A new year has begun and I would like to start my new contributions for FurtherAfrica with an overview of business opportunities from Tanzania. Don’t expect this article to be an exhaustive list, but just a way to offer another point of view on my “adoptive Country”.
The United Republic of Tanzania is located on the East African coast and has historically been not only one of the most stable Countries of the continent, but also a place where different religions and ethnic groups have always been pacifically coexisting.
The union between Tanganyika and Zanzibar happened in 1964 and, by that moment, “Mwalimu” (teacher in Swahili language) Nyerere remained into power for more than twenty years. His leadership, founded on the concept of “Ujamaa” (extended family, community in Swahili language), surely is one of the most representative examples of African socialism.
Without entering in political matters, Nyerere’s leadership has certainly had the great value of creating a stable social cohesion, which still persists, despite the existence of more than one hundred ethnic groups and local languages.
The national language is the Swahili, which, probably, will play a greater role within the Continent in the next future. With a projected real GDP of 5.7% and an annual population growth rate of 2.9%, this Country surely offers many business opportunities. Agriculture and tourism undoubtedly are its economic backbone.
Agriculture, still managed at subsistence levels, is a sector with multiple interesting opportunities, especially if focusing on horticulture and if targeting the growing middle class, more and more careful than before to health and balanced diet. In this sense, some producers and related activities have started to emerge: GBRI/Eatfresh Tanzania, Masifio Farm, and the Practical Permaculture Institute of Zanzibar are some few examples.
Tourism is a saturated market, only limited to the most famous and traditional routes (Zanzibar, Mount Kilimanjaro, Northern parks circuits – Serengeti, Ngorongoro, Lake Manyara). However Tanzania has many other alternative routes and places to exhibit and the tourism of niche, through which selling an alternative travel experience, may be another profitable activity to explore.
The agribusiness, as in many other African Countries, is a ”must” when thinking to a profitable investment: the percentage of imported goods on the shops shelves is really high and trying to develop food made in Tanzania is a business choice with very high chances of positive return. Mama Alaska is one of the clearest examples in this sense.
Finally, the textile is also under the spot: on last December, the East African Community discussed, among the other things, on how to promote two key sectors as textile and leather. Within the whole East African Region, the Country leaders are trying to increase the local consumption, improve the productivity and enhance the technologies… all areas where the European knowledge may bring a huge impact.
The African continent will surely emerge in next few years… it’s just a matter of time and Tanzania will be part of this new chapter.
 Source: https://www.imf.org/en/Countries/TZA