The legislation governing investment as stipulated in the Tanzania investment policy do not apply to Zanzibar. Zanzibar has her own legislation on investment activities and has developed its own investment policy document, which was put into operation starting 2003. Zanzibar is determined to institute an acceptable legal and regulatory framework that will increase and sustain confidence of the business community. In order to improve efficiency and creating supportive environment for investment and trade, the Government of Zanzibar (GOZ) enacted the Zanzibar Investment and Protection Act 2018. The Act merged three institutions responsible for investment to establish the Zanzibar Investment Promotion Authority (ZIPA) to act as a focal point for promotion and facilitation of investment and trade in Zanzibar. The purpose was to make Zanzibar an attractive and competitive investment destination regionally and globally.

    ZIPA has a long-term cooperation with international institutions and works together with them to promote and encourage investment. Organizations like UNIDO, UNDP, MIGA, WAIPA and UNCTAD have worked with ZIPA for many years to improve the investment climate.

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