ECONOMIC AND TRADE MATTERS

WHY YOU SHOULD INVEST IN TANZANIA

Investments and personal security

  • unparallel political stability
  • Tanzania have also signed Bilateral agreements with several countries including Oman on Promotion and Protection of Investment
  • Democratic rule
  • Investment guarantees and settlement of disputes. Investments in Tanzania are guaranteed against political risks, nationalization and expropriation by local legislation and International Agreements. Tanzania is a signatory of (MIGA) Multilateral Investment Guarantee Agency and a member of the International Centre for Investment Settlement Dispute (ICSID) a body of affiliated to World Bank.
  • There are international insurance companies offering Business Insurance and medical insurance.


Availability of Resources

  • Tanzania enjoys an abundance of natural wealth which offers tremendous investment opportunities.
  • It has abundant tourist attractions that are mostly under utilized.
  • It's climatic and soil conditions give it comparative advantage in farming of a variety of crops.
  • It has mineral wealth largely still unexploited.
  • Abundant trainable and inexpensive skilled labor force.


 Market Size

  • Tanzania is strategically positioned as a gateway to six land locked countries.
  • Has a population of 45 million people with ever increasing real income and high level of domestic investment spending.
  • Belongs to regional economic grouping, EAC, SADC, MMTZ-SACU- thus expanding its market access to all member countries of these economic groupings with a total of over 300 million people.
  • Has quota free and duty free entry to the markets of USA, (AGOA), Canada, Japan, South Korea and China. Therefore, establishing a factory in Tanzania, one has a larger market than the confines of Tanzania Borders.


Starting and sustaining Business in Tanzania

  • To cut down all bureaucracy and have a "peace of mind", let the Tanzania Investment Centre, a one stop centre do it for you. TIC with your cooperation will assist you to get all approvals, licences, work permits, visas, business premises and even land for investment.
  • TIC will offer you the most competitive incentives to commensurate the magnitude of your investment and risk associated with it.
  • The comprehensive economic and political reforms measures, undertaken since 1988 have brought about an efficient economic management, financial discipline and a framework for a dynamic high growth economy with inflation at around 5%.
  • The Tanzania shilling is freely convertible to all major currencies and transfer of capital and profit is allowed.
  • Investors are not compelled to enter into joint ventures. You can have 100% foreigner owned investment.
  • You need not to worry as to wasting time constructing sheds, Export Processing Zones Parks are there for you to fix your machines and start production, if you are an export oriented manufacturer, if not have your production unit in the Special Economic Zones Parks.
  • Due to less competition in the market, profit margins are undoubtedly very high.

REACHING YOUR MARKETS

  • By air - Tanzania is served by major airlines which fly from Tanzania to major hubs in the world. Regular flights fly form Dar es Salaam, Kilimanjaro and hired cargo planes from Mwanza/KIA to Europe. Currently, Emirates, Qatar Air , Oman Air, Turkish Airline, British Airways, KLM and Kenya airways fly out from Dar es Salaam daily. Mbeya International Airport is now operational and provide link between southern Highlands and the rest of the world.
  • For more details click here for Tanzania Mainland, (www.tic.co.tz) and here (www.zanzibarinvest.org ) for Zanzibar
  • By sea - There are regular ship sailing from Dar port, Tanga Port and Mtwara Port including Container cargo, Fuel tankers, Roro?s, break bulk cargo, liquefied cargo and refrigerated cargo ships.
  • By Rail - Tanzania is connected to Kenya, Zambia and Uganda by rail therefore for bulk exports you can opt to use railway.
  • By Road - There is a good road network connecting Tanzania to its eight neighbours and beyond

INVESTMENT OPPORTUNITIES

Tanzania is a country where opportunities abound. Investors are welcome to bring along capital, technology and expertise so that these limitless opportunities could be tapped for the mutual benefit of the investors and peoples of Tanzania. Investment opportunities include but not limited to the following:

  • Large scale commercial farming with 44m hectors of arable land available
  • Service Sector ICT, Education, Health, Infrastructure development
  • Mining and Oil Exploration
  • Hotel and resort construction
  • Energy generation
  • Bridges
  • Road Construction
  • Fishing and fish processing
  • Lapidary
  • Timber & wood processing
  • Telecommunication
  • Ranching and Livestock development 60 m hectares of land readily available.
  • EPZ Infrastructure Development, Production & Services
  • Tourism and Hospitality sector
  • Exhibition & Conversation Industry Development
  • Food processing
  • Gemstone cutting and polishing
  • Economic Infrastructure on BOO/BOT
  • Airport Infrastructure & Related Services
  • Agro Processing
  • Floriculture and Horticulture
  • Airport
  • Real Estate
  • Shipping
  • Air Ground transport exhibition and convention centres etc
  • Gemstone & Industrial mineral mining
  • Transport and Logistics
  • For more information on investing in Tanzania click www.tic.co.tz for Tanzania Mainland or www.zanzibarinvest.org for Zanzibar