Prof. Matthew McCartney
This policy brief evaluates the evolution of Zanzibar's investment laws from 2018 to 2023, focusing on their alignment with international best practices. The 2023 Act, replacing the 2018 Act, introduces clearer and more concise regulations, affirming the state's role in supporting private-sector-led development. Key changes include enhanced autonomy for the Zanzibar Investment Promotion Authority (ZIPA), increased powers for investment evaluation and monitoring, and a controversial extension of tax incentives. The brief underscores the need for ZIPA to have both authority and autonomy and highlights areas for further research regarding the agency’s effectiveness and the impact of tax concessions.
