Browsing: Cost of food in Zanzibar

• Ramadan fasting increases economic activities around the world.
• The travel sector, especially airlines registers higher revenues during pilgrimage after Ramadan fasting.
• Zanzibar has announced tax breaks for consumables during Ramadan fasting.

Every year, from the beginning of Ramadan fasting, Muslim faithful increase spending, travel more and invest significantly to celebrate the Eid vacation.

“As people’s mobility increases, the transport sector’s business also experiences a surge…as people spend the overall economy is stimulated,” explains Abdul Rashid an economist in Tanzania.

The economics of a country change during Ramadan and the months leading to and immediately after the Holy Month. This multiplier effect is felt throughout the world as the Islamic communities prepare, fast and observe the Holy Month.

Take Tanzania for example, the East African country is over 40 per cent Muslim, Ramadan fasting causes increased economic activities ranging from import and export of food, increased spending and pilgrimage related spending.…