TICGL

| Economic Consulting Group

TICGL | Economic Consulting Group
What We Do — TICGL
Tanzania Investment and Consultant Group Ltd

What We Do

TICGL is the firm governments, investors, and development partners turn to when starting a business, investing, or launching a project in Tanzania has to survive real scrutiny. We deliver bankable feasibility studies and due diligence, get you registered and operating on the ground — permits included — and build the market intelligence that underpins all of it, on the same research discipline behind our affiliate institute, TERI.

WhatsApp: +255 734 862 343  ·  Email: economist@ticgl.com

15+
Years of Excellence
500+
Projects Completed
200+
Global Clients Served
98%
Client Satisfaction
Research You Can Read For Free

TICGL & TERI

TERI (Tanzania Economic Research Institute) is our affiliate research institute, publishing independent, evidence-first research on Tanzania's economy for investors and businesses alike.

Visit TERI →

Common Questions

How do I start a business or invest in Tanzania?

We manage company registration, sector licences, TIC's Certificate of Incentives, and work/residence permits as parallel workstreams. See Market Entry & Setup →

What permits do foreign investors need?

Typically a work permit from the Labour Commissioner and a residence permit from Immigration, alongside TIC registration where the investment qualifies.

Does TICGL do feasibility studies for PPP projects?

Yes — including Boko Dawasa Bus Terminal, Msasani Fish Market, Arusha SWM, and Muhimbili National Hospital. See Feasibility Studies →

Does TICGL carry out due diligence before an acquisition?

Yes — financial, legal, commercial, operational, counterparty, and land/ESG due diligence. See Due Diligence →

Feasibility Studies

Six dimensions, one verdict: fundable or not

We don't write feasibility studies to justify a decision that's already been made. We build them to withstand a lender's underwriting committee, a co-investor's due diligence, and a PPP Centre review — on the first pass.

01

Market & Demand

Size, growth, and structure of real demand for the proposed investment.

02

Technical & Operational

Whether the project can physically and operationally be delivered as designed.

03

Financial & Economic

NPV, IRR, WACC, payback period, sensitivity and scenario analysis.

04

Legal & Regulatory

Compliance with sector licensing and the PPP Act (Cap. 103, GN No. 37/2020).

05

Environmental & Social

EIA screening, resettlement and community-impact safeguards.

06

Risk Assessment

Risk register, probability/impact matrix, mitigation and contingency planning.

Proven on Real PPP Transactions

We've delivered Full Feasibility Studies for the Boko Dawasa Bus Terminal PPP (Kinondoni), the Msasani Fish Market PPP redevelopment (Kinondoni), Arusha City Council's solid waste management PPP, and the Muhimbili National Hospital private-wing PPP (USD 19.9M, 33-year BOT) — plus a feasibility study on establishing reinsurance operations in Tanzania. This isn't a capability we claim. It's a track record you can check.

Due Diligence

What a pitch deck won't show you, due diligence will

Before capital moves — an acquisition, a joint venture, a new local partner, or an equity stake in an existing business — TICGL verifies what's actually there: the numbers, the paperwork, the counterparty, and the risk a rushed deal would miss.

01

Financial Due Diligence

Verification of financial statements, cash flow, outstanding debt obligations, and tax compliance history.

02

Legal & Regulatory

Corporate registration status, licences held, litigation history, and existing contractual obligations.

03

Commercial Due Diligence

Market position, customer concentration, and exposure to competitive or regulatory shifts.

04

Operational & Technical

Asset condition, operational capacity, and dependency on specific suppliers or infrastructure.

05

Counterparty & Integrity

Beneficial ownership verification, sanctions and PEP screening, and reputational checks on partners and management.

06

ESG & Land Due Diligence

Environmental liabilities, resettlement or social history, and land tenure and title-chain verification.

Often Run Alongside a Feasibility Study

Due diligence and feasibility answer different questions: a feasibility study asks whether a new project should go ahead; due diligence asks whether an existing business, asset, or partner is what it claims to be. When a client is evaluating an acquisition or joint venture rather than building from scratch, TICGL frequently runs both as parallel workstreams, drawing on the same sector expertise and data architecture behind our feasibility and market research work.

Market Entry & Setup

We don't hand you a checklist. We run the workstreams.

Registration, licensing, permits, and go-to-market strategy move at the same time, not one after another — because sequencing them is the single biggest reason business establishment in Tanzania takes longer than it should.

Getting your business on the ground

Registration & Approvals

Company registration & regulatory approvals

Company registration and incorporation (BRELA), TIN registration, and every sector-specific permit or licence your business requires.

Partner, Site & Banking

Local partner, site & banking setup

Local partner and supplier identification, office or site acquisition, and banking and financial setup support.

Market Strategy

Market entry strategy

An entry strategy built for your sector and entry mode — subsidiary, joint venture, representative office, or distributorship.

Orientation

Cultural & business orientation

Cultural orientation and business etiquette guidance built into onboarding from day one, not learned by trial and error.

Permits & approvals we handle for you

Establishing or investing in a business in Tanzania as a foreign national means clearing several permit tracks — often in parallel with each other and with company registration. TICGL manages this end to end, so you're not learning the system while you're trying to operate in it.

Investment Certificate

TIC Certificate of Incentives

Registration with the Tanzania Investment Centre (TIC) for qualifying projects, unlocking investor incentives and a facilitated route for work and residence permit applications.

Work Permits

Work permits for owners, investors & staff

Work permit applications for business owners and investors, and for foreign employees whose skills are not readily available in the local labour market — submitted to the Labour Commissioner before entry into Tanzania.

Residence Permits

Residence permits for investors, staff & dependants

Residence permit applications through the Immigration Department — covering investors and business owners, employed staff, and dependants — including TIC's facilitated online window for registered investors.

Sector & Local Approvals

Sector licences, EIA & local government permits

Sector-specific operating licences (financial services, health, manufacturing, and more), NEMC environmental approvals where required, and the local government business licence for your operating location.

Entry-Mode Selection Comes First

Before any workstream begins, TICGL works through entry-mode selection with the client — wholly-owned subsidiary, joint venture, representative office, or agency/distributorship — weighing capital commitment, control, local-partner value, and regulatory sensitivity for the specific sector. This choice determines which permit track and which workstream carries the most risk, and therefore the most attention.

Market Research

Intelligence that decisions worth millions can stand on

Every market research deliverable draws on the same standing data architecture that feeds TERI's published research — not a survey commissioned once and forgotten.

Primary data

Structured stakeholder interviews, consumer/business surveys, site visits, and direct consultation with regulators and sector associations.

Secondary & institutional data

Bank of Tanzania (BoT), National Bureau of Statistics (NBS), Tanzania Revenue Authority (TRA), Tanzania Investment Centre (TIC), Capital Markets and Securities Authority (CMSA), World Bank Open Data/IDA, and IMF Article IV reports.

  • Competitive landscape assessment — mapping players, market share, barriers to entry
  • Consumer behaviour & demand analysis — the real addressable demand, not a headline GDP proxy
  • ARIMA forecasting & regression modelling for sector trends and macro indicators
  • Import/export data analysis for trade-dependent sectors
Fed by TERI's Standing Roundtable

TERI convenes fellows across 8 standing research pillars who argue draft findings through structured critique before anything carries the institute's name. Every TICGL market research deliverable is held to that same standard. Visit TERI →

How We Work

How We Work

Whichever of the four areas above an engagement starts from, it moves through the same six disciplined stages — every time.

01

Discovery & Consultation

We understand your objectives, constraints, and market context before we scope the mandate.

02

Data Architecture

We collect primary and secondary data from authoritative national and international sources.

03

Analytical Modelling

Econometric modelling, ARIMA forecasting, scenario and risk analysis.

04

Solution Development

Customised strategies, business plans, and recommendations you can act on.

05

Dissemination

Reports, policy briefs, and dialogue events with specific, implementable recommendations.

06

Implementation Support

Hands-on support through execution, regulatory navigation, and ongoing monitoring.

Sectors

Sectors We Serve

The same methodology is applied across eight priority sectors — matching TERI's eight standing research pillars.

AG

Agribusiness & Food Processing

Value chains, productivity, food security, rural finance

MF

Manufacturing & Industrialization

SME support, export manufacturing, SEZ policy

EN

Energy & Natural Resources

Power reform, renewables, PPP financing, mining

DG

Technology & Digital Economy

Fintech, digital payments, ICT policy, e-commerce

RE

Real Estate & Urban Development

Urban planning, housing finance, PPP pipelines

HC

Healthcare & Social Sectors

Health financing, universal coverage, facility planning

FS

Financial Services & Capital Markets

Banking, capital markets, pensions & insurance, DFIs

TR

Tourism & Hospitality

Tourism recovery, hospitality investment, MICE

Why TICGL

Why Clients Choose TICGL

Research-first identity

Every recommendation is powered by original, peer-quality research — the same discipline that underpins TERI's published work. We don't hand out templated advice.

Tanzania & East Africa depth

Years of in-country research and advisory work, including direct engagement with the PPP Centre (PPPC), Bank of Tanzania, and TIC — depth that can't be improvised.

Independence & credibility

Our analysis is objective and editorially independent, with no commercial conflict of interest embedded in our conclusions. Ever.

Policy-to-practice link

Every engagement connects to Tanzania's FYDP IV (2026/27–2030/31) and Dira 2050 agenda — so your project moves with the country's direction, not against it.

"A feasibility study is only as bankable as the research behind it. Due diligence only protects you if it looks past the pitch deck. Market entry only works if it's planned as parallel workstreams, not a queue. That is the standard we hold every engagement to."

— Tanzania Investment and Consultant Group Ltd (TICGL)

TICGL & TERI

One research discipline, two fronts

TERI (Tanzania Economic Research Institute) is TICGL's affiliate research institute — where the same evidence-first discipline behind every client engagement is applied to publishing independent research on Tanzania's economy, open to investors, businesses and the public.

Why it matters to you

TERI's published research — on macroeconomics, sectors, and policy — gives investors and businesses a free, credible read on Tanzania's economy, independent of any single client mandate.

How it's built

Fellows across 8 standing research pillars argue draft findings through structured critique before anything is published — the same rigour that feeds every TICGL feasibility study and market research deliverable.

One Institution, Two Fronts

TICGL is the advisory practice — feasibility studies, due diligence, market entry, and client-commissioned research. TERI is the research institute publishing independently on Tanzania's economy. Different audiences, same data architecture and analytical standard.

Get in Touch

Ready to Start the Conversation?

Whether it's a feasibility study, due diligence, business establishment in Tanzania, or a market research question — reach out and we'll put the right specialist on it.

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