The year 2020 had a lot of events across the development aisle, and Tanzania’s economic upgrade from low to lower-middle-income status by the World Bank (WB), is worth noting as one of the success stories.

There have been a number of forecasts on the economy of Africa and Tanzania at large, with a variety of predictions which point at different directions.

On June 11 2020, the Tanzanian government confidently, via the Ministry of Finance and Planning stated that the nation’s economy is expected to grow at a rate of 5.4 per cent in 2020 compared to earlier estimates of 6.9 per cent.

It is not every day that young men and young women with burning and out-of-the-ordinary business ideas get to meet an angel investor in an elevator or meet a venture capitalist by fluke.

A local TV show based in Tanzania made that scenario a reality, by bending the ropes of bureaucracy and lengthy proposal-writing to make big dreamers, change-makers and transformative business owners maximize their reach.

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