The Report: Tanzania 2018

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 dependence on its primary sector. In 2017 the government formulated its second budget, which forms part of a longer-term strategy of attaining middle-income status by the middle of the next decade. This transformation is to be brought about through a mixture of industrialisation and human development.