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Tanzania: A Prime Destination for Business

Updated: Jun 1




Overview

Tanzania is a thriving East African nation with a growing economy, strategic location, and abundant resources. Businesses looking to expand into Africa will find Tanzania a lucrative opportunity due to its robust market, infrastructure development, and pro-business policies.


Key Statistics

  1. Population: 65 million (2024 estimate), with a median age of 18. Tanzania has a youthful and dynamic workforce.

  2. GDP Growth: 5.2% in 2023, making it one of the fastest-growing economies in Sub-Saharan Africa.

  3. Urbanization Rate: 34.5%, with major cities like Dar es Salaam experiencing rapid growth.

  4. Foreign Direct Investment (FDI): $1.1 billion in 2023, primarily in manufacturing, agriculture, and energy.




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