Who else wants to do business in East Africa? Discover why Tanzania is a good fit?

Tanzania has long been one of the favorites for foreign investors and traders. Tanzania offers a multitude of advantages when it comes to doing business in this country. But what are those advantages?

We have listed for you the top reasons why Tanzania is a good fit for doing business.

Population: Tanzania, which has a population of about 45 million people, has experienced rapid economic growth over the last decade, according to the World Bank. In recent years, structural reforms increased exports, and financial deepening has resulted in GDP growth of 5% to 7%

Market potential: With Tanzania being amongst the developing countries, the market is full of opportunities for investments ranging from agribusiness, tourism, and manufacturing to importation.

Government support: The Tanzanian government provides various investment incentives to local and foreign investors through the Tanzania Investment Centre.

Political stability: Unlike other neighboring countries, Tanzania is very peaceful and it also offers a very conducive environment for businesses to operate and prosper in the near future.

Agricultural land: Tanzania has plenty of uncultivated arable land for agricultural investment.

Plenty of untapped natural resources: Tanzania is rich in natural resources such as gas, minerals, and uranium that are yet to be fully exploited.

Tanzania has a lot of tourist attractions, including Mount Kilimanjaro, Ngorongoro Crater, Serengeti National Park, and many others, but does not have enough hotels to accommodate tourists, creating room for the hotel industry to invest.

Availability of manpower: The labor market in Tanzania is readily available with skilled and semi-skilled workers who are ready and available to work in various industries like manufacturing, agribusiness, mining, and many others.

Low cost of importation: Entrepreneurs enjoy the benefit of low importation costs since Tanzania is a hub for landlocked countries through its Dar es Salaam, Tanga, and Mtwara ports.

Room for further expansion: Tanzania is part of the East African Community thus offering opportunities for businesses to grow and expand beyond its borders into countries like the Democratic Republic of Congo, Burundi, Rwanda, and Uganda.

Tanzania offers many opportunities for businesses and the business expo happening on March 23rd, 2023 at Kololo grounds in Kampala Uganda serves to offer you the opportunity to know more about the business environment in this beautiful country.