This is an acronym for “wholly owned foreign enterprise” and it implies that a foreign investor (individual or a company) owns 100 percent stock equity literary ( According to Tanzanian regulations 99% can go to foreigners).

So, the investor handles the affairs of the company and also gets the company profit. Recently, WOFE has been a top priority for foreign investors due to some of its benefits which includes: liberalized and efficient operation, independence, direct management, and a reasonable requirement on investment capital.