Tanzania, officially the United Republic of Tanzania, is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; the Comoro Islands and the Indian Ocean to the east; Mozambique and Malawi to the south; Zambia to the southwest; and Rwanda, Burundi, and the Democratic Republic of the Congo to the west. Mount Kilimanjaro, Africa’s highest mountain, is in northeastern Tanzania.

Today the country is a presidential constitutional republic with the federal capital located in Dodoma; the former capital, Dar es Salaam, retains most government offices and is the country’s largest city, principal port, and leading commercial center.

The current population of the United Republic of Tanzania is 64,838,384 as of Tuesday, July 4, 2023, based on Worldometer elaboration of the latest United Nations data.

Samia Suluhu Hassan is a Tanzanian politician who is serving as the sixth and current president of Tanzania on 19 March 2021. She is a member of the ruling social-democrat Chama Cha Mapinduzi (CCM) party. Suluhu is the third female head of government of an East African Community (EAC) country. She is also the first female president of Tanzania.

Agriculture in Tanzania represents almost 30 percent of the country’s GDP with three quarters of the country’s workforce involved in this sector. Agricultural land is a pillar of the economy of Tanzania. It contributes significantly to both local consumption and export earnings.

Tanzania is among the countries that have abundant mineral resources including diamonds, gemstones, gold, coal, iron, uranium, helium, graphite, nickel, forest products, domesticated livestock, wildlife, fish and marine resources, natural gas, and oil. Primary exports in terms of value include gold and tobacco, while key imports are capital and consumer goods.

The Tanzanian industrial sector continue to operate poorly and slowly because most foreign investors preferred investing in Kenya where there was better capital and physical and administrative infrastructure.

Tanzania too has one of the world’s fastest-growing young people population. Of the estimated 62 million people in Tanzania, more than 50 percent are under 18, and over 70 percent are under 30 but still, youth are unrecognized and adversely affected in many aspects

The Tanzania Development Vision 2025, has an objective of this development vision to awaken, co-ordinate and direct the people’s efforts, minds, and national resources towards those core sectors that will enable us to attain Tanzania’s development goals and withstand the expected intensive economic competition ahead of us.

Business opportunities in Tanzania

Investing in Tanzania’s mining sector can be a lucrative opportunity as the country is rich in minerals such as gold, diamond, and natural gas. The agriculture sector also offers potential investments in areas such as coffee, tea, and sisal. The tourism sector is also growing with increasing demand for tourism services, especially in areas such as wildlife safari, cultural tourism, and beach tourism.

Tanzania’s manufacturing sector also offers investment opportunities with a focus on agro-processing, textiles, and leather products. The government is also promoting sustainable tourism, which offers opportunities for eco-friendly and community-based tourism projects.

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