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Browsing: Tourism in Tanzania
- On May 1st, 2024, Tanzania launched the first test run of its state-of-the-art electric train.
- Tanzania Railways Corporation’s General Manager Masanja Kadogosa highlighted the project’s significance in fostering economic growth and enhancing transportation efficiency throughout Tanzania and Eastern Africa.
- Tanzania has purchased 10 sets of locomotives and coaches from the Hyundai Rotem Company of South Korea.
Electric train in Tanzania
Tanzanians now can travel a distance of nearly 200km within one hour and 40 minutes, a significant travel time and a long awaited as the nation ushers in transformative railway structures worth $10 billion.
On May 1st, 2024, Tanzania launched the first test run of its state-of-the-art electric train, Standard Gauge Railway (SGR) from the nation’s commercial pulse Dar es Salaam to its capital Dodoma.
Then came the second experience on July 15th, when the first electric train, transporting ,400 passengers from the coastal city of Dar es Salaam …
- In their letter dated June 26th, 2024, High Commissioners and Ambassadors from 10 countries expressed their dissatisfaction with how the Tanzania Revenue Authority (TRA) handled taxation issues related to investors from their countries.
- The French Embassy acknowledges the contribution to attracting and expanding quality international investment into Tanzania.
- Tanzania has attracted a stock of over $3.87 billion of investments from India, with a total of 675 projects and over 61,000 jobs delivered, making India one of the Top 5 investors in India.
Foreign Investors Challenges in Tanzania
“We are writing to express our concerns regarding both recent and ongoing challenges faced by foreign investors in Tanzania,” said a letter by a group of Ambassadors representing the United States, the United Kingdom, the Kingdom of Netherlands, France, Belgium, Canada, Korea, Sweden and Germany obtained by The Exchange, in part.
According to the letter addressed to January Makamba, Minister of Foreign Affairs …
- Indonesia has agreed to support Tanzania in developing its agriculture industry through funding and training at the Farmers Agriculture and Rural Training Centre in Morogoro.
- Additionally, Indonesia, which also has a thriving pharmaceutical industry, will invest in Tanzania through its pharmaceutical companies.
- As part of this expanding collaboration, the Diplomatic Schools of Tanzania and Indonesia have agreed to exchange students and professors.
A mutually beneficial trade and investment partnership is blossoming between Tanzania and Indonesia. At the centre of this strengthening alliance, the two nations are building bridges and targeting investments in key sectors such as agriculture, minerals, marine resources, the economy, education, diplomatic relations, technology, and trade.
Last week, President Samia Suluhu Hassan made a state visit to the Oceania nation, a move aimed at enhancing bilateral relations and forging new economic partnerships between Tanzania and Indonesia.
President Suluhu’s visit, which took place from January 24 to 26, forged …
Contrary to her predecessor, President Samia’s pro-business approach has yielded impactful results, paving the way to a prosperous investment journey for Tanzania. President Samia’s administration spent the first year and ten months dealing with various drawbacks that hurt the nation’s ability to market its investment potential to the world.
The government of Tanzania has done away with an unfriendly taxation system, complexity in issuing work permits to foreigners, and trade setbacks. Consequently, Tanzania’s pro-investment approach caught international economic analysts’ attention, including global credit rating, research and data, and Moody’s.…
When the first-ever, state-of-the-art tourism documentary featuring Tanzania’s President Samia Suluhu Hassan and narrated by Peter Greenberg, the world’s best travel journalist, and award-winning investigative reporter, “The Royal Tour,” premiered in the US, it was only a matter of time before tourist numbers soared in Tanzania.
Whether it is the most beautiful places to visit in Tanzania or exotic landscapes found nowhere else, Tanzania offers one of the most unique tourism experiences in Africa and the world.…
- Hard work pays – at least for strategic tourism markets such as Tanzania, which stands to become one of the world’s top destinations. Tanzania’s tourism industry emerged strong from a slump triggered by the Covid-19 pandemic.
- Over the past years, a number of top-rated tour firms and sites such as Trip Advisor, Safari Bookings, Visa First, and Craft Travel – have painted Tanzania as one of the most favorable tourist destinations in Africa.
Tanzania is now placed in the same league as South Africa, Africa’s most desired destination by tourists belonging to the Luxe Traveller Club. With iconic Mount Kilimanjaro, the Serengeti National Park and Ngorongoro Crater are some of the leading tourist attractions across the world among its offerings, you don’t have to look far to understand why.
“I was fortunate to stay at the Ngorongoro crater lodge, a stunning five-star hotel, probably one of the best in Tanzania …
The Tanzania Investment Centre (TIC) said that the country garnered a 22.2 percent rise in registered projects over the past five months. 132 additional projects will be registered between July and November of 2022, compared to 102 during the same period in 2021.
Tanzania is making significant progress in attracting the appropriate investment over time and space. This development is attributable to the current government under the leadership of President Samia Suluhu Hassan, whose dedication to expanding investment is shared by the whole economy.
Tanzania's economy is currently at 5,2 percent of GDP (3rd quarter 2022) and 4.9 percent inflation. Notwithstanding this, growth in other vital areas has been crucial to ensure Tanzania's industrialization goals remain on track.
According to a research published by African Mining Market on February 13, the mining industry in East Africa is witnessing tremendous expansion. Whereby, Tanzania’s sector is adding to the GDP whose proportion
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 …