Investment opportunities available in Manyara Region were showcased during the first ad-hoc investment forum held on August 22nd and 23rd in Babati, Tanzania.
Located in northern-eastern Tanzania, Manyara is one of the country’s 30 administrative regions.
The region possesses significant potential for lucrative investment which has not been exploited to date due to lack of promotion and publicity.
The Prime Minister’s Office has identified the following available investment opportunities in Manyara:
1. Favorable conditions for commercial farming, irrigation agriculture and large herds of livestock suitable for dairy and beef processing.
2. Various tourist attractions such as Tarangire National Park, Game reserves, Wildlife management Areas (WMAs) (i dont think you have to specify the acronym WMA if you dont use it again in the article), and potential Cultural sites.
3. Rich mineral deposits such as gold, gypsum, phosphate and a variety of gemstones such as Tanzanite, rodlite, green garnet, green tourmalines, ruby crone, red garnet and almandine. Tanzanite is found nowhere in the World except at Mirerani Township, Simanjiro District in Manyara Region.
4. Other natural resources such as forest reserves, Lake Babati, Bulunge and Basotu.
5. Strategic location of the Regional Capital Town, Babati which links Singida, Tabora and the Lake Zone Regions. It also links Dodoma and Arusha Regions though the Great North Road.
The forum was attended by Prime Minister Hon. Mizengo Pinda, the Minister for Investment and Empowerment Hon. Mary Nagu, Manyara Regional Commissioner Hon. Elaston Mbwilo and the Tanzania Investment Centre (TIC) Executive Director, Juliet Kairuki.
During an exclusive interview with TanzaniaInvest.com Hon. Mbwilo explained that: “Manyara region has a lot of opportunities to investors. For instance land, available for agriculture, abundance of livestock, minerals, like tanzanite which is not found anywhere else in the world, as well as many attractive tourism areas.”
Hon. Mbwilo further explained the challenges which prevented Manyara region adequate visibility untill now, citing that it was formally, “one single region with Arusha. Road infrastructure was also a challenge. It is only recently that our roads from Arusha and Dar es Salaam have been improved. We are now well connected by road, but we still do not have a major regional airport. The closest airport remains Arusha and Kilimajaro, but we have airstrips. We now invite local and foreign investors to come and invest here.”
He finally underlined that, “we have just started one Special Economic Zone (SEC) in Mererani to enable a tax free export hub mostly for Tanzanite. We are inviting investors to develop this SEC.”
To learn more about the Manyara Region and the available investment opportunities read the Investment and Socio-Economic Profile Manyara Region: