54 AFRICAN COUNTRIES

Agriculture, Fisheries and Forestry :

Agriculture :

Agriculture is one of the leading economic sectors of Tanzania; it contributes to around 21% to the country’s GDP and provides employment to around 80% of the population. The presence of favorable climatic conditions provide opportunities in commercial farming of various cash crops such as coffee, cotton, tobacco, sisal, cashew nuts, sugar and pyrethrum.  The temperate climate in the highland region of Tanzania is ideal for horticulture and floriculture. The laws for land leasing have now eased to 99 years for foreign companies. One of the major problems faced by Tanzania in agriculture is of irrigation.

Fisheries :

Endowed with one of the largest freshwater lakes in the world, Tanzania has substantial fish resources of 730,000 metric tons per year. Investment in this sector is regulated by the Fisheries Act of 1970 under the Ministry of Natural Resources and Tourism. The major markets for export are the European Union and Japan.

Forestry :

Tanzania has around 33.5 hectares of forests and woodlands out of which 13million has been kept a side as forest reserves. The importance of Tanzania’s forests is increasing as there is an expansion in the tourism portfolio and an increase in the requirement of organic forest products. Softwood and hardwood plantations provide a wide range of investment opportunities in saw-milling, partial boards, furniture and pulp-paper industry.   

Tourism :

Tanzania has 12 national parks, 17 game reserves, 50 game controlled areas, 2 marine parks, 2 marine reserves and a conservation area. It is the only country which has dedicated around 25% of its land to wildlife reserves and game reserves. The wildlife resources are considered one of the best in the world.  Tanzania has a vibrant culture notably the Maasai culture and art and the Makonde sculptures and carvings done in ebony. Investment opportunities exist in the development of hotels, campsites in some of the heritage sites like Bagamoyo, Pangani, Tabora and Kilwa.

Manufacturing :

The manufacturing sector contributes to around 10.2% of the country’s GDP. The Tanzanian government is laying stress on diversification and is encouraging the establishment of certain import substitution industries. The major industries of the region are beverages, steel and metal, cement and ceramics, chemicals, electrical engineering, canning, animal feed processing, bottling and glassware. Investment opportunities exist in manufacturing of pottery, china and earthenware, food, beverages, cigarettes and also in construction materials and electrical goods.    

Banking and Insurance :

For Further Reference

 National Customs

 Tanzania Investment Authority

 Doing Business With Tanzania (Source: The World Bank Group)