DAR ES SALAAM, Feb. 4 -- THE Business Registrations and Licensing Agency (BRELA) is accelerating business formalisation in Tanzania, creating opportunities for youth and strengthening the countrys 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 Ind...