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Analysis

Industrialisation at the centre of Tanzania's long-term development strategy
OBG
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One of the focal points of the Tanzanian government’s long-term development strategy is industrialisation. In the five-year development plans (FYDPs) that serve as the foundation for the Tanzania Development Vision 2025, manufacturing is a key component. The second FYDP – covering 2016 to 2021 – set a sectoral growth target of over 10% annually, along with an increase from just under…

Analysis

Tanzanian bank regulators address declining credit growth
OBG
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The slowing growth rate of credit to the private sector has emerged as a key industry issue in 2016 and 2017. After expanding at a rate in excess of 20% throughout most of 2015, central bank data shows that in January 2016 growth began to decline sharply. By October 2016 credit expansion to the private sector had fallen beneath the 10% level, and by April 2017 it had declined to just over 3%.…

Analysis

Banking authorities expand financial inclusion in Tanzania
OBG
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For the government, boosting the proportion of the population with access to financial services is a strategic priority. According to a 2016 IMF report, financial inclusion rose by 42 percentage points to 58% of the population between 2009 and 2013 – a surge which the IMF attributes almost entirely to new distribution channels, such as mobile money. However, the government has been keen…

Analysis

The Central Bank of Tanzania takes a direct approach amid tightening liquidity
OBG
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The government’s process of economic reform is having far-reaching effects on various entries on banks’ balance sheets. Many reform measures, such as the more rigorous implementation of the tax code, are being felt indirectly by the banking sector in the form of rising non-performing loans and slower loan growth. However, a recent decision regarding the finances of parastatal organisations…

Analysis

Tanzania aims to improve ease of doing business metrics
OBG
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Improving Tanzania’s business environment is central to the government’s drive to encourage investment. Ranking in the top 100 of the World Bank’s “Doing Business” report was a target of the first five-year development plan that ran to 2016. However, by the time the second plan covering 2016-21 was formulated in 2016, Tanzania had fallen nine places to 139th out of 189. Recent Rankings In…

Analysis

Increasing cement production in Tanzania attracts international companies
OBG
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Outside of food and beverages – and the broader agro-processing segment – the manufacturing sector is supported primarily by cement manufacturing, with the country’s cement capacity expanding rapidly in recent years, most significantly after the 2015 market entry of Nigeria’s Dangote Cement, one of the continent’s largest cement players. Dangote’s entrance has had a mixed impact…

Analysis

Tanzanian tourism supported by new air links
OBG
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Expansion of air connections – including the launch of new low-cost routes – airport upgrades and developments, as well as new additions to the national airline are expected to help sustain Tanzania’s recent growth in visitor numbers, while also bolstering tourism overall. In June 2017 the UAE-based low-cost carrier flydubai announced that from late October 2017 it would launch six flights…

Analysis

Increasing electricity production a high priority in Tanzania
OBG
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Meeting demand for electricity is an increasingly important priority in Tanzania. Consumption more than doubled between 2000 and 2012, and with access to low-cost power a core element of the government’s push to develop industry, the pursuit of new generation options is even more pressing. Tanzania is in the midst of an energy diversification drive, and new power plants are under development…

Analysis

Agro-processing central to industrialisation efforts in Tanzania
OBG
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Already a dominant segment of the manufacturing sector, Tanzania’s agro-processing industry holds tremendous potential for future expansion. The country benefits from abundant agricultural resources, leaving it well positioned to grow its textile and leather production segments, while rising domestic demand for processed food should boost production of bread, sugar products and meat. Although…

Analysis

Strong telecoms growth expected as Tanzania improves the investment climate
OBG
plus

The steady process of telecoms liberalisation in Tanzania has seen private investment in the sector soar in recent years, as mobile operators invest heavily in broadening next-generation services and mobilemoney platforms. In a bid to ensure that the domestic economy benefits from the increased activity in the sector, successive presidential administrations have sought to widen the ability…