Brela registers 7,148 new companies

Dar es Salaam. The Business Registration and Licensing Agency (Brela) has reached third quarter of its target of registering 9,528 new companies for the current financial year, thanks to the new online registration system. 

The Agency’s chief executive officer Godfrey Nyaisa told a press conference today that so far some 7,148 companies have been registered representing 75.02 percent of the target.

“With the online registration system and given that all applicant’s documents are intact, it takes only a single day for the registration to be completed,” said Mr Nyaisa.

He was speaking during a tour of the Industry and Trade Minister, Prof Kitila Mkumbo, who visited Brela for the first time since he was appointed by President Samia Suluhu Hassan to head the ministry.

Prof Mkumbo directed the Agency to work on traders’ challenges so that they do not reach at a decision to close their businesses, saying that Brela has a responsibility to facilitate businesses and not to act as an impediment,.   

“As an institution vested with a huge mandate, we should not be proud of attending to traders who want to close businesses unless the intended closure is driven by conflicts within the company,” said the minister.

Meanwhile Prof Mkumbo urged traders to formalise their businesses by registering them so that they can be recognised by the government.

 “And good news is that with the online system, the business formalisation process has been simplified,” said Prof Mkumbo.