How has the sector evolved since 2015?
Real Estate
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Interviews & Viewpoints | Dhruv Jog, Managing Director, Advent Construction: Interview from The Report: Tanzania 2018
Articles & Analysis | Smart and eco-friendly cities grow in popularity globally from The Report: Tanzania 2018
In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Towns and cities are seen as the crucibles of opportunity for many rural...
Articles & Analysis | Rapid economic growth and an expanding private sector reshape Tanzanian real estate from The Report: Tanzania 2018
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...
Articles & Analysis | Boosting local construction capacity a policy priority for Tanzania from The Report: Tanzania 2018
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...
Chapter | Construction & Real Estate from The Report: Tanzania 2018
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...
One of East Africa’s largest economies and most popular tourist destinations, Tanzania is reputed for its stability in the region. Its extractive wealth, favourable climate for agriculture, and natural assets such as Mount Kilimanjaro and the Serengeti National Park have helped it build a relatively high rate of growth over the last decade, averaging 6-7% per year.