ABSTRACT
This chapter explains the relationship between business and government in forging economic growth and development in Tanzania. The chapter adopts a qualitative approach of the disciplines of business management, political science, economics, and organizational management to explore business and government relations in Tanzania. The issue that two decades of nationalization and the village oriented (Ujamaa) policy of Julius Nyerere neither helped launch Tanzania into economic prosperity nor ensured its economic self-reliance is now hardly a matter for contention. Commercial dispute settlement and arbitration is dealt within the 1997 Investment Act, which has yet to be updated. Contract enforcement is codified in the Law of Contract Act, 1961, which also has not been updated. The new 2002 Companies Act, which came into effect in 2006, repealed the Companies Ordinance. As strategic priorities, both tourism and fishing have been governed by outdated laws which were drawn up in a less internationally competitive market.
