Our in-depth knowledge and understanding of African operating environments enables us to put ourselves in our clients' shoes.
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1947 was the formation date of the East African firm of Cooper Brothers and Company, which was an amalgamation of two existing firms, the oldest of which first opened an office in Dar es salaam in 1925. Subsequent mergers resulted in changes of name to Coopers & Lybrand (in 1957) and then to PricewaterhouseCoopers (PwC) (in 1998).
As at September 2019 PwC Tanzania had 9 partners and close to 250 staff working from offices in Dar es Salaam and Arusha. Graduate intake in recent years has averaged approximately 30 new graduates per year. Apart from training received whilst working with the firm in Tanzania, we also develop our people by deployment on secondment overseas - for example as at September 2019 we had 18 Tanzanians working on long term secondments in other PwC offices (both elsewhere in Africa and in Europe).
Located on the eastern part of Africa, bordering the Indian Ocean between Kenya and Mozambique, Tanzania is a gateway to several countries with whom it shares borders (including Burundi, the Democratic Republic of Congo (“DRC”), Malawi, Rwanda, Uganda, and Zambia).
Its rich endowment of natural resources includes 16% of the total land area occupied by wild life, national parks and game reserves, a long stretch of shoreline on the Indian Ocean and large tracts of arable land, forests and woodland. Importantly, water comprises 59,509 sq. km of the country’s total area of 945,090 sq. km. Its range of mineral resources is broad including proven deposits of coal, diamonds, gemstones, graphite, helium, iron ore, gold, natural gas, phosphate, rare earths, tin, uranium and nickel. Not surprisingly, agriculture, mining and tourism are major focus areas for economic development. Longer term it is anticipated that the significant offshore natural gas deposits will be developed.
“Nurturing Industrialization for Economic Transformation and Human Development” is the key theme of Tanzania’s Development Vision 2025, which sets a target of 2025 for attainment of the status of a semi-industrialized middle income country. The industrialization imperative is seen as supported by comparative advantages (natural resource endowments, rapid urbanization, country-wide ICT backbone infrastructure), geographic location, and demographics. The role of the State is articulated as one of empowering the private sector to lead the industrialization process including commitment to a conducive business environment.
A major attraction, particularly for companies dealing in consumer goods and services, is the large consumer base bearing in mind a population estimated at approximately 58 million in August 2019 (according to United Nations estimates) and projected by Tanzania’s National Bureau of Statistics (“NBS”) to grow to 89 million by 2035, and by the Institut National d'études Démographiques (“INED”) to grow to 152 million by 2050 and to 303 million (8th largest in the world) by 2100. Apart from the immediate Tanzanian consumer base, an added attraction is the access to a wider market as a consequence of Tanzania’s membership of the East Africa Community (“EAC”) as well as of the Southern Africa Development Community (“SADC”). Despite a large population comprised of over 120 tribes, tribal identity is less pronounced than in most other African countries. All indigenous Tanzanians speak Kiswahili, the National language, and English is widely spoken.
PwC's a network of firms in 157 countries with more than 276,000 people who are committed to delivering quality in assurance, advisory and tax services.
Senior Associate, PwC Tanzania
Tel: +255 (0) 22 219 2843