Tanzania has historically been an attractive centre for trade due to its strategic location along the continent’s east coast. Today, the country is seen as one of Africa’s most dynamic and diverse markets, and although its economy remains highly dependent on agricultural output, the development of tourism and the discovery of natural gas in recent years should help offset the country’s depen
Tanzania’s construction industry is undergoing significant expansion, and is a direct beneficiary of the government’s current economic strategy, which focuses on major infrastructure, housing and energy investments. Although recent months have seen the growth rate level off, the election of President John Magufuli in 2015 did help to improve the outlook for the construction sector, following…
The real estate sector in Tanzania is relatively young, with large-scale commercial development only taking off in the 1990s. The 1970s and 1980s witnessed the imposition of rent caps, which acted as stumbling blocks to large-scale building. In the 1990s a structural adjustment resulted in the opening up of the housing sector to private investment and the abolishment of rent controls. Historically,…
Interview:Dhruv Jog, Managing Director, Advent Construction How has the sector evolved since 2015? DHRUV JOG: The construction sector has changed in terms of the proportion of projects in the building segment versus the civil segment. Since 2015 there has been a gradual but clear shift towards civil works, with many more infrastructure projects, namely road, bridge and marine projects, as opposed…
As a direct beneficiary of the government’s current economic strategy, which focuses on major infrastructure, housing and energy investment, and a key player in the ongoing shift of government functions from Dar es Salaam to Dodoma, the construction industry is undergoing significant expansion in both absolute and relative terms. The pace of growth has been fast, with the overall sector valuation…