Tanzania is more reliant on foreign direct investment than many other regional countries, given the size of its economy. READ MORENeighbouring Kenya - with a $61 billion economy - received slightly less than Tanzania, while South Africa - with a $313 billion economy - received $1.7 billion. 'LEVEL PLAYING FIELD'Many of the executives interviewed by Reuters said they were frustrated by increased tax demands that they say do not properly correspond to their incomes. Richard Kayombo, director of the Tanzania Revenue Authority (TRA), said increased tax income was needed to pay for new infrastructure in the country. The TRA won nine out of 10 recent tax cases in court, which showed their bills were fair, he added.

Source: Standard Digital November 29, 2016 08:53 UTC