Tanzania
Authentic Africa
Tanzania
Tanzania captures the very essence of the African continent, and distils it into one country, an African Eden of natural riches and cultural wealth. Our country has inspired Hemingway and Livingstone, proudly given the word ‘safari’ to the global travel vocabulary and provided documentaries and Hollywood with their perfect vision of an unexplored continent.
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Tanzania is a land of superlatives, home to Africa’s highest mountain, deepest lake, and largest inland body of water as well as its largest game reserve, most famous National Park and most abundant movement of wildlife. Our borders are custodian to snow-capped peaks, fertile coral reefs, primate-rich virgin rainforest and rolling African savannah, that are protected by a progressive environmental and conservation policy that is embedded in the country’s constitution.
Why Invest In Tanzania?
Tanzania is experiencing sustained economic growth, with Gross Domestic Product (“GDP”) consistently growing at an average of 7% per annum for the last ten years. This is a result of economic reforms and sound economic policies that were introduced since the second half of the 1990’s.
The largest export contributors continue to be primary commodities, particularly gold, coffee, tea, cashew nuts and cotton. At the same time, the volume of manufactured exports has surged in recent years, with the lion’s share of these exports going to markets within the region. Meanwhile, tourism is Tanzania’s main foreign exchange earner.
Tanzania recorded a GDP growth rate of 7.0% in the year 2015, making it among the fastest growing economies in Africa. The Bank of Tanzania (BOT) has projected a GDP growth of 7.2% in 2016, driven mainly by strong performance in industry, construction, services, and information and communication sectors. Inflationary pressures continue to ease as inflation dropped to 6.1% in May 2017, compared to 16% and 8% at the end of 2012 and 2013 respectively.
Natural Wonderland
Tanzania is endowed with a variety of natural resources including a 1,424 kilometre coastline, enormous arable land, world class tourist attractions, minerals, oil and gas. Available arable land, conducive weather and ground along with surface water provide opportunities in agro-production and agro-processing, livestock farming as well as processing livestock products including meat, milk and leather.
Tanzania is rich in minerals as well as precious gemstones. Minerals found in Tanzania include gold, iron, silver, copper, platinum, nickel limestone, soda ash, gypsum, salt, phosphate and tin. Gemstones that can be found in Tanzania include sapphire, ruby, emerald, spinel, tanzanite, alexandrite, tourmaline, zircon, aquamarine, tsavorite, spessartite, rhodolite and demantoid garnet. Tanzania has emerged as one of the most important gemstone producing countries in the region.
The large natural gas reserves that were recently discovered could be the most significant transformative factor on the economy. Currently, the exploration and extraction of the gas reserves are very much in the infancy stage, with a huge potential upside in the near future
Stability & Growth
Tanzania is one of the most peaceful and politically stable countries in Africa. Since its independence in 1961, Tanzanians live in peace and with a sense of a common national identity without ethnic division.
Since independence in 1961 under the leadership of nationalist Julius Nyerere, Tanzania has witnessed five transfers of leadership through free and fair elections. Since 1992, Presidential terms are limited to two terms, each with 5 years.
The Tanzanian housing sector’s fast-growing demand is mainly driven by the fast-growing population, which is estimated to be 56.32 million and expected to more than double by 2050.
Demand has persisted in the affordable housing segment with the country’s deficit recorded at 3 million units and expected to increase by 200,000 units per year.
Tanzania’s capital city, Dodoma, has continued to be an emerging market for residential properties. The city has recorded increased residential real estate demand from both government officials and expatriates.
