TO LET: Empty offices, amidst a real estate boom

Tanzania is well on its way to achieving its long coveted middle income status, and the mushrooming skyscrapers in most all its major cities are evidence. Well that’s one way to look at it. You see, where investment is on the raise, it is safe to say the economy is stable and even growing. That is Tanzania for you, a stable growing economy where investment, especially in the real estate sector is growing, and growing exponentially. Tanzania has been enjoying a steady economic growth over the last few years averaging an impressive 7% annually. However, for the sake of this article, lets leave the data in the papers for now and take to the streets, on the ground, what is actually happening? In major cities like the capital Dodoma, development is hands on, on the ground right in front of you. Empty stretches of land are now housing complexes complete with residential and commercial buildings. It is no wonder, only last year the government of Tanzania moved to Dodoma, that is, it officially moved all its ministry and agency offices to the capital. With the move, the country eventually fulfilled the Father of the Nation’s decades old ambition to have