The Report: Tanzania 2017

With the second-largest population in East Africa, Tanzania is beginning to emerge as a regional powerhouse. The country has been outperforming its neighbours in terms of economic growth for some time, and this looks set to continue. The government expects to move the country from low- to middle-income status by 2025 by focusing on greater industrialisation and the more studious use of abundant natural resources. 

Indeed, although the economy is starting from a low base, all the component parts are in place to meet the government’s ambitious agenda. New discoveries of substantial natural gas reserves will augment the nation’s strong resource base and support the industrialisation programme. In addition, the country has a strong services sector, accounting for the largest share of economic output. With long-held political stability reaffirmed in recent elections, Tanzania is also well placed to capture a larger share of the tourism dollars spent on the continent.

OBG & Tanzania

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