Tanzania has an elaborate policy and regulatory framework which is quite enabling to TPSF and the business community generally.

The National Development Vision 2025, promulgated in 1999, envisions a nation characterized by a high quality life; a strong and competitive economy; good governance; a well educated and learning population; sustained peace, stability and national unity. It states as one of its objectives is the eradication of poverty and attainment of economic and social justice for all citizens irrespective of gender, race or creed.

The Poverty Reduction and Growth Strategy, MKUKUTA, is the national framework that translates the Vision into the all-encompassing five-year rolling programmes (2005/2006 – 2009/2010). It takes as its starting point the Millennium Development Goals (MDGs) for reducing poverty, hunger, diseases, illiteracy, environmental degradation and discrimination against women by 2015. Its target is to cut down both income and non-income poverty by half, come 2010.

Within the MKUKUTA framework there are other policy strategies such as BEST that aims to improve the business environment for both local and foreign direct private investments and MKURABITA that aims to formalize informal businesses and mainstream them into the financial intermediation system and the national and global economies.

Besides this macro policy framework, Tanzania has in place other sector-specific as well as cross-cutting social and economic policies that provide a reasonably enabling operating environment for TPSF to successfully pursue its mission.

In Tanzania the Private sector is recognized as the engine of  economic growth. In recognition of this role, the TPSF has developed Strategic Objectives that will enable the private sector to grow and orient itself to fulfill its mandate and participate in the National Policy Goals for Poverty Reduction and Economic Growth. The objectives for the next three years are: 

• raise the profile, image and capacities of TPSF and of its ordinary members;
• facilitate communication, networking and flow of business information among members;
• maximize the impact and voice of the private sector to lobby and advocate for issues pertinent to the private sector growth;
• facilitate business growth of the private sector through enhancing enterprise competitiveness -  hence promote long term development of the private sector in Tanzania; and
• leverage financial resources for the sustainability of the private sector development activities in Tanzania.