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Interview with Dr. Abdallah Kigoda Tanzania Minister for Industry and Trade

Interview with Dr. Abdallah Kigoda Tanzania Minister for Industry and Trade

TanzaniaInvest conducted an exclusive interview with Dr. Abdallah O. Kigoda, Tanzania Minister for Industry and Trade to learn about the Tanzania industrial sector, the government development strategy and the investment opportunities available.  

Interview with Dr. Adelhelm Meru Director General of Tanzania's EPZA

Interview with Dr. Adelhelm Meru Director General of Tanzania's EPZA

TanzaniaInvest.com interviewed Dr.Adelhelm Meru, Director General of Tanzania's Export Processing Zones Authority (EPZA). EPZA is the principal Government Agency for Investment in the Tanzanian Economic Zones. In the Interview he reveals insight on Tanzania’s Investment Climate, services offered to International Investors in Tanzania and why Tanzania is an ideal investment destination.  

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Tanzania Agriculture

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Tanzania To Receive TZS6 Billion From Japan For Agriculture Development

Tanzania To Receive TZS6 Billion From Japan For Agriculture Development

The Japan International Cooperation Agency (JICA) had granted Tanzanian government over USD 3.6 million,...

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Tanzania Banking and Finance

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Bank of Africa Tanzania Increases Profits in 2013

Bank of Africa Tanzania Increases Profits in 2013

 According to the Bank of Africa Tanzania (BoA) recently published 2013 annual report, the bank...

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Tanzania Construction and Real Estate

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Tanzania Economy

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Tanzania Receives TZS 85.68 Billion From African Development Bank

Tanzania Receives TZS 85.68 Billion From African Development Bank

Supporting Tanzania’s aim of becoming a middle income economy by 2025, and understanding the need...

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Tanzania Energy and Mining

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Tanzania Natural Gas Reserves Projected to Reach 200 Trillion Cubic Feet

Tanzania Natural Gas Reserves Projected to Reach 200 Trillion Cubic Feet

Based on the positive ongoing deep offshore gas exploration activities, the Tanzania Petroleum Development...

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Tanzania Industry and Trade

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UK-Tanzania Investment Forum to Boost Cooperation

UK-Tanzania Investment Forum to Boost Cooperation

UK-Tanzania Investment Forum and Tanzania President Jakaya Kikwete visit to Great Britain on March 31st...

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Tanzania Telecoms

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Tanzanian Mobile Operator Enables Mobile Money Transfers from Bank Accounts

Tanzanian Mobile Operator Enables Mobile Money Transfers from Bank Accounts

One of the leading mobile network in Tanzania – Tigo – together with seventeen Tanzanian banks have...

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Tanzania Tourism and Travel

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Tanzania National Parks to Receive TZS 5 Billion

Tanzania National Parks to Receive TZS 5 Billion

Contrary to the rumours of potential privatization of Tanzanian national parks, the government will invest...

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Tanzania Transport

About TanzaniaInvest

TanzaniaInvest.com is the n. 1 website to invest in Tanzania. With thousands of registered users it is the site to visit for the most up to date investment news, stories, reports and exclusive interviews with top executives, decision-makers and leaders within the various business sectors of Tanzania. TanzaniaInvest.com is committed to providing its readers with well-researched information in a professional and sector-driven format that will help them to better identify investment trends within the country, anticipate the impact that these investments will have on the Tanzania economy, and predict the next big investment opportunity based on market trends, shifts and new discoveries all in a professional environment that is specific to the needs of foreign and domestic investors. TanzaniaInvest.com covers the most vibrant sectors of the country’s economy namely agriculture, banking & finance, construction & real estate, energy & mining, industry & trade, telecoms, tourism and transport via thorough reports news, articles, interviews and profiles. Our exclusive reports are the result of extensive on site research and interviews with top government officials and key business leaders, and present balanced and objective portraits of the most promising economic sectors of Tanzania, while highlighting the available investment and business opportunities. Our exclusive news provide an overview of the economic and investment climate in Tanzania as well as some of the most important updates on key facts, topics and information relating to current and upcoming investment and business issues. To receive updates in your inbox every week on all of our coverage of up to date news stories, articles, interviews, profiles, and reports register to our free newsletter.

 

About Tanzania

Tanzania is located in the eastern side of Africa. On the northern side it is bounded by Kenya and Uganda, on the western side there is Democratic Republic of the Congo and on the southern side there is Mozambique and Zambia. On the eastern side of the country there is Indian Ocean. There are 26 regions in the Tanzania. President represents the head of the country. Mainland includes 21 regions and five regions are found in Zanzibar. There are 99 districts and each district has one council. Councils serve as local governments to serve the people. Total number of councils operating in Tanzania is 114, out of which 22 belongs to the urban areas and 92 for the rural areas. Urban councils are further divided into city councils and municipal councils.

The country Tanzania discovered its name from Tanganyika and Zanzibar. These two states were united in the year 1964. Later, a new name was given to these two combined states which were named as the United Republic of Tanzania. In Tanzania, people elect the president and the other members of the National assembly directly by voting and the term of their ruling is for five years. Prime minister is appointed by the president and the prime minister of the country acts as the leader of the government in the national assembly. The president also has a power to choose ten non-elected members in the parliament and these elected members can become members of the cabinet. There are 343 members in the national assembly. Women also get 30% seats in the national assembly.

The main occupation of the people is agriculture and the economy of the country is highly dependent upon the agriculture. Most of the land in Tanzania is used for agricultural purposes. Natural resources of natural gas and minerals are found in the country. Tanzania leads in the production of gold at the third place in the world. Another important gemstone found in Tanzania is tanzanite which is the characteristic gem found here only. There are different minerals found in Tanzania. Some of the important minerals found in Tanzania are uranium, gold, coal, nickel, platinum, etc. Mineral production is less in the country due to less availability of the resources. Therefore, agriculture accounts for the overall economy of the country.

Africa’s highest mountain, Mount Kilimanjaro is situated in Tanzania and is one of the main features that attract tourists in the country. There are many beaches and national parks located in the nearby areas which make it an important tourist spot. Different lakes found in Tanzania are the Lake Victoria, Lake Malawi and Lake Tanganyika. The above tourist places have become a center of attraction and the money earned from tourism helps in the growth of the economy of the country. Tourists can get affordable accommodation in the nearby areas. Wide range of five star hotels and small guest houses are available in the country for the tourists stay. During the hot season the temperature ranges between 50 and 60 degree C and during the cold season it ranges between 10 and 20 degree C. November to February is the hottest period in Tanzania and country experiences severe cold during the months of May to August. There are two major rainfalls that occur in Tanzania.

There is uneven distribution of population in Tanzania. There are different ethnic groups found in Tanzania. Most of the people in Tanzania follow Christianity and few are the followers of the Muslim religion. People in Tanzania speak Swahili language. English is also used as an official language in Tanzania. Tribal people also speak their own language but the mother tongue of the people of Tanzania is Swahili language and they learn English to compete all over the world or to communicate with people of other countries. 73% of the total population of Tanzania is literate. Education is compulsory till the age of fifteen but children fail to get education till this age. The main cause of death during infancy is malaria. Pneumonia and diarrhea are two other causes of deaths in Tanzania. There are local and private health clinics to serve the people of Tanzania. HIV/AIDS infection is common among the adult population. Measures are being taken to prevent the transmission of HIV/AIDS infection.

Tanzania participates in the Southern African Development Community to interact the people and for the growth of the economy of the country. Tanzania receives grants from other countries for its survival. Wood and charcoal is used to meet the energy demands. But now, water is also being used to produce electricity. To provide business and investment opportunities to the people of Tanzania it is starting a program to privatize the public offices so that more people can get jobs. Various methods are adopted for the privatization of the public sectors to help in the growth of the economy of the country.