Why Invest In Tanzania? Tanzania enjoys an abundance of natural wealth, which offers tremendous investment opportunities for investors. These include an excellent geographical location (six land locked countries depend on Tanzania ports as their cheapest entry and exit ports); arable land; world renowned tourist attractions (Serengeti, Kilimanjaro, Ngorongoro, and the Spice islands of Zanzibar); natural resources; a sizeable domestic and sub regional market; a wide local raw materials supply base; abundant and inexpensive skills; assurance of personal safety; warm friendly people and a suitable market policy orientation.
Tanzania is no doubt, a great place to invest in Africa today. There are unlimited investment and business opportunities which you are invited to explore
Major reasons why you should invest in Tanzania:
The following are among the major reasons why you should invest in Tanzania. The country’s geography is greatly beneficial. Tanzania is connected directly to the Indian Ocean giving it trade links to Asia and sits in between the ocean and 6 landlocked countries (Uganda, DRC, Rwanda, Burundi, Zambia and Malawi) that rely on Tanzania for passage of goods. The country has 3 deep water ports (Dar es Salaam, Tanga and Mtwara) that are servicing the neigh boring countries. Furthermore, its membership to the SADC Free Trade Area and EAC Common Market, with developed rail and road networks, makes Tanzania a natural transportation gateway for East and Central Africa.
Apart from being a point for passage of goods, Tanzania’s internal production capabilities, driven by rich natural resources, e.g. large size arable land and mineral deposits make it a natural hub for economic activity in the East African Region.
Tanzania is endowed with a variety of natural resources including a 1,424 kilometre coastline, enormous arable land, world class tourist attractions, minerals, oil and gas. Available arable land, conducive weather and ground along with surface water provide opportunities in agro-production and agro-processing, livestock farming as well as processing livestock products including meat, milk and leather.
Tanzania is rich in minerals as well as precious gemstones. Minerals found in Tanzania include gold, iron, silver, copper, platinum, nickel limestone, soda ash, gypsum, salt, phosphate and tin. Gemstones that can be found in Tanzania include sapphire, ruby, emerald, spinel, tanzanite, alexandrite, tourmaline, zircon, aquamarine, tsavorite, spessartite, rhodolite and demantoid garnet. Tanzania has emerged as one of the most important gemstone producing countries in the region.
The large natural gas reserves that were recently discovered could be the most significant transformative factor on the economy. Currently, the exploration and extraction of the gas reserves are very much in the infancy stage, with a huge potential upside in the near future.
High degree of investment security because of unparalleled political stability that is strife-free without ethnic division; democratic rule that respects diversity of opinion and a strong tradition of constitutionality and rule of law.
Business-friendly Macro-Economic Stability with low inflation (4.2%), stable exchange rates supported by unrestricted and unconditional transferability of profits, loan repayments, emoluments, royalties, fees and changes;
Simplified bureaucracy, streamlined through the acclaimed services of the Tanzania Investment Centre which is a one-stop-facilitation agency of government serving registered investors and businesses;.
A well-balanced package of incentives to investors with additional negotiated benefits to strategic investors
Rapidly emerging as the most effective entry point and gateway for trade into Eastern, Southern and Central Africa; FAVOURABLE GEOGRAPHICAL LOCATION OF TANZANIA
Investment guarantees, and settlement of Disputes, Investments in Tanzania are guaranteed against Political risks, Nationalization and Expropriation.
Any foreign business operating in Tanzania may obtain credit from domestic financial institutions up to the limits established by the Bank of Tanzania. Major banks have also invested in Tanzania.
“Why Invest in Tanzania | Tan Biz Link,” Tan Biz Link, October 27, 2022, https://tanbizlink.co.tz/why-invest-in-tanzania/.
