Amran Bhuzohera
Managing Director and Chief Economist at TICGL, and head of the Tanzania Economic Research Institute (TERI). Applied, data-driven policy research for Tanzania and East Africa.
TICGL · TERI · Data Driven Centre · Dar es Salaam, Tanzania
About Amran Bhuzohera
Amran Bhuzohera is a prominent Tanzanian economist, researcher and investment consultant based in Dar es Salaam. He is Managing Director and Chief Economist at Tanzania Investment and Consultant Group Ltd (TICGL), and leads its research division, the Tanzania Economic Research Institute (TERI).
He has more than 10 years of experience in macroeconomic analysis, policy research and data-driven business advisory across East Africa. TICGL works across economic research, PPP advisory, investment facilitation and strategic consulting for governments, development finance institutions and private investors.
His experience spans economic analysis, East African development and work with international organisations. He is a PhD candidate whose research examines how economic policy, finance, investment, technology and institutions shape inclusive development in Tanzania and East Africa. He delivers economic insight in both English and Swahili, linking global investors with local stakeholders.
Key areas of focus
Macroeconomic trends
Long-term forecasting, debt sustainability and public finance, with regular analysis on Tanzania's Vision 2050 and structural economic shifts.
MSME capital and financing
Principal author of the TICGL Tanzania Entrepreneurship Profile, a diagnostic of how capital is distributed across more than 5 million small and medium enterprises.
Investment and infrastructure advisory
Advice to private investors, development finance institutions and government on project finance, public-private partnerships (PPPs) and blended finance.
Fiscal policy and local government revenue
Tax base expansion, own-source revenue strategies for urban local authorities, and the link between taxation and investment.
Research interests and themes
Economic policy and development
Growth and structural transformation, development planning, fiscal policy and domestic resource mobilisation, public debt, diversification, inclusive growth and employment.
Finance and capital markets
Banking-sector development, financial inclusion, government securities, crowding-out, pension funds and long-term savings, corporate bonds, DSE development, PPPs and infrastructure finance.
Business and enterprise development
SMEs, access to finance, tax and regulatory constraints, formalisation, technology adoption, competitiveness and business survival. A TICGL study interviewed 167 companies across agriculture, forestry, fisheries and other sectors.
Technology and labour markets
Artificial intelligence and employment, digital transformation, skills development, the future of work, and links between innovation and growth.
Selected advisory and research work
Tax policy and revenue
Blueprint for the 2026/27 budget on tax base expansion; analysis of the 30% corporate tax rate and Finance Act effects on investment; policy dialogue with TRA on digital compliance and fair enforcement.
Fiscal concentration
Research showing Dar es Salaam contributes about 70% of national tax revenue, with recommendations for regional revenue diversification.
Informal sector integration
Strategies to bring about 1.8 million informal SMEs into the formal tax economy; the SME Development Research Survey (2024 to 2030).
Bankability and feasibility
Full feasibility studies, financial modelling, risk analysis and transaction advisory for PPP projects in solid waste, transport terminals, markets, fish markets and hospitals, tested against the PPP Act and regulations.
PPP policy and investors
Governance and communication frameworks for the Tanzania PPP Centre, supporting the USD 16.35 billion portfolio of 21 projects across 8 sectors (2025 to 2030).
Own-source revenue
Diagnostics and revenue enhancement strategies for urban authorities, including work under the PO-RALG / World Bank TACTIC project and analysis across all 185 local authorities.
Debt, exchange rate and capital markets
External debt sustainability, shilling stability, the current account and the government securities market.
Investment climate
Evidence for the Tanzania Investment Centre (TIC) from a survey of 150 investors on regulatory stability and investor confidence.
Policy dialogue
Participation in the National Planning Commission's April 2026 high-level event on demographic intelligence, health systems and sustainable development.
Selected research and publications
Recent analysis from the TICGL and TERI research programme, published on TICGL Insights:
- Tanzania Business Report, September 2026
- Can Tanzania's Local Governments Be Both Service Providers and Commercial Investors?
- The 15 to 30% Premium: How Import Dependence Inflates Tanzania's Construction Costs
- Tanzania's Housing Gap to 2030: 3.8 Million Units Short Today
- Blueprint for Tanzania's 2026/27 Budget: Expanding the Tax Base
- Tanzania External Debt Trajectory Analysis: Trends, Risks and Sustainability
- Economic Effects of Tax Laws on Investment in Tanzania
Amran's analysis is also featured in local and international media, including Forbes Africa, on topics such as Tanzania's push for an International Financial Centre in Dar es Salaam.
Research approach
The work is applied and data-driven. It combines official statistics, macroeconomic analysis, business and investment data, policy evaluation, private-sector perspectives and international comparisons, and ends in practical recommendations for institutional reform. One question runs through it: how does policy design change real economic outcomes?
Policy design → investment conditions → private-sector activity → jobs and growth
Wasifu kwa Kiswahili
Amran Bhuzohera ni mchumi, mtafiti na mshauri wa uwekezaji wa Tanzania anayeishi Dar es Salaam. Ni Mkurugenzi Mkuu na Mchumi Mkuu wa Tanzania Investment and Consultant Group Ltd (TICGL) na anaongoza taasisi yake ya utafiti, Tanzania Economic Research Institute (TERI).
Ana uzoefu wa zaidi ya miaka 10 katika uchambuzi wa uchumi jumla, utafiti wa sera na ushauri wa biashara na uwekezaji Afrika Mashariki. Kazi zake zinahusu mwenendo wa uchumi, madeni na fedha za umma, mitaji ya wajasiriamali wadogo na wa kati, pamoja na ushauri wa miradi ya ubia kati ya sekta ya umma na binafsi (PPP). Pia anafanya utafiti kuhusu masoko ya mitaji, benki na ujumuishi wa kifedha, kodi, na athari za akili bandia (AI) kwenye ajira. Ni mtafiti wa shahada ya uzamivu (PhD).
Frequently asked questions
Who is Amran Bhuzohera?
A Tanzanian economist, researcher and investment consultant in Dar es Salaam, and Managing Director and Chief Economist at TICGL, where he leads TERI.
What does Amran Bhuzohera work on?
Macroeconomic trends and forecasting, debt sustainability and public finance, MSME financing, capital markets, taxation, AI and jobs, and investment and infrastructure advisory including PPPs, feasibility studies and blended finance.
Can he be invited to speak or comment for media?
Yes. Send media, speaking and advisory enquiries to economist@ticgl.com.
How can I contact Amran Bhuzohera?
Email amran@ticgl.com or economist@ticgl.com, call +255 768 699 002, or visit ticgl.com.