Browsing: Lake Tanganyika

• President Mama Samia Suluhu Hassan is leading Tanzania to become Africa’s greatest transportation corridor. 
• The comprehensive transportation developments in Tanzania are strategically designed to boost economic growth, enhance regional trade, and foster regional integration.
• Tanzania faces challenges in financing and meeting construction timelines for its ambitious projects.

In the heart of East Africa, a remarkable transformation is unfolding. Led by President Mama Samia Suluhu Hassan, Tanzania is emerging as a formidable economic powerhouse on the continent. Under her stewardship, the nation strategically harnesses its geographic location and embarks on ambitious infrastructure projects that promise to redefine its role regionally and globally.

With a visionary approach, President Suluhu Hassan is steering Tanzania towards becoming Africa’s most significant transportation corridor. This transformation is anchored in large-scale investments in transportation infrastructure, encompassing rail, road, air, and sea connectivity. These initiatives reflect an acute understanding of the pivotal role that efficient, modern transportation systems …

• In May, Tanzania took a bold but risky step by banning fishing on Lake Tanganyika for three months.
• In the Lake Victoria fishing zone, a new challenge, the smuggling of fish maws, is denying the government revenues.
• Statistics show that Tanzania is also experiencing reduced volumes of Nile Perch caught in Lake Victoria.

Tanzania’s water bodies alone hold plenty of economic activity potential, including the opportunity to harness the country’s billion-dollar fishing industry.

Records from the Ministry of Livestock and Fisheries show that the industry employs nearly 200,000 people directly. Another 4.5 million individuals benefit from the fishing industry’s value chain in Tanzania.

Tanzania’s fishing industry share of GDP

Tanzania’s fisheries contributed 1.8 per cent to the GDP last year and expanded by at least 2.5 per cent. The sector, despite displaying plenty of potential for creating jobs and powering the economy is facing a myriad of challenges. From Tanzania’s …