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PwC Tanzania
The East African Cooper Brothers and Company was established in 1947 following the merger of two existing firms. Over time, further mergers led to the firm’s name changing to Coopers & Lybrand in 1957 and eventually to PricewaterhouseCoopers (PwC) in 1998.
PwC Tanzania has 8 partners and over 290 staff working from offices in Dar es Salaam and Arusha, including 49 new graduates taken on during 2024. Apart from the training received whilst working with the firm in Tanzania, we also develop our people by deploying them on secondments overseas—for example, in 2024, we have 10 Tanzanians working on long-term secondments in other PwC offices (Africa and Europe).
Message from our Country leader
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 61.7 million in 2022 (according to Tanzania’s National Bureau of Statistics (“NBS”). 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.
