Industrialisation is set to accelerate in Tanzania, as part of a significant push by the government to sustain economic growth and inclusion, on the back of increased manufacturing output and recent investment in labour-intensive industries. Diversifying the country’s narrow production base and boosting exports of manufactured goods are critical priorities for Tanzania’s mid-term economic development…
Tanzania’s energy sector has shown signals of growth in recent years, with established domestic gas production and ambitious plans to scale up. Offshore gas reserves are sufficient to have prompted a proposal for a two-train liquefied natural gas (LNG) project in Lindi, while there is ample potential onshore around the Rift Valley based on commercial-scale deposits in similar terrain as in neighbouring…
While Tanzania’s insurance premiums have increased over the past year, elevated competition has affected underwriting profits. Larger players may welcome an agenda of wholesale regulatory reform as a basis for more sustainable growth, but many insurers with lower levels of capitalisation face an uncertain period, as legislation is given an overhaul and more stringent requirements are established.…
The Dar es Salaam Stock Exchange (DSE) has evolved impressively since its establishment in 1996, and its recent demutualisation has ushered in a new phase of market development. Updated regulations, products and infrastructure are under way as exchange authorities position the DSE to attract much-needed liquidity. The listing of telecoms and mining companies – the result of new legal requirements…
Tanzania has a well-developed and diverse financial services sector, with a number of large domestic and multinational lenders present, and a rate of financial inclusion that exceeds that of most other large economies in Africa. However, in line with major markets elsewhere on the continent, just five bodies account for roughly half of total assets. 2017 was a challenging year for Tanzania’s banks,…
Tanzania is one of sub-Saharan Africa’s fastest-growing economies, boasting average GDP growth of around 7% per year since 2000. Significant investment in rail, port and road development is likely to drive GDP expansion into the next decade. While the ongoing process of economic reform presents challenges to some sectors, and weak budget execution and policy uncertainty have dampened investment,…
Located on the east coast of Africa and south of the equator, Tanzania was home to some of the world’s first human settlements, with fossils dating back as far as 3.6m years. Today, the country comprises mainland Tanganyika and the archipelago of Zanzibar. Dodoma is its official capital, although Dar es Salaam, the largest city and port, has long been the nation’s commercial and administrative…
Smallholder rice farmers in the Iringa and Morogoro regions of Tanzania are set to benefit from new agricultural programmes to strengthen post-harvest management skills and expand commercial value chains. Three projects in total were announced in February 2018 by representatives of the EU, Ministry of Agriculture and participating organisations, with the schemes to receive a total of €4.5m in…
In English Business Barometer: OBG in Africa CEO Survey Copyright (c). All rights reserved. This survey has been designed to assess business sentiment amongst business leaders (Chief Executives or equivalent) and their outlook for the next 12 months. Unlike many surveys, the OBG Business Barometer is conducted by OBG staff on a face-to-face basis, across the full range of industries, company sizes…
In English Le mois dernier, 44 nations africaines se sont réunies à Kigali pour signer un accord prévoyant la mise en place de la plus grande zone de libre-échange au monde depuis la création de l’Organisation mondiale du commerce en 1995. L’Afrique est-elle prête pour une telle entente? Et dans quelle mesure cette zone de libre-échange continentale (ZLEC) pourra-t-elle améliorer le commerce…
