Tuesday, June 18, 2024

Services Investment Opportunities In Tanzania

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Nyongesa Sande
Nyongesa Sandehttps://bizmart.africa
Nyongesa Sande is a Kenyan blogger, Pan Africanist,c olumnist Political Activist , blogger, informer & businesman who has interest in politics, governance, corporate fraud, human rights and television personality.

The services sector, notably ICT, which is one of Tanzania’s fastest-growing sub-sectors, offers great opportunities. In the previous ten years, Tanzania’s communications market has experienced remarkable expansion and transformation. The ICT market has expanded in terms of subscribers, service variety, and geographic coverage.

  • Provision of mobile services, particularly in rural areas, as urban penetration is higher.
  • Network/data value-added services provision and operation (internet, voice mail, electronic mail services).
  • Telecommunications facility repair and maintenance
  • There is a lot of room for financial institutions, microfinance banks, investment banks, agricultural banks, and commercial banks.
  • In December 2015, there were roughly 39,808,4196 mobile customers in the market, compared to 2,963,737 in 2005.
  • In December 2014, penetration was 67 percent, up from 10% in 2005.
  • By December 2015, there were around 16,280,943 Internet service subscribers, up from 3,563,732 in 2005.
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