Author: Padili Mikomangwa

• Tourism is one of key economic sectors championed by President Samia
• At present the economy stands at 5.2 per cent
• President Samia’s administration is pinning its efforts against the backdrop of the FYDP 2021/22-2025/26

Her Excellency, President Samia Suluhu Hassan, Tanzania’s 6th president, has the same dream as her predecessors did – that of making Tanzania a prosperous African powerhouse.  

Tanzania is not new to the ins and outs of development. It has demonstrated to the entire world it is up for a fight towards ascending to the top.  

In July 2021, the World Bank (WB) upgraded Tanzania’s economy from low to lower-middle-income status, indicating that Tanzania means business. 

Since President Samia took office, tackling investment hurdles, improving economic diplomacy and building joint efforts to achieve Tanzania’s development goals have rocketed her administration.  

Numbers pivot towards describing how Tanzania has worked hard to stay stable and relevant in the …

Climate change in Africa costs a lot, and climate extremes hit the region hardest. Between 2014 and 2018, roughly $5 per year, a person was the adaptation funding to each African – standing on less than $5.5 billion per year (World Economic Forum).

It is more than fair to say without financial support, climate change will probably push Africa’s impoverishment to a whole new level, as millions of Africa might be into extreme poverty by 2030.

The latter proves Africa to be at a relatively disadvantageous position as it contributes the least to global emissions and climate change. Yet, it receives minor financial support towards adaption.

READ: COP26 All Talk, No Walk

The previous 26^TH United Nations (UN) Climate Change Conference of the Parties (COP26), dubbed “the world’s best last chance”, provided the global stage with failure.

Despite promising to double funding, high-income countries (and high global emitters) failed …

• World Bank forecast Africa’s economy to grow by 3.6 per cent in 2022
• Circular economy stand to improve job creation and the industrial sector in Africa
• Africa Agenda 2063 could be achieved swiftly by circular economy models

The circular economy is a bankable business model for Africa. It enables the realization of sustainable development in Africa, said African Development Bank’s climate change and green growth department Officer-in-charge AL-Hamndou Dorsouma, according to information from African Development Bank.

Africa’s economy could be revitalized by strategic circular economic models, especially during these recovery times, when Africa is struggling to rebuild its economy hurt by the pandemic.

The circular economy brings an airtight system, solution and framework that utilizes all economic and industrial operations to bring sustainable services and products to the market that maintain the highest value over time – to eliminate waste, reduce energy consumption and increase the durability of products.

READ: …

• Nearly 3 million signatures have been gathered to rally against Maasai eviction by a web-based movement, Avaaz
• Ngorongoro is one of the most exotic tourism attractions in Tanzania
• Tourism is one of the top foreign currency earners in Tanzania

Tanzania’s Ngorongoro Conservation area is one of the most impactful tourism attractions. It is with no doubt this particular area is one of the reasons Tanzania stands at number four in the global rank of most naturally beautiful countries on the planet, according to the natural beauty report done by Money.

A United Nations Educational Scientific and Cultural Organization (UNESCO) Heritage site and an iconic attraction, Ngorongoro puts Tanzania at a fruitful competitive advantage.

The iconic area, which sits in the Ngorongoro Crater, has managed to co-exist with human settlements executing subsistence farming. The Maasai pastoralists have been residing in the Crater since 1959 after being relocated from their ancestral lands …

• Learning poverty is costing African young learners dearly
• Median international school fees in Africa span from US$4000 to US$10000 in Africa
• Free education in Africa is now available across most countries.

Education is the most valuable investment any country can have, but the COVID-19 pandemic places this priceless activity in a rather unprecedented position, threatening the fate of the next generation.

Various numbers and figures  make the latter clearer. According to International Schools Database, Median international school fees in Africa span from US$4000 to US$10,000 in Africa. According to a 2020 based study on 14 countries, the average spending mark on education in Africa was 4.77 per cent.

Out of 53 countries, at least more than 40 provide free education to children in Africa. These numbers are a glimpse of how education is crucial to developing economies, Africa to be specific.

Read: World Bank invests in East Africa’s vocational education…

According to the review, money supply to accommodative monetary policy measures and supportive fiscal policy during the first half of 2021/2022.

Tanzania is a nation whose economy is driven by the healthy participation of the private sector, the sector fair well amid slow times.

Credit to the private sector grew by 5.9 per cent compared with an average of 5.1 per cent from July to December 2020.…

In this context, it is only intelligent and strategic for any country, especially developing economies, to start laying down foundations on how they will work in the coming future.  We take a look at Tanzania. 

The WEF argues that new technologies, demographic shifts, and the impact of COVID-19 on the labour market have been radically transforming how organizations conduct business and the type of skills their human capital needs to support them thrive in this new era of work. 

“Nearly 50 per cent of companies expected that by 2020, automation will lead to some reduction in their full-time workforce, while more than half of all employees will require significant re-skilling and upskilling,” notes WEF. …

Since the advancement of the standard of living, most parts of the world have experienced a relatively rapid population growth than ever before which can be hugely beneficial for economic development if utilized strategically.  

Population growth is rapidly occurring in Africa, with Tanzania now hosting more than 59 million people in its vast, arable and mineral-rich land. This increase puts the East African country, which ascended last year to a low-middle-income status, in a much more advantageous position to move forward or experience a decline. 

The World Bank (WB) – one of Africa’s (and Tanzania’s) close development partner argues that Africa’s population is rising rapidly and will likely double by 2050. 

 READ:It’s a jumbo task as elephant population in Africa soars

“Africa will soon pass one billion people (it may already have) and could reach up to two billion people by 2050. This makes it the fastest-growing continent, and …

The entertainment and media industry has evolved to become one of the most profitable sectors in modern economy. Across continents, entertainment and media (E&M) has levitated talents and shared cultures like no other format since the dawn of time.  

At the same time, media has connected cultures beyond language and physical barriers. Who doesn’t know Diamond Platnumz, Ali Kiba or Zuchu (except for non-Afro pop fans) in East, South and Central Africa, to mention a few? 

From e-papers to virtual reality, modern ways of communication have made information- sharing seamless, and the world has become a village, literally.  

When it comes to entertainment in Africa, Tanzania’s music industry has evolved over the past decade to become one of the most profitable creative performing arts landscapes.  

 International accolades won by Rayvanny, Diamond Platnumz, Ali Kiba, and many more prove how the genre has spilt over multiple locations worldwide, especially high-performing landscapes …

Rwanda has gone a step further and promoted its tourism attractions on the world stage, through sports via its ‘Visit Rwanda’ tagline on England’s Premium League football clubs. 

The EAC core objectives compel the countries to bring collective efforts to promote their industry and share benefits as they come. So far, the EAC treaty (under Article 115) has shown partner states can undertake and develop collective and coordinated approach to the promotion and marketing of quality tourism into and within the community (EAC). 

Hence, the entire concept of coordinating policies in the tourism industry to establish a framework of cooperation is vital, as it will promote the equitable manner of benefit-sharing. …