Browsing: investing in Zanzibar

The Bwefum ICT Community Centre is one of 11 ICT hubs, which the union government through the Universal Communication Service Access Fund (UCSAF) has constructed in Unguja and Pemba along with supporting the construction of 42 other communication towers across the islands.

These towers improve ICT across the island and as a result it means improved interconnectivity between businesses, government authorities and the general public.

President Mwinyi emphasized that inter-connectivity will help improve social services. For example, when it comes to healthcare provision, ICT is vital in communication between service providers allowing for the transfer of patient and staff info seamlessly in the shortest time possible.

Africa’s nascent digital sector is expanding thanks in large part to innovation. In reality, at least 1031 innovation centres were active throughout Africa as of October 2021, according to research by Briter Bridges and AfriLabs, and there is a strong desire to establish more.

These hubs include coworking spaces, incubators, and accelerators that promote the region’s transformational economic growth and development through entrepreneurship and innovation.

According to the Briter Bridges and AfriLabs study, Nigeria has the most densely populated ecosystem, with 164 operating hubs, 149 of which are domestic and 15 of which are foreign; Kenya and South Africa follow suit with 100 and 90 hubs each.

According to the survey, North Africa has rapidly expanded over the past five years, with over 200 hubs in Egypt, Tunisia, and Morocco.

The ZIPA Executive Director said Zanzibar’s government recognizes that these islets possess sensitive ecosystems and are already home to thriving fishing and agricultural communities. As such, potential developments require careful planning, handling, guidance and oversight, and potential investors will need to adopt a holistic approach in implementing future projects.

“Our investors Expressions of Interest should provide information demonstrating that they possess experience and the ability to develop, operate and manage investment projects.”

“They should also demonstrate financial capacity, and skills in conserving environments, biodiversity, cultural heritage and community development. Interested Investors should specify the intended small island/islands for investment and provide detailed information on the kind of high-end investment intended.”