By Alfred Zacharia
The
Economic and Social Research Foundation (ESRF) has released an in-depth
investment guide for Tanzania’s Kilimanjaro region, emphasizing the area’s
strategic importance and diverse opportunities for local and foreign investors.
The Kilimanjaro Region Investment Guide
outlines a range of investment opportunities in sectors such as agriculture and
agro-processing, tourism, manufacturing, infrastructure, and mining. The guide
aims to attract investors to capitalize on these opportunities, thereby
accelerating the region's economic growth and development.
"This
investment guide is designed to implement the development pathway of the
region, aiming to attract local and foreign investors with interests to invest
in the region," states the guideline book.
The
guide provides essential information for potential investors, highlighting the
opportunities available in the Kilimanjaro region. However, it does not offer
exhaustive information or detailed practical assistance on how to establish
businesses. Located in northeastern Tanzania, Kilimanjaro is renowned for Mount
Kilimanjaro, Africa’s highest peak. The region shares borders with Kenya to the
north, Arusha to the west, Tanga to the southeast, and Manyara to the
southwest. It encompasses six districts and seven local government authorities,
including Moshi Municipality.
The
investment opportunities span various socio-economic sectors, including
industries, agriculture, tourism, health, infrastructure, and education. The
region offers a strategic location, a skilled workforce, and a
business-friendly environment, making it an attractive destination for
investors.
The
guidebook highlights several advantages of investing in Tanzania and the
Kilimanjaro region. Tanzania provides a safe, peaceful environment with
macroeconomic stability, low inflation rates, and a simplified bureaucracy. The
country's membership in the East African Community and the Southern African
Development Community (SADC) enhances its market potential.
Kilimanjaro
covers an area of 13,209 square kilometers and has a population of
approximately 1.8 million people, boasting higher socio-economic indicators
than many other regions in Tanzania. In 2015, the region's GDP was Sh 4,126,036
million, with a GDP per capita of Sh 2,387,031. The region scored an HDI of
0.75, the highest among the 25 regions of Tanzania Mainland.
The
guide identifies seven key investment opportunities: industries, animal
husbandry, agriculture, tourism, health, infrastructure, and education/skills
development. Investing in these areas is expected to boost employment, GDP, and
per capita incomes, contributing to the overall development of the Kilimanjaro
region.
Read more at: https://www.tanzaniainvest.com/wp-content/uploads/2024/07/esrf-kilimanjaro-region-investement-guide-2018.pdf