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Tanzania Investment Profile InterviewTANZANIAINVEST has conducted an exclusive interview with Mr. Emmanuel Ole Naiko, the Executive Director of the Tanzania Investment Centre (TIC), in order to learn about the current investment framework in Tanzania and also to ask about the opportunities that are currently available, or t... TanzaniaTanzaniaInvest.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. Topics
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SAGCOT Invites New Members
Private companies and farmers’ groups have recently been invited to join the Southern Agriculture Growth Corridor of Tanzania (SAGCOT) in order to access the center’s financing and technological skills... Tanzania Agriculture Investor Planning New Development ProjectAccording to recent reports, an agribusiness investor, Bruce Rastetter, from the US is currently working on a Tanzania agriculture project that will transform approximately 800,000 acres of land into a... Interview with Hon. Stephen Wasira Minister of Agriculture of TanzaniaHon. Stephen Wasira, Minister of Agriculture Food Security and Co-operation, talks about Tanzania's agriculture sector and explains the country's development strategy, as well as the role of China... Tanzania Cotton Sector Saved By Stimulus PackageRegulators of the Tanzania cotton sector have reportedly indicated that, contrary to earlier predictions, the industry is expected to survive the “second wave” of the global economic crisis, which... South Korean KRC acquires 100,000 ha in Tanzania100,000 hectares of land in Tanzania’s Rufiji valley are to be developed by South Korean corporation KRC as part of an ongoing large-scale farming initiative in developing countries. Topics
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Bank of Africa Group Hails Tanzania Investment Climate
Based on the favorable and accommodative Tanzania investment climate, the Bank of Africa Group (BOA) has recently announced its commitment to increasing its presence and strength in the East African country.... First National Bank Tanzania Launched
Earlier this week, the First National Bank Tanzania Limited (FNB) announced its official launch of in the East African country, bringing the number of banks operating in the country to 47.... Bank of Tanzania Optimistic About Weaker CurrencyThe Central Bank of Tanzania (BoT) has indicated in recent reports that it is not concerned about a possible further decline in the Tanzania shilling because a weaker currency could potentially help boost... Bank M Tanzania First Local Bank to Issue Corporate BondsEarlier this month, Bank M Tanzania Limited not only became the first local bank to issue corporate bonds in the Tanzania market, but was also the first corporate bond to be listed this year at the Dar... Tanzanian Banking Sector Welcomes Machinga BankThe Tanzania Banking sector is preparing for the establishment of a new community bank to be used by small traders in Dar es Salaam, with planning now entering the second phase which is expected to include... Topics
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Tanzania Construction Investments Create Sector Growth
According to a report by the Daily News, the recent focus on increased investments in the Tanzania construction industry has helped to improve the overall performance of the growing sector. Tanzania Infrastructure Financed Through EurobondsThe Daily News has recently reported that the Government of Tanzania has renewed its pledge that, beginning next year, the development of Tanzania infrastructure will be financed through Eurobonds, which... Hyundai Increases Tanzania Construction PartnershipsAccording to a recent report by the Daily News, local Tanzania construction companies have witnessed a significant increase in business partnership with the Korean automobile company, Hyundai East Africa... Tanzania Construction Projects Affect Transportation Trade and BusinessTanzania construction projects of new major roadways are currently underway throughout the central parts of the country in order to open the region up for additional trade and business. Tanzania Real Estate Development Receives PushThe Tanzania minister for Land, Housing and Urban Settlement Development, Capitan John Chiligati, has recently issued a challenge to the National Housing Corporation (NHC) to begin focusing on Tanzania... Topics
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World Bank Funds Tanzania Investment Climate Upgrades
The World Bank and the government of Tanzania have signed a USD 100 million International Development Association (IDA) credit agreement to be used for improvements to the Tanzania investment climate in... World Bank Forecasts Growth in Tanzania Economy
According to the recently released World Bank Report entitled “Tanzania Economic Update; Stairways to Heaven,” the World Bank has forecasted approximately 6 percent growth in the Tanzania economy.... New Budget Proposals to Stimulate Tanzania EconomyBudget discussions in a recent meeting of Tanzania contain numerous proposals that are intended to help stimulate the Tanzania economy and counteract recent changes in the country’s cost of... Tanzania Business Sector Challenged to Increase in Value and SizeAccording to Phylisiah Mcheni, the Chief Executive Officer of the IRIS Executive Development Center, the Tanzania business sector has received the challenge of positioning itself to both create value and... IMF Calls Tanzania Economic Prospects PromisingAccording to the recently released International Monetary Fund (IMF) Economic Outlook for sub-Saharan Africa, Tanzania economic prospects are promising. Topics
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Sixteen Tanzania Oil Blocks Up for Licensing
According to the Tanzania Petroleum Development Center (TPDC), plans are in place for a Tanzania oil exploration licensing round to be held this September where 16 offshore blocks will... Camco Reveals New Tanzania Solar Energy Project
A joint venture between Camco International and Rex Investment Ltd. (RIL) has been awarded a USD 4.7 million tender by the Millennium Challenge Corporation (MCC), a US foreign aid agency that works in... Tanzania Gas Discoveries May Redefine EconomyThe government of Tanzania is preparing the country’s economy for a significant increase in the country’s foreign investment inflow following the recent discoveries of natural offshore Tanzania gas... BG Group Invests USD 500M in Tanzania GasA subsidiary of the BG Group, a British oil and gas firm, recently sent a delegation of their investors to meet with President Jakaya Kikwete in order to discuss their plan to invest USD 500 million in... Tanzania Gold Exports Increase SignificantlyAccording to a recently released statement from the Bank of Tanzania (BoT), between October 2010 and October 2011 Tanzania gold exports have witnessed a 33 percent increase as a result of an increase in... Topics
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Tanzania Exports Support Economic Growth
Given that Tanzania exports continue to play an important role in the economic development of the East African country, visible steps have been taken over the last few years to develop some of the country’s... Tanzania Investment Center Promotes Tanzania ICT Sector
According to the Executive Director of the Tanzania Investment Center (TIC), Emmanuel Ole Naiko, who spoke during the Sixth International Conference on ICT for Development, Education and Training that... Tanzania Breweries Limited Reports Increased ProfitsProfits from Tanzania Breweries Limited (TBL) have increased dramatically over the last year from TZS 92.4 billion to TZS 121.7 billion, which represents an overall increase of 32 percent. Tanzania Farmers to Benefit from Joint Investment ProjectAccording to recent reports, more than 125,000 local smallholder Tanzania farmers stand to benefit from a new collaborative project that will be undertaken by Mtanga Farms Limited (MFL) and a Nigerian... Tanzania Manufacturing Sector Receives Positive ReviewAccording to the recently released Bank of Tanzania (BoT) economic review for the month of January has indicated that, in spite of regular power cuts early on in the year, the Tanzania manufacturing sector... Topics
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Vodacom Tanzania Plans Increased Investment
The managing director for Vodacom Tanzania, Rene Meza, has recently announced that his company will be investing nearly USD 100 million over the next twelve to eighteen months in improvements to the company’s... Shilling Benefits Tanzania Telecom Companies
According to a recent Bloomberg Businessweek report, Tanzania telecommunications companies are currently working with the government in order to begin paying fees in shillings, which, according to Vodacom... Tanzania ICT Sector Seeks ExpertiseDuring the recent launching workshop for a project on capacity building and the effective use and management of Tanzania ICT (Information Communications Technology) resources within the public sector,... Zain Tanzania Wins Most Respected Company AwardAccording to a report by the Daily News, following its recent nomination as Tanzania's Most Respected Company of 2009, the mobile phone operator, Zain Tanzania, was recently presented with the prestigious... Tanzania Telecommunications Company Opens LinkA report published by the East African Business Week (EABW) earlier this month indicated that the Tanzania Telecommunications Company Limited (TTCL) has officially announced its full connection to the... Topics
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Improvements to Tanzania Travel Proposed for 2012
According to Moustafa Khataw, chairman of the Tanzania Association of Travel Agents (Tasota), in spite of the local and international challenges that faced the Tanzania travel and tourism industry last... Tanzania Tourism Anticipates More Turkish Visitors
Following a pledge of continued support from the Turkish government the Tanzania tourism sector is now preparing to welcome an increasing number of visitors from the Asian country over the next few years.... Rebranding the Tanzania Tourism IndustryAccording to recent reports, the Tanzania Tourist Board (TTB) is currently working to make the Tanzania tourism industry more competitive by rebranding the country’s tourism image so as to draw visitors... Launch of Tanzania Eco-Tourism Campaign ImminentReports indicate that the launch of a promotional Tanzania eco-tourism campaign that will focus flora, forest species and insects in order to attract more tourists to the country is forthcoming. East African Karibu Travel and Tourism Fair Scheduled in ArushaThe annual Karibu Travel and Tourism Fair (KTTF), East Africa’s premier tourism exposition, is scheduled to take place at the Magereza Open grounds near the Arusha Airport from June 3 to June 5 and is... Topics
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Qatar Airways Launches Second Tanzania Route
Qatar Airways has announced the launch of five new passenger routes, including one to Kilimanjaro International Airport (KIA) in the heart of the northern Tanzania tourism circuit where airport arrivals... European Investment Bank Funds Upgrade Tanzania Airports
The European Union long-standing lending institution, the European Investment Bank (EIB), has granted a 50 million euro loan to be used in the expansion and upgrading of five airports across Tanzania... Tanzania Revenue Authority Promises Less Port CongestionFollowing the departure and takeover of all TISCAN operations earlier this month by the Tanzania Revenue Authority (TRA), the Authority has pledged to increase efficiency in cargo clearance at the Dar... Tanzania Ports Authority to Receive Financial SupportIn an effort to assist the Tanzania Ports Authority (TPA), the Tanzania National Bank of Commerce (NBC) has pledged to provide them with financial support to be applied towards the improvement of the overall... TAZARA to Receive New Container Wagons from CCECCThe Chinese Civil Engineering and Construction Company (CCECC) has been granted a USD 5 million contract to build 90 new 50 ton container open wagons for the regional Tanzania-Zambia Railway Authority...
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