Through Development Vision 2025, Tanzania has committed itself to becoming a semi-industrialised nation by the year 2025. In 2017 we have focused on developing a strong industrial base by establishing export processing zones, special economic zones and other services that promote the exchange of goods. We invite all trading partners to make...
To what extent have EAC members harmonised policies ahead of the creation of a monetary union?
Long before the arrival of Europeans, the territory where Tanzania lies today was a thriving centre of trade with Arab and Eastern merchants. With the establishment of German East Africa in the 1880s, however, more Western influence started to penetrate the area.
The second-largest economy in the EAC, with an estimated population of 53m, Tanzania is one of the biggest consumer markets in the region. A stable democracy combined with extractive wealth, a favourable climate for agriculture, and natural assets such as Mount Kilimanjaro and the Serengeti National Park have helped it build a relatively high...
Decades of growth in trade and foreign investment have seen global economies become more interconnected than ever before. This trend has been reinforced by the steady liberalisation of international trade and investment, at the bilateral, plurilateral and multilateral levels. National economic specialisations, and regional economic and...
Reputed for its stability in the region, Tanzania is also one of sub-Saharan Africa’s fastest-growing economies, boasting average GDP growth of around 7% per year since 2000. The country has historically been an attractive centre for trade due to its strategic location along the continent’s east coast. Until the arrival of European settlers in...
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