Manufacturing Industry
Tanzania aims to become a middle-income economy and semi-industrialized country by 2025, for which the contribution of manufacturing to the national economy must reach a minimum of 40% of the GDP. To achieve this, Tanzania aims to transform from being dominated by natural resource exploitation activities and extractive industries to become an economy with a broad and diverse base of manufacturing, processing and packaging industries. Industrialization is among the key goals of Tanzania’s fifth phase government.
The manufacturing industry in Tanzania is known for supply cost fluctuations, government regulations and varying economic conditions. It also faces many other challenges, including increasing safety regulations, cost structures and environmental issues. Keeping track of changes in the manufacturing sector can be daunting but keeping on track to hit profit targets can present another set of challenges. dynamics
Helping our manufacturing clients keep ahead of the curve is what we do best at Nexia SJ Tanzania. Our experienced team of professionals work with you and your team to implement enhancements that help you stay aware of industry changes to stay profitable and keep ahead of the competition.
Our team of specialists with experience of working in the manufacturing industry demonstrate an inherent understanding of the industry and provide expertise to help clients address critical business issues. We deliver a distinctive offering of professional services that are integrated and collaborative in scope and represent various facets of the manufacturing industry. We go beyond traditional tax and audit services to become more than just your accounting firm, we work to become an integral part of your manufacturing business.
Areas where we can help you:
- Audit Services
- Financial Due Diligence
- Consultation on Complex Accounting Issues
- Small Business Advisory Services
- Tax services and Tax compliance
- Taxation Advise & Best Practice Implementation
- Compiling Annual Accounts for your Business
- Management Accounts & Reports
- Cash Flow Management
- Credit Management Services
- Payroll Services
- VAT Returns
- Business Reviews
- Forensic Accounting & Investigations
- Company Secretarial Services
We have provided various kind of services to companies in the manufacturing industry that include Zenufa Laboratories Tanzania Limited, Mansoor Daya Chemicals Limited, Polycem Tanzania Limited, Transpaper Tanzania Limited, Vicfish Limited, Tridea Cosmetics Limited, OK Plast Limited, Maweni Limestone Limited and Tanzania -China Friendship Textile Company Ltd.