Dar es Salaam, Feb. 14 -- DODOMA: THE National Assembly yesterday passed the Investment and Special Economic Zones Bill, 2024 by introducing significant changes to investment matters.

Among the changes, it includes merging the Tanzania Investment Centre (TIC) and the Export Processing Zones Authority (EPZA).

Following the merger of TIC and EPZA, a new entity known as the Tanzania Investment and Special Economic Zones Authority (TISEZA) is now formed. The authority will serve as a one-stop centre for investors, meaning that all investments will fall under one authority. The passed Bill repeals the previous acts—the Tanzania Investment Act, 2022 and the Special Economic Zones Act, 2002

Tabling the Bill in Parliament, the Minister o...