Looking for an emerging investment destination in Africa?

Tanzania: The Jewel of Investment in Africa

Are you looking for an emerging investment destination in Africa? Look no further than Tanzania, the hidden gem of the continent!?

But why is Tanzania becoming the go-to destination for investors? Let's dive into the details!

With a growing economy, strategic location, natural resources, tourism industry and business-friendly policies, Tanzania offers investment potential in various sectors.

Tanzania's pro-business stance is attracting increasing investment to the country, with the number of registered projects in February 2023 reaching 41, a 128% increase from February 2022. The total value of these projects was $339.2 million, and they are expected to create 7,370 jobs. This represents significant growth from the previous year, where only 18 projects were registered, valued at $75.9 million and expected to create 1,247 jobs.

The investment growth can be attributed to Tanzania's efforts to streamline licensing and permit procedures, and the government's commitment to supporting investors. The transportation sector accounted for the most significant investment, with 46% of the total value of projects registered, followed by agriculture, manufacturing, tourism, and commercial buildings.

• Transportation was the most significant sector with a total project value of 156.17 million USD, accounting for 46% of the total investment.
• Agriculture and manufacturing were the second and third most significant sectors with a total project value of 90.20 million USD (27%) and 53.68 million USD (15.8%), respectively.?
• Tourism and commercial sectors also received investments, with a total project value of 29.02 million USD (9%) and 10.15 million USD (3%), respectively.

Foreign direct investment was also attracted to the manufacturing, tourism, and agriculture sectors,? which emerged as the top three leading sectors in attracting investment from foreign businesses.

Tanzania's investment landscape continues to transform under the leadership of President Samia Suluhu Hassan, who recently moved the investment docket from the Ministry of Industry and Trade to the President's Office. With a 413% increase in expected capital investment from January to February 2023, Tanzania's pro-business stance is sending a positive message to investors, making it an attractive investment destination.

At Select Global Solutions, we understand the importance of keeping businesses informed about the latest developments in the region. As an Executive Search and Recruitment firm that specializes in Africa, India, the Middle East, and other emerging markets, we help clients secure the right talent and provide job seekers with access to exclusive job listings and guidance on the hiring process. With our extensive network and expertise, we assist both clients and job seekers in achieving their goals in Tanzania and beyond.?

To learn more about our services, please visit our website at https://www.selectglobal.co.in/.

Don't miss out on the opportunity to invest in Tanzania and reap the benefits of this hidden gem.

Contact us today!

Note: The data mentioned above has been collected from multiple reliable sources.