Tanzania

Tanzania, or the gateway to East Africa, is the ideal starting point for investors seeking to enter the regional market. It provides access to the Indian Ocean through Dar es Salaam port, and borders eight landlocked nations, giving Tanzania the opportunity for huge volumes of imports and export. Tanzania is known for its political stability, easing and reassuring investors into its free market economy, with an environment of conductivity and prosperity. Further, its stature as a developing country provides investors with a market abundant with opportunities.

The World Bank has noted a high economic growth in Tanzania over the past decade. This steady growth has resulted in a significantly reduced inflation rate and an improvement in the country’s Gross Domestic Product. In addition, its improving economy can be attributed to the rise of foreign direct investment in the country. Tanzania has signed agreements with the United Kingdom, the World Trade Organization, Southern African Development Community, and the East African Community allowing the said free flow of trade. In aim for further improvement, the Tanzanian Government has broadened the country’s economic reach to more than just agriculture.

It has done so by providing investment incentives to investors, local and foreign alike, through the establishment and use of the Tanzanian Investment Centre. The economy has been liberalized fully and obstacles that inhibited trade and foreign and private investment have ceased, allowing for a Tanzania that offers opportunities for businesses to expand and grow.