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Tanzania is a Country located in Eastern part of the African Continent.
Its Capital City is Called Dodoma, although the largest city and center
of commerce remains Dar es Salaam. Tanzanians are speaking Swahili and
few speaks English.
The economy of Tanzania is sustained by the agriculture sector, the
telecommunications sector, the tourism sector, the banking sector and
the mining industry. The country’s agriculture sector is notable for the
cultivation of crops like corn, cassava, sweet potatoes, beans,
bananas, millet, tobacco, coffee, tea and cotton et al. Tanzania is also
notable for the export of gold, diamonds, Silver, copper, gypsum and
graphite.
One of the fastest growing sectors in Tanzania is the tourism sector. As
a matter of fact, travel and tourism employs over 10 percent of the
total work force of Tanzania. The country’s major tourist sites are
Mount Kilimanjaro (Africa’s highest mountain), Lake Manyara National
Park, Tarangire National Park, the Ngorongoro Conservative Area, and
Zanziber (Serengeti National Park).
Over and above, the economy of Tanzania is rated as a poor economy but
with hope of growth if the natural resources are well harnessed and if
policies are but in place to support entrepreneurs. In essence Tanzania
can be considered as a green field for investors because almost all the
sectors in the country are still very much open.
Here are the 5 hottest business Opportunities you can quickly start in Tanzania.
1.Water Refill Station
The government of Tanzania is still grappling with providing clean and
portable water to its citizens. If you are thinking of starting a
business in Tanzania, then you should consider opening a water refill
station. It is a very profitable venture in Tanzania.
2. Consignment Shop
By all indices, the average Tanzanian is living below the poverty line
and they will be willing to pay less to get the basic things they need.
If you open your consignment shop in any of the towns or cities in
Tanzania, you will have high patronage. Just ensure that you have stuffs
like clothes, shoes, toys, electronics, bags, electric stoves, fridge,
clippers etc.
3. Travels and Tourism Business
Tanzania is a major tourist destination in Africa. The travel and
tourism sector is responsible for the employment of over 10 percent of
the country’s labor force. Presently, the travel and tourism industry is
considered to be the fastest growing sector in Tanzania and it is still
very much open to investors. So if you are looking towards establishing
your own business in Tanzania, then you should consider starting your
own Travels and Tourism Company.
4.Construction Company
Tanzania is rated as an under developed country and it lacks many basic
infrastructure. If you are an accredited investor with interest in the
African continent, it would pay you a great deal to establish a
construction company in Tanzania. There are loads of construction jobs
to be done in Tanzania and the construction companies available in
Tanzania aren’t empowered enough to handle most of the jobs.
5.Mechanized Farming
Tanzania can boast of vast arable land, good climatic condition and
cheap labor force. If you are interested in the Agric sector in
Tanzania, you would be rated above loads of farmers if you engage in
mechanized farming. Although you would require high capital for the
purchase and maintenance of your tractors and heavy duty farming
machines, but the truth is that you will indeed reap good returns on
your investment in the long run.
Tanzania is one of the African Countries that can guarantee good returns on your profit when you invest there.ads2
Hottest Opportunities To Start A Business In Tanzania
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