corporate tanzania 2011 (excerpt)
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The Business, Trade and Investment Guide 2010/2011
CorporatetaNZaNIa
World Economic Forum
on Africa 2010
Dar es Salaam, Tanzania
5-7 May 2010 www.corporate-tanzania.com
With compliments from
H.E. President Jakaya M. Kikwete
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P.O. Box 2939, Dar es Salaam, Tanzania
Tel. +255 22 211 0945-7 / 221 0950-2
Fax +255 22 212 8151 / 211 2573
info@hq.bot-tz.org . www.bot-tz.org
WITH A HIGH GROWTH RATE AND LOW INFLATION,
THE BANK OF TANZANIA HAS CREATED THE IDEAL
ECONOMIC CLIMATE FOR FOREIGN INVESTMENT
IN TANZANIA
BANK OF TANZANIA
WE KEEP AN EYEON YOUR
INVESTMENTS
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TANZANIA| CORPORATE GUIDES2
CONTENTS
K Country Profile4 Tanzania at a Glance6 Tanzania Offering Endless Opportunities
K History & Culture10 History and Culture Overview14 Zanzibar: Spicing it Up
K Politics16 Politics Overview18 The Progress in President Kikwete's Government22 Interview: President Jakaya M. Kikwete23 President's Agenda Vision29 Getting a Grip on Corruption
K Economy30 Economic Overview34 Interview: Mustafa H. Mkulo (MP),
Minister of Finance and Economic Affairs38 Progress and Successes of Privatisations40 Interview: Ms Mkwizu, Chairperson of
Tanzania Private Sector Foundation (TPSF)
K Banking, Finance & Insurance44 Banking and Finance Overview46 Interview: Prof. Ndulu, Governor, Bank of Tanzania52 Electronic Banking in Tanzania54 Insurance Overview
K Foreign Direct Investment56 FDI Overview58 Interview: Ole Naiko, Executive Director of Tanzania
Investment Centre (TIC)61 In Focus:Tanzania Investment Centre (TIC)62 Interview: Abdalla Abbas Omar,
President Zanzibar National Chamber of Commerce,Industry and Agriculture
64 Investment Opportunities66 Procedures for Investing in Tanzania
K Agriculture68 Agriculture Overview70 Interview: Hon. Stephen Masato Wasira (MP),
Minister of Agriculture74 Biofuels78 Interview: Salum Shamte, Chairman of
The Agricultural Council of Tanzania
K Industry82 Industry Overview84 Interview: Dr Nagu (MP), Minister of Trade, Industry
and Marketing90 Processing Local Resources at Home92 Interview: Elvis Musiba of Tanzania Private Sector
Foundation (TPSF)96 Coffee in Tanzania98 Interview: Dr Meru, Export Processing Zone Authority
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CONTENTS
3CORPORATE GUIDES| TANZANIA
K Tourism102 Tourism Overview108 Interview: Hon. Shamsa Selengia Mwangunga (MP),
Minister of Natural Resources and Tourism113 In Focus: Tanzania Tourism Board114 Interview: Hon. Samia Suluhu Hassan, Zanzibar
Minister of Trade, Tourism and Investment118 Zanzibar: Eco & Spice122 Honeymooners and Adventurers126 Conference Travel in the EAC
K Infrastructure Telecommunications & IT128 Telecoms and ICT Overview130 Interview: Hon. Prof. Peter Msolla (MP),
Minister of Communications, Science andTechnology
135 In Focus: Seacom136 Tanzania Goes Online138 Tanzania's Mobile Still Booming
K Infrastructure Transport140 Transport Overview142 Interview: Dr. Shukuru J. Kawambwa (MP),
Minister of Infrastructure Development146 New Developments in Infrastructure
148 Investing in Transport150 Construction Overview
K Energy and Solid Minerals152 Energy Overview154 Interview: Hon. William Mganga Ngeleja (MP),
Minister of Energy and Minerals160 Solar Energy, Renewables and Alternatives162 Gas New Possibilities164 Solid Minerals Overview166 Interview: Ambassador Ami R. Mpungwe,
Chairperson, Tanzania Chamber of Mineralsand Energy
K Legal170 Interview: Harry Kitillya, Commissioner General,
Tanzania Revenue Authority (TRA)175 In Focus: Tanzania Revenue Authority (TRA)
176 Imprint
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CONTENTS
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K Tourism102 Tourism Overview108 Interview: Hon. Shamsa Selengia Mwangunga (MP),
Minister for Natural Resources and Tourism113 In Focus: Tanzania Tourism Board114 Interview: Hon. Samia Suluhu Hassan, Zanzibar
Minister of Trade, Tourism and Investment118 Zanzibar: Eco & Spice122 Honeymooners and Adventurers126 Conference Travel in the EAC
K Infrastructure Telecommunications & IT128 Telecoms and ICT Overview130 Interview: Hon. Prof. Peter Msolla (MP),
Minister of Communications, Science and Technology135 In Focus: Seacom136 Wireless Hotspots138 Tanzania Mobile Still Booming
K Infrastructure Transport140 Transport Overview142 Interview: Dr. Shukuru J. Kawambwa (MP),
Minister of Infrastructure Development146 New Developments in Infrastructure148 Investing in Transport
150 Construction Overview
K Energy and Solid Minerals152 Energy Overview154 Interview: Hon. William Mganga Ngeleja (MP),
Minister of Energy and Minerals160 Solar Energy, Renewables and Alternatives162 Gas New Possibilities164 Solid Minerals Overview166 Interview: Ambassador Ami R. Mpungwe, Chairperson,
Tanzania Chamber of Minerals and Energy
K Legal170 Interview: Harry Kitillya, Commissioner General,
Tanzania Revenue Authority (TRA)
175 In Focus: Tanzania Revenue Authority (TRA)
K Imprint
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TANZANIA| CORPORATE GUIDES4
Country Profile
IndianOcean
IndianOcean
MaswaKilimanjaro
Mkomazi
Tarangire
Burigi
Uwanda
Ugala
Kizigo
Ruangwa
Selous
Mkumi
Lake Victoria
Lake
EyasiLakeManyara
LakeRukwa
LakeTanganjik
a
LakeN
yasa
Lake
Natron
ARUSHA
MARAKAGERA
MANYARA
DODOMA
KILIMANJARO
TANGA
LINDI
MTWARARUVUMA
PWANI
DAR ES SALAAM
ZANZIBAR
IRINGA
MOROGORO
MBEYA
SINGIDA
TABORA
RUKWA
KIGOMA
SHINYANGA
MWANZA
UKEREWE
Musoma
Mwanza
Bukoba
Shinyanga
Babati
Singida
ArushaMoshi
Tanga
Morogoro
Iringa
Lindi
MtwaraSongea
Mbeya
Sumbawanga
Kibaha
Dar Es Salaam
Kigoma
Tabora
DODOMA
Zanzibar
Mafia Island
Koani
Mahonda
Chake ChakeWete
Pemba Island
Tanzania at a Glance
Official Name:
United Republic of Tanzania
Conventional Short Form:
Tanzania
Capital and Seat of Government:
Dodoma, home to the legislative offices and the National
Assembly meetings, is the new official capital of Tanzania;
Dar es Salaam still is the economic capital (approx. 3 mil-
lion residents)
Form of Government:
Republic; multi-party system since 1992, current ruling
party CCM (Chama Cha Mapinduzi)
Head of State and Government:President Jakaya Mrisho Kikwete (since December 21,
2005), CCM. Commander in Chief of the Armed Forces of the
United Republic of Tanzania, Tanzanias fourth President
Area:
946.000 sq km
Population:
40.7 million
Ethnic Groups:
More than 120
Religious Groups (approx.):
Christians (40%), Muslims (40%),
indigenous religions (20 %);
Zanzibar 98% Muslims
Languages:
Swahili (official),
English (official, primary language of commerce,administration and higher education),
Arabic (widely spoken in Zanzibar),
many indigenous languages
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Country Profile
5CORPORATE GUIDES| TANZANIA
GDP at Current Prices
2000 approx. TSH 8.153 billion
2001 approx. TSH 9.100 billion
2002 approx. TSH 10.445 billion
2003 approx. TSH 12.107 billion
2004 approx. TSH 13.972 billion
2005 approx. TSH 15.965 billion
2006 approx. TSH 17.941 billion
2007 approx. TSH 20.948 billion
2008 approx. TSH 24.754 billion
GDP Growth Rate
approx. 4.9 per cent
approx. 6.0 per cent
approx. 7.2 per cent
approx. 6.9 per cent
approx. 7.8 per cent
approx. 7.4 per cent
approx. 6.7 per cent
approx. 7.1 per cent
approx. 7.4 per cent
Inflation Rate: GNI Per-Capita Income:
approx. 6.0 per cent approx. 309.1 current USD
approx. 5.1 per cent approx. 306.4 current USD
approx. 4.3 per cent approx. 312.4 current USD
approx. 5.3 per cent approx. 330.5 current USD
approx. 4.7 per cent approx. 353.3 current USD
approx. 5.0 per cent approx. 379.4 current USD
approx. 7.3 per cent approx. 370.0 current USD
approx. 7.0 per cent approx. 426.8 current USD
approx. 10.3 per cent approx. 506.0 current USD
Economic Indicators
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TANZANIA| CORPORATE GUIDES6
Country profile
In Tanzania, elements of great diver-
sity come together to create harmony.
The heights of Kilimanjaro are balanced
by the depths of the Great Rift Valley and
Lake Tanganyika, while a mostly agri-
cultural people nonetheless have their
urban and industrial centres. The great-
est of these, Dar es Salaam, encapsu-lates in its name one of the countrys
foremost strengths: the citys name
means heaven of peace, and the coun-
trys political stability and peaceful tra-
dition is exemplified in the term.
Population
Tanzania is home to approx. 40.7 mil-
lion people, with 1.2 million of those liv-
ing on the Isles of Zanzibar. Forty per
cent (including around 98% of the popu-lation of Zanzibar) identify as Muslim,
another 40% are Christian, and about
20% hold traditional beliefs. There are
around 120 ethnic groups on mainland
Tanzania, none of which comprise more
than 10% of the population; larger eth-
nic groups include Chagga, Gogo, Ha,
Haya, Masai, Nyamwezi and Sukuma.
This diversity has not led to ethnic or
ideological conflict Tanzanias popu-
lation is untroubled by division and its
political system is stable.
Dar es Salaam is the countrys largestcity and the seat of much of government
and industry, although Dodoma became
the official capital in 1996. Other major
urban centres include Mwanza and
Arusha, but 80% of Tanzanias popula-
tion is rural and derives its income from
agriculture. The national language is
Swahili, a Bantu-based language, while
the countrys official languages are
Swahili and English.
Geography
The largest country in East Africa,Tanzanias total area is 946.000 square
km, making it the 31st largest country
in the world. Stretching to the Indian
Tanzania Offering EndlessOpportunitiesWhile economic diversity and democracy pave the way
The heights of Kilimanjaro are balancedby the depths of the Great Rift Valley andLake Tanganyika.
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Country profile
7CORPORATE GUIDES| TANZANIA
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Country profile
Ocean on its eastern coast, Tanzania
borders Burundi, DRC, Kenya, Malawi,
Mozambique, Rwanda, Uganda and
Zambia, providing an important route
to the sea through the countrys mari-
time ports. Kilimanjaro, the highest
mountain in Africa, is situated among
Tanzanias north-eastern mountains.
The vast plains of the Serengeti, where
the Great Migration sees 2 million
zebra and wildebeest every year follow
the rains from north to south and then
back again, extends from north-west-
ern Tanzania into south-western Kenya.
Lake Victoria in the north is the largest
lake in Africa, and Lake Tanganyika inthe west is the second oldest and sec-
ond deepest lake in the world, after Lake
Baikal in Siberia.
NaturalResources
As well as its breathtaking geograph-
ical features, which each year attract
thousands of tourists from around the
world, Tanzania possesses a wide range
of valuable natural wealth. The country
has deposits of gold, iron, nickel, tan-zanite and other gemstones. Tanzania is
the third largest gold-producing country
in Africa, and after discoveries of new
deposits in the countrys south in 2009,
could before long rise in the ranks to
become the largest producer on the con-
tinent. Uranium deposits were found in
the country in 2009 and production of the
material is due to start in 2012. Natural
gas has been found off Tanzanias coast,
and exploration for oil is ongoing, with
international companies expecting to
find petroleum in the country in the nearfuture. Large amounts of arable land
provide the bedrock for the countrys
agricultural sector and open the door to
a burgeoning and potentially lucrative
biofuel industry.
Economy
Tanzania has been praised by inter-
national organisations for its macroeco-
nomic stability and GDP growth in 2008/9
was 7.4%. The global economic crisis hadits effect on Tanzania as elsewhere, and
GDP growth for 2009 is forecast at 5.5%,
rising to 6% to 2010.
A robust government stimulus pack-
age ensured the countrys economy
came through the global downturn with-
out suffering major turmoil.
Agriculture is the largest sector of the
economy, employing 80% of the people
and accounting for 27% of GDP. Other
sectors are showing promise also tour-
ism and mining have proven strong for-
eign exchange earners in recent years.
Telecommunications was the best per-
forming sector in 2008/9, growing by
20.5%, and construction too recorded
strong growth at 10.5%.
Investmentopportunities
The Tanzania Investment Centre (TIC)
coordinates, promotes and facilitates
investment in the country. The centre
helps both local and foreign investors,
establish businesses and obtain licenc-
es and permits, as well as assisting in
any other matters that arise in efforts
to set up shop in Tanzania, from the ini-
tial stages of planning an investment to
after-care service for established con-cerns.
Investments in Tanzania are guaran-
teed against nationalisation and expro-
priation. The government offers various
incentives to investors, such as import
duty and VAT exemption on capital goods
and guaranteed transfer of net profits
and dividends. For projects over USD20
million likely to offer significant ben-
efit to Tanzanias economy or society,
investors are invited to negotiate special
incentives with the government.
Tanzanias natural riches and peace-
ful climate provide the base for future
prosperity. With the help of interna-
tional investment, the country can see
its promise fully realised in the years to
come.
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Country profile
9CORPORATE GUIDES| TANZANIA
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TANZANIA| CORPORATE GUIDES10
History & Culture
Long before the start of recorded
history, Tanzania was home to human-
itys earliest ancestors in the Olduvai
Gorge in Northern Tanzania, their fos-
silized remains prove that the cradle of
humanity supported these pre-humans
even before the start of mankinds jour-
ney. Since then, the country has seenempires rise and fall and each of the
peoples that have passed through it
have left their mark in its unique history
and culture.
Before the Republic
The societies of inland Tanzania were
made up of Bantu and Nilotic peoples, as
well as remnants of earlier settlers, and
were left untroubled by influence from
outside Africa until the nineteenth cen-tury. On the coast, however, the arrival
of Arab traders in the eighth century was
the start of a long relationship with for-
eign incomers the Persians came in
the twelfth century and the Portuguese
in the early sixteenth century, and in
the early eighteenth century, the region
fell under the control of the Sultanate
of Oman, when Omani Arabs drove out
the Portuguese with the help of the
indigenous people. In the nineteenth
century, Germans and British startedto explore inland Tanzania, and by 1884,
European colonisation had begun.
Britain and Germany carved up the land
between them, with Germany govern-
ing what became known as Tanganyika
and Britain controlling the islands of
Zanzibar through the Sultan of Zanzibar.
European governance was not unchal-
lenged by the people of Tanganyika: the
Maji Maji War of 1905-7 broke out in
resistance to German rule and brought
about the deaths of between 120000and 300000 indigenous Africans. After
the First World War, Tanganyika passed
into the hands of the British Empire,
History and Culture OverviewTanzania's remarkable transformation to one of East Africa's powerhouses
... the Persians came in the twelfth centuryand the Portuguese in the early sixteenthcentury, and in the early eighteenth century,the region fell under the control of theSultanate of Oman.
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History & Culture
11CORPORATE GUIDES| TANZANIA
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TANZANIA| CORPORATE GUIDES12
History & Culture
who continued to administer it when
it became a UN trusteeship after the
Second World War.
Independence and regional involve-
ment
In 1961, Tanganyika got its inde-
pendence, in a peaceful transition of
power between the British authori-
ties and the new political party, the
Tanganyika African National Union.
Julius Nyerere became the countrys
Prime Minister, and the following year,
its first President, when the Republic of
Tanganyika was declared. After Zanzibar
received independence in 1963, it joined
with Tanganyika in April 1964 to form theRepublic of Tanzania. Under Nyerere, the
country experimented with socialism,
one-party rule and a centralised econ-
omy. In 1985, the country held its first
ever multi-party elections and in 1995,
Benjamin Mkapa became Tanzanias
first democratically elected president
since 1961. By then, the country had
transformed itself into a market-orient-
ed economy, begun liberalisation and set
fiscal reforms in train, and established
links with the IMF and the World Bank.
Tanzanias current president, Jakaya
Kikwete, was elected in 2005.
Because of its peaceful political tra-
dition, Tanzania has served as a haven
for refugees from violent events in the
rest of East Africa. The country has
acted as a peace broker and stabilising
influence in the region in the past, play-
ing an important role in negotiations to
end violence in Rwanda and Burundi,
and President Kikwete was hailed for
his involvement in ending the violence in
Kenya in 2008. The establishment of the
East African Community in 2000, signal-
ling a closer union between Burundi,
Kenya, Rwanda, Tanzania and Uganda,
will give Tanzania the opportunity to
develop further in cooperation with its
East African neighbours.
Tanzanian culture
Tanzania is home to 120 different
peoples and ethnic diversity enrichesthe countrys cultural life. Over 100
languages are spoken, most from the
Bantu family, although Swahili is the
national lingua franca. The traditional
ngoma, a Swahili word combining the
meanings of drums, dance and song, is
still practised in festivals by many of the
countrys various tribes, each with their
own specific and spectacular variant of
the activity. Storytelling too is an impor-
tant part of the heritage of Tanzanias
people, as the legacy of an oral tradi-
tion that used its folklore as a means ofentertaining and imparting information
across generations. Tanzanias people
safeguard their individual cultural herit-
age, even as they adapt to embrace the
promise of the twenty-first century.
Storytelling too is an important part of theheritage of Tanzanias people, as the legacyof an oral tradition that used its folklore asa means of entertaining and impartinginformation across generations.
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History & Culture
13CORPORATE GUIDES| TANZANIA
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TANZANIA| CORPORATE GUIDES14
History & Culture
The union between Tanganyika and
Zanzibar in 1964 created modern-day
Tanzania. Since then, Zanzibars major
islands of Unguja and Pemba and the
archipelago in which they lie have
retained a strong and distinctive cul-
tural and political identity. Governed by
the mainland only in matters affectingthe entire union, Zanzibars own parlia-
ment has responsibility for the major-
ity of issues affecting the islands, and
the semi-autonomous union between
Zanzibar and the mainland is a relation-
ship almost unique in the world.
History and people
From the eighth century, Zanzibar
was a trading centre for Persians and
Arabs, who used the islands of Unguja(commonly called Zanzibar island) and
Pemba as a base to control the African
coastline all the way from Mozambique
to Somalia. Zanzibaris claim that their
islands were the birthplace of the
Swahili language, now a lingua franca
across much of East Africa, which origi-
nated from the interplay of the African
indigenous people and the Arab incom-
ers. After 200 years of Portuguese
control, the Sultanate of Oman took
over Zanzibar in 1698, following which
Zanzibar came under the sway of theBritish Empire, becoming a British pro-
tectorate in 1890. In December 1963,
the islands gained independence from
Britain as a constitutional monarchy
under the Sultan of Zanzibar, but one
month later, the Zanzibar Revolution
brought about the establishment of the
Republic of Zanzibar and Pemba. In April
1964, the islands united with the main-
land in the new Republic of Tanzania.
Zanzibars people are in the main
Africans of Bantu descent, with a minori-ty of people with Indian, Persian and Arab
origins. Zanzibaris are mostly Muslim,
unlike the population of the mainland,
Zanzibar: Spicing it UpAn oasis of immense beauty and heritage offer a wealth of experiences
... the semi-autonomous union betweenZanzibar and the mainland is a relationshipalmost unique in the world.
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History & Culture
15CORPORATE GUIDES| TANZANIA
where Muslims, Christians and people
holding indigenous beliefs coexist in
more or less equal numbers. Around
two thirds of the regions 1.2 million
people live on Zanzibar island and the
largest urban centre is Zanzibar City on
the west coast of the island.
Politics
Since 1964, Zanzibar has had its own
government, made up of the President
of Zanzibar, the Revolutionary Council
and the House of Representatives. The
Zanzibari government has jurisdiction
over all matters relating to the islandsthat are not considered to affect the
union between Zanzibar and the main-
land. Still, relations between Zanzibar
and the mainland have at times been
prickly, as the two parts of the coun-
try work at finding a balance between
shared sovereignty and oversight from
the central government in Tanzania.
Internal political conflicts too have
been considerably more pointed than
those on the mainland, with the coun-trys two main parties, the CUF and the
CCM, clashing over government control,
leading to outbreaks of violence after
elections in 2001 and 2005. But talks
between the two parties in October 2009
were hailed as a breakthrough and it is
hoped that the elections due to be held
in 2010 will be the start of a new era of
cooperation between Zanzibars major
political parties.
Economy
The mainstay of Zanzibars economy
for many years was the clove trade. The
first clove plantations were established
in Zanzibar while it was still under the
control of the Sultanate of Oman, and for
a long time, Zanzibar was the worlds big-
gest producer of the spice. But sales have
dropped 80% since the 1970s, in part dueto increased competition from Indonesia
and Madagascar, now the top two players
in the international clove market.
Tourism has emerged as a viable
substitute for the clove industry, as
the islands attract a growing number
of international visitors every year. The
historic centre of Zanzibar City, Stone
Town, is a designated UNESCO World
Heritage Site and the islands many
beaches, impressive scenery and col-
ourful wildlife are a draw for tourists
from around the world.
Investment in Zanzibar is governed
by the Zanzibar Investment Promotion
Authority (ZIPA), which facilitates and
promotes investment in the islands,
including in the islands Export
Processing and Free Zones, where
investors can avail of incentives for pro-ducing export-oriented goods.
The historic centre of Zanzibar City, StoneTown, is a designated UNESCO WorldHeritage Site and the islands many beaches,impressive scenery and colourful wildlife area draw for tourists from around the world.
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TANZANIA| CORPORATE GUIDES17 6
Corporate Tanzania 2010/2011 is a Corporate Guides
International Ltd. publication, produced in collaboration
with the Tanzania Investment Centre (TIC).
Publisher:
Corporate Guides International Ltd.
Executive Director: Elke Gill
e.gill@corporate-guide.com
Editorial Director: Anji Gill
a.gill@corporate-guide.com
Senior Media Consultant: Joanna Bergin
j.bergin@corporate-guide.com
Design & Production:
CONIN Werbeagentur GmbH, Cologne, Germany
Contributors:
Justine Doody, Johnny Paige, Steven Mather,
Lisa Venbrux, Conor de Lion and Anthony Kiely
Please visit our websites:
www.corporate-tanzania.com
www.corporate-tanzania.net
For editorial information please write to:
editorial@corporate-tanzania.net
To advertise within Corporate Tanzania please write to:
advertise@corporate-tanzania.net
To purchase your own copy please write to:
sales@corporate-tanzania.net
Further facts & figures can be found on:
www.corporate-tanzania.net
Sources of Facts, Figures, Graphs, Tables:
Australian Department of Foreign Affairs and Trade
Bank of Tanzania
Economist Intelligence Unit (EIU)
Global Mobile
Governmental Sources
Interviews: Corporate Guides Research
International Monetary Fund (IMF)
International Telecommunication Union (ITU)
Organisation for Economic Co-Operation and Development
(OECD)
Paul Budde Communication
Reuters
Tanzania Bankers Association
Tanzania Communications Regulatory Authority (TCRA)
Tanzania Investment Centre (TIC)Tanzania National Bureau of Statistics (NBS)
Tanzania Revenue Authority (TRA)
Tanzania Tourist Board (TTB)
United Nations Environment Programme (UNEP)
World Bank
World Tourism Organization (WTO)
Image Sources:
Government of Tanzania
Joanna Bergin
iStock Photo
Raji Gill
Corporate Guides International Ltd. (CGI)
www.corporate-tanzania.net
welcome@corporate-tanzania.net
Tanzania Investment Centre (TIC)
www.tic.co.tz
information@tic.co.tz
Imprint
Whilst every effort has been made to ensure the accuracy of the information contained in this book, the authors and publishers accept noresponsibility for any loss, financal or otherwise, sustained by any person using this publication. No part of this publication may be reproduced,stored in retrieval system or transmitted in any form by any means, without prior written permission of Corporate Guides. All rights are reserved.
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Karibu Zanzibar and Pemba
Zanzibar Commission for Tourism
Marketing Zanzibar to the world
Facilitating sustainable tourism development through the creation of a world class destination
Attracting tourism and investment to benefit Zanzibaris and contribute to economic growth
Zanzibar Office:
PO Box 1410
Amaan Road, Near Amaan Stadium
Tel. +255 24 2233485/6
Fax: +255 24 2233448/2230966
Pemba Office:
PO Box 250
Chake-Chake
Tel. +255 24 2452124
Email: zanzbartour ism@zanzibar tourism.net Web: www.zanzibartourism.ne t
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the BANK OF TANZANIA
P.O. Box 2939, Dar es Salaam, Tanzania
Tel. +255 22 211 0945-7 / 221 0950-2
Fax +255 22 212 8151 / 211 2573
WITH A HIGH GROWTH RATE AND LOW INFLATION,
THE BANK OF TANZANIA HAS CREATED THE IDEAL
ECONOMIC CLIMATE FOR FOREIGN INVESTMENT
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