If you try to look to Tanzania’s economy according to GDP and the social services index we are still a poor country with low savings. What people have is only for basic needs and if basic needs are not met then savings are low.
If you try to look to Tanzania’s economy according to GDP and the social services index we are still a poor country with low savings. What people have is only for basic needs and if basic needs are not met then savings are low.
There is no investment without savings. We also don’t have banks that are willing to loan so we look for FDI to fill in the gaps and generate income, increase GDP, and increase jobs for youth.If you try to look to Tanzania’s economy according to GDP and the social services index we are still a poor country with low savings. What people have is only for basic needs and if basic needs are not met then savings are low.
There is no investment without savings. We also don’t have banks that are willing to loan so we look for FDI to fill in the gaps and generate income, increase GDP, and increase jobs for youth.
Youth make up the bulk of Tanzania and they want to use their talents and abilities to do something so we must create opportunities for them.
Being a poor country, the portion of our income going towards education is not enough so we want FDI in order to generate income and increase economic growth, create employment and bring in technology to increase efficiency productivity- these are important issues to develop a country. On the other side of the coin, this is a very strategically located county in the east african community with 10 million people. We are also in SADAC with 300
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