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. TANZANIA• 29