Diplomatist Special Report - Tanzania Tanzania 2018 | Page 29

Investment made
easy in Tanzania
With improved investment policies and willingness
to negotiate mutually benefi cial and tailor-made
investment packages with specifi c investors, Tanzania
has become an investment hotspot.
By NYANDA SHULI*
W
elcome to Tanzania. Yes, we invite visitors and
investors to Tanzania. In fact, every strategic
investor must have read and reviewed business
and investment reports about Africa and they already have
an idea of what the resources-rich country can offer.
Like India, Tanzania is a member of the Commonwealth.
That means there is a lot in common and a lot to share between
Tanzania and India. The two countries are supposedly
neighbours, only separated by the Indian Ocean. Regardless
of the diversity between them, they share the English language
and most aspects of the law. All these factors have helped
facilitate trade and investment between the two countries for
centuries. No wonder, then, that Tanzania had a signifi cant
and ever-increasing business community of Indian origin who
fi rst arrived here before India gained independence.
With improved investment policies and willingness to
negotiate mutually benefi cial and tailor-made investment
packages with specifi c investors, Tanzania has become an
investment hotspot of East and Central Africa. Undeniably,
Tanzania is an ideal entry point to the big part of East and
Central Africa. With major 3 ports along the 1,084 km of the
Indian Ocean shoreline on the mainland, the country shares
borders with 8 countries of which 6 are landlocked.
Even more interesting, Tanzania is about to develop a
new modern port in the historical town of Bagamoyo within
the recently declared Bagamoyo Special Economic Zone,
61 km away from the main business city of Dar es Salaam.
Bagamoyo was a big slave market during the dark days of
slave trade, well connected with most slave routes entering
the countryside all the way to neighbouring countries.
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