Browsing: Tourism in Tanzania

invest in Tanzania, LNG Tanzania, Tanzania Oil and Gas

Energy producers argue that Tanzania’s LNG international markets could be worth around 44.3 billion (based on 2021 markets), thus proving how the sector benefits all parties involved in the investment. 

The EACOP pipeline is another success story that Tanzania wears as a badge of honour. It managed to win Uganda over and sweep off Kenya from the deal, as Tanzania’s land laws and policies favoured the project timeline. According to information from the EACOP official website, the oil project will transform oil and gas investment in both countries while increasing their FDI by over 60 per cent during the construction phase alone. 

Mining is another extractive sub-sector that yields profits for both Tanzania and investors. After facing a series of international legal complications, Tanzania's new mining landscape is open for business.

Big global miner such as Barrick Gold has solidified investment in Tanzania mines which produce valuable diamond and gold…

  • Africa is now realising the African Continental Free Trade Area (AfCTA)
  • Africa economy is expected to grow by 3.8 percent in 2022
  • Africa has 60 percent of its population under age of 25

Africa's economy is rising and it has been for a while now. For the intelligent investor, it is wise to rise with it side by side as Africa remains the most naturally endowed continent on the planet. This in terms of human and other natural resources. Hence to Invest in Africa is the next big thing as the region needs a 360 touch on its manufacturing industries.

With projected growth hitting 1.5 billion people, Africa stands as the most profitable ground for investors within the mining, transport and services sector. The region is not only advancing economically but diplomatically too.  

The African Continental Free Trade Area (AfCFTA) is yet another breeding ground for success in the

  • The Royal Tour documentary features the respected US travel journalist Peter Greenberg
  • President Samia drove a manual gear vehicle for the first time in ten years
  • The documentary is slated to be viewed on Apple  TV Plus and Amazon Prime

Tanzania’s tourism industry is targeting to improve visitor numbers after President Samia Suluhu Hassan launched the anticipated Tanzania Royal Tour documentary in New York on Monday.

President Suluhu Hassan’s Royal Tour is yet another milestone executed to enhance tourism in Tanzania. The documentary titled, Tanzania: The Royal Tour, is a series of global television events hosted by Peter Greenberg with President Suluhu Hassan as his exceptional guide—who exposes the rich nature of her nation’s tourism via her leadership eye.

During the premiere of the documentary, President Suluhu Hassan took the liberty to assure millions of potential tourists once again that Tanzania is the best place to spend their vacation, “We …

  • Nearly 3 million signatures have been gathered to rally against Maasai eviction by a web-based movement, Avaaz
  • Ngorongoro is one of the most exotic tourism attractions in Tanzania
  • Tourism is one of the top foreign currency earners in Tanzania

Tanzania’s Ngorongoro Conservation area is one of the most impactful tourism attractions. It is with no doubt this particular area is one of the reasons Tanzania stands at number four in the global rank of most naturally beautiful countries on the planet, according to the natural beauty report done by Money.

A United Nations Educational Scientific and Cultural Organization (UNESCO) Heritage site and an iconic attraction, Ngorongoro puts Tanzania at a fruitful competitive advantage.

The iconic area, which sits in the Ngorongoro Crater, has managed to co-exist with human settlements executing subsistence farming. The Maasai pastoralists have been residing in the Crater since 1959 after being relocated from their ancestral lands …

Rwanda has gone a step further and promoted its tourism attractions on the world stage, through sports via its ‘Visit Rwanda’ tagline on England’s Premium League football clubs. 

The EAC core objectives compel the countries to bring collective efforts to promote their industry and share benefits as they come. So far, the EAC treaty (under Article 115) has shown partner states can undertake and develop collective and coordinated approach to the promotion and marketing of quality tourism into and within the community (EAC). 

Hence, the entire concept of coordinating policies in the tourism industry to establish a framework of cooperation is vital, as it will promote the equitable manner of benefit-sharing. …

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The Tanzanian central bank (Bank of Tanzania – BoT) published a detailed economic bulletin for the quarter ending September 2020, which showed Zanzibar’s economy taking a nosedive contracting by 2 per cent compared to a growth rate of 5.2 per cent in the corresponding quarter in 2019.

Zanzibar—the semi-autonomous region of Tanzania, is taking various measures to enhance economic and trade liberalization that can pave a smooth way for the private sector to get engaged in the local, regional and international arena.…

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Tanzania Budget 2020/2021

The Tanzanian Minister of finance and planning, Dr Philip Mpango brought the fifth government’s revenue and expenditure estimates for the year 2020/2021 before the parliament, and around $15 billion was the requested budget to be endorsed.

The anticipated document—which is also the fifth national budget under President John Magufuli administration, was somewhat a mix of recovery from COVID-19 economic shocks, a progression of development initiatives and a rather relief to several sections of the economy, including scratching off some levies and giving income earners relief.

“The year 2019/20 is ending with unexpected circumstances resulting from the destruction of transport infrastructure caused by heavy rains/floods across the country as well as the Covid-19 pandemic. The government is compelled to allocate more resources.,” Finance and Planning Minister Philip Mpango told Parliament yesterday

Also, as Tanzania reopens its economy after assessing the trend of the pandemic, the minister said that …

Tanzania’s President John Magufuli has confidently provided directives to his government regarding the reopening of the economy, including tourism, sports, and education.

“The trend shows that coronavirus infections are declining,” said the head of state

President Magufuli who is also the Southern African Development Community (SADC) chairman, gave various directives during a swearing-in event of Tanzania’s ambassadors to Kenya, Algeria and Mozambique and the deputy health minister, at the State House in Dodoma.

Education

Since March, schools, colleagues and universities were shut down as part of the government of Tanzania measures to curb the virus. Hence, due to the less-threatening trend of COVID-19 patients in Tanzania, as argued by Magufuli last Sunday, universities are slated to open by June 1 2020.

“With the fall in Covid-19 cases, we have decided that universities should reopen on June 1, 2020. The relevant ministry should make all necessary arrangements within these nine days …

The novel coronavirus (COVID-19) is stealing the life out of the billion-dollar tourism industry in Tanzania, the government has already laid out a warning that at about 477,000 jobs could be lost, while revenue will shrink by 77 per cent if the virus outbreak endures hurting people past October this year.

According to the Tanzanian ministry of tourism, the number of tourists arriving in Tanzania rose from 1.3 million in 2017 to 1.5 million in 2018, whereas this increment made the sector to garner $2.4 billion (7.2 per cent increase) compared to 2.3 billion in 2017.

This means that the forex earning sector could collapse as the virus outbreak takes various dynamics over time and space in Tanzania, thus currently health authorities reports indicated 480 people have contracted the virus and 16 people succumbed by the virus.

Tanzania is one of Africa’s leading tourism markets, with exotic landscapes of the …

It is now a fact that the coronavirus (COVID-19) outbreak is a pandemic according to World Health Organization (WHO), and just from that stand-point, the tourism sector is not safe from the pandemic pinch.

The world is on its heels, nations are now rolling a series of aviation restrictions to curb the virus outbreak, limiting numerous economic and societal operations over space and time—which also have ripple effects on the continent’s tourism sphere.

Currently, more than 4,900 people have died and over 132,000 have been infected globally, according to the WHO.

In Africa—the virus has recently brought two death (in Egypt and Algeria) and serious cases in several nations, including Ethiopia, Morocco, Senegal, Nigeria, Egypt, Algeria, Tunisia, Democratic Republic of Congo (DRC), South Africa, Togo, and Kenya.

According to WHO, there are now more than 100 cases recorded in 11 countries in Africa, Egypt having more than half of the …