPPLY:
4. WATER SUPPLY:
5. CLIMATE:
SPECIFIC FACTORS
6. TRANSPORTATION:
7. WASTE DISPOSAL:
8. LABOR:
9. REGULATORY LAWS:
10. TAXES:
11. SITE CHARACTERISTICS:
12. COMMUNITY FACTORS:
13. VULNERABILITY TO WARTIME ATTACK:
14. FLOOD AND FIRE CONTROL:
EXPLANATION OF TERMS USED IN THE PROJECT REPORT
DEPRECIATION:
FIXED ASSETS:
WORKING CAPITAL:
BREAK-EVEN POINT:
OTHER FIXED EXPENSES:
MARGIN MONEY:
TERM LOANS:
TOTAL LOAD:
LAND AREA/MAN POWER RATIO:
UTILITIES
POWER
WORKING
TOTAL MANPOWER AND PAYROLL
UTILITIES
LABORATORY TESTING EQUIPMENTS
SWOT ANALYSIS
STRENGTHS
WEAKNESSES
OPPORTUNITIES
THREATS
ORGANIZATION CHART
PLANT LATOUT
IMPLEMENTATION SCHEDULE
APPENDIX – A:
01. PLANT ECONOMICS
02. LAND & BUILDING
03. PLANT AND MACHINERY
04. OTHER FIXED ASSESTS
05. FIXED CAPITAL
06. RAW MATERIAL
07. SALARY AND WAGES
08. UTILITIES AND OVERHEADS
09. TOTAL WORKING CAPITAL
10. TOTAL CAPITAL INVESTMENT
11. COST OF PRODUCTION
12. TURN OVER/ANNUM
13. BREAK EVEN POINT
14. RESOURCES FOR FINANCE
15. INSTALMENT PAYABLE IN 5 YEARS
16. DEPRECIATION CHART FOR 5 YEARS
17. PROFIT ANALYSIS FOR 5 YEARS
18. PROJECTED BALANCE SHEET FOR (5 YEARS)
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