Financial Data
Updated 17 Aug 2018


Tanzania

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Overview

Located in East Africa, the United Republic of Tanzania shares borders with Kenya and Uganda in the north, Rwanda, Burundi and the Democratic Republic of Congo in the west, and Zambia, Malawi and Mozambique in the south.

The country’s economic prospects are positive, with strong foreign investor participation, adequate foreign exchange reserves and relatively low political risk. Tanzania has also steadily diversified its economy, expanding the amount of investment opportunities available to businesses and investors.

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Social overview

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Tanzania offers one of the most competitive labour markets in sub-Saharan Africa, however, scarcity of state funding has constrained the development of secondary and tertiary education. This has resulted in a limited supply of high-skilled and technical labourers.

Approximately 28.2% of the population lived below the poverty line in 2012; a reduction from 34% in 2007. During the 2007/2012 period, there were improvements in living conditions, access to basic education, and health and nutrition, and participation by the labour force in non-agriculture employment. 

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Tanzania’s people
  • Population: 51 045 882 people
  • One of the most competitive labour markets in sub-Saharan Africa.
  • Languages: Swahili and English
  • Scarcity of state funding has constrained the development of secondary and tertiary education. This has resulted in a limited supply of high-skilled and technical labourers.
Environmental overview

Environmental challenges and opportunities within Tanzania include:

  • Soil degradation, deforestation, desertification and the destruction of coral reefs, which threaten marine habitats
  • The country is well placed to increase coffee production over the coming years, as government has committed itself to making support schemes available
  • Lower rain levels are expected to worsen tight food supplies and hamper the production of hydroelectricity, raising costs for businesses and consumers.
The environment
  • Soil degradation, deforestation, desertification and the destruction of coral reefs threaten marine habitats
  • Poor rains are expected to exacerbate tight food supplies and hamper the production of hydroelectricity, raising costs for businesses and consumers.
Technology overview

The Tanzania Telecommunications Company Limited (TTCL) aims to turn the country into an information and communication technology (ICT) hub in East and Central Africa. This will be done through the completion of a national fibre cable network and the official launch of 100% high-speed broadband coverage across the country.

The new broadband network will bring fast and reliable Internet access to homes and businesses in even the most remote locations in the country. One of the benefits of this is that it will encourage new entrepreneurs to establish online businesses.

Currently the mobile sector grew by 16.1% in 2014, compared to a growth of 0.8% in 2013 following the discounting of inactive subscriptions. OneWeb, a company owned by mobile operator Airtel, is meant to boost rural access of high-speed affordable Internet in the country.

Tech outlook
  • The mobile sector grew by 16.1% in 2014, compared to a growth of 0.8% in 2013 following the discounting of inactive subscriptions.
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