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Showing posts from July, 2017

Kenya 🇰🇪 Teachers Are The Most Well Paid In East Africa

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ANALYSIS By Dorris Otieno Kenyan teachers are not only the best paid in East Africa, but also earn almost 12 times more than the country's average pay, a comparative study by Nation Newsplex and the Institute of Economic Affairs reveals. Even as teachers go on strike for the 12th time since their first industrial action in 1962, the analysis, which compares teachers' salaries in Kenya with those of their peers in select African countries , also finds that the lowest-paid teacher in Kenya earns more than the highest-paid teacher in Uganda. Uganda and South Africa were chosen as countries against which to compare wages of teachers because they have the most up-to-date data against which the comparison could be made. While Tanzania was not included in the comparison because only average pay for the year 2011 was available, even its figures indicated that Kenyan teachers earn more than their Tanzanian counterparts. The highest paid Kenyan teacher earns almost 12 times more than the...

Investment Opportunities Available in the African Growth Opportunity Act (AGOA) in Tanzania

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 Tanzania’s National AGOA Strategy supports trade related public and private sector players to maximize their utilization of the benefits provided by AGOA. It outlines key sectors and product categories on which Tanzania should focus to increase its trade with the U.S. With the enactment of the AGOA Extension and Enhancement Act (AEEA),  2015 to 2025, Tanzania is poised to reap its benefits. A key benefit is the third country fabric provision, which allows textiles eligible African countries to use fabrics from anywhere in the world in garments destined for the U.S.  During consultations between the East African Community (EAC) ministers of trade, industry, finance, and investment and the U.S. trade representatives held on February 15, 2015, in Washington DC., each EAC Partner State agreed to develop its own national AGOA strategy. The objective of the strategies is to guide the region in developing specific sectors and products for export to the U.S. market to incr...

Investment Opportunity Available in the Energy Sector in Tanzania

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Tanzania is endowed with diverse energy sources including biomass, natural gas, hydro, coal, geothermal, solar and wind power and uranium, much of which is untapped. Commercial energy sources i.e., petroleum and electricity, account for about 8% and 1.2%, respectively, of the primary energy, used. Coal, solar and wind account for less than 1%.  Tanzania has per capita electricity consumption of 46/KWh per annum, which is growing at the rate of 11 - 13 per cent. Hence the government is encouraging investment to expand generating capacity, distribution system and developing indigenous sources of energy. At present, 21% of the population with about 7.4 percent in the rural areas has access to electricity. Considerable scope exists for accelerating the production of electricity to meet the growing demand especially in the rural areas through off-grid solutions. The Tanzania power sector is dominated by a single vertically integrated national utility, Tanzania Electricity S...

Investment Opportunities Available in Information and Communication Technology in Tanzania

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Tanzania has made remarkable progress in deploying Information and Communication Technology ICT. This progress has been well received by the citizens and service providers who are striving to address unmet demand and competition in newly opened markets. Development of science, technology, and innovation capabilities are critical in bolstering the country’s competitiveness. The goals and targets discussed in Vision 2025 that are especially relevant to competitiveness are the promotion of science and technology; education; and promotion of ICTs. The fact unquestionable by many is that productivity growth is driven by the adoption of technology. Utilizing the latest technology in new media ICT will play a crucial role in the transformation process from a resource-based to a skill-based and technology-based economy in order to transform the country’s production structure. The ICT sector in Tanzania offers plenty of investment opportunities. Some of the opportunities include: • E-Bu...

Investment Opportunities Available in the Wine Industry in Tanzania

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Tanzanian wine industry does not have much international recognition, however, it is the second largest producer of wine in Sub-Saharan Africa after South Africa. Compared to the rest of the world, the history of wine in Tanzania is very recent and dates back to just a few years before independence. Tanzania only has one major grape growing region and it is centered around the Dodoma Region. Initially wine production and grape growing were limited to missionaries, however, in 1969 the government entered the market with the formation of the Dodoma Wine Company. Production of Grapes in Dodoma Region Dodoma is the main region in Tanzania where grapes are grown. According to data compiled by the Dodoma regional agricultural office, in the 2014/15 season, there were about 4,810 acres (1,924 ha) under grape production in the region.The total annual production was about 10,800 tons (2015), equal to an average yield of 2.25 tons per acre. However, on account of lack of supply for bulk wine, ...

Investment Opportunities in Integrated Waste Management in Tanzania

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The avenue of providing solutions for solid waste management in the country presents enormous opportunities, especially in Dar es Salaam and other major cities like Mwanza Tanga, Mbeya, Dodoma, and Arusha. Dar es Salaam city produces a substantial amount of metric tons of solid waste per day. Management of this waste through recycling will reduce environmental pollution and offer employment opportunities through commercial ventures. Investors are highly welcome to invest in solid waste management. Recycling of waste can be undertaken through various forms, such as Public Private Partnerships (PPPs) or a private sector initiative, and may be extended to other cities and towns in the country. Specific areas of investment interests include: • Waste disaggregation • Sanitary landfills • Recycling • Sewerage systems maintenance • Cleaning of the polluted rivers and other areas • Modern waste management equipment, such as self-loading trucks, mixers, sorters etc. • Establishment and m...

Investment Opportunities in Water and Sanitation Sector in Tanzania

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Water is one of the country’s most important natural resources. Tanzania is not only endowed with some of the world’s largest lakes, it is also covered with a myriad of rivers and basins. Many of the country’s sectors rely on water as a major input of production, but two sectors stand out as being particularly reliant on water: the agriculture and the energy sectors. As revealed by the government budget speech, just about 1 percent of the 29 million hectares available for cultivation in the country is irrigated. Increasing the water supply to those fields through irrigation would positively affect the growth rate of the sector and the productivity in crop production as a whole. In addition, around 59 percent of the country’s electricity is produced by hydro-energy, making it by far the first source of energy production. A close monitoring of the dams and plants and the water flow reaching those facilities will be crucial in order to stabilize the electricity supply in the coming y...

Investment Opportunities Available in Insurance Sector in Tanzania

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Both present and future market environment offer enormous opportunities for growth of the insurance industry. Data obtained from the Tanzania Insurance Regulatory Authority (TIRA) indicated that insurance market size (with respect to premiums) reached TZS 554.4 billion in 2014, increasing by 17.0% from TZS 474.1 billion in 2013, and the TIRA estimates that the Tanzania insurance sector should have grown by 18.0% in 2014 reaching approximately TZS 559.4 billion. Tanzania insurance penetration (premiums as a percentage of GDP) remained at 0.7% in 2014 as recorded in 2013. The Tanzania insurance premium per capita (insurance density) grew by 13.9% to TZS 12,052 in 2014 from TZS 10,582 in 2013. General insurance business showed a growth of 18.0% in gross premium income from TZS 417.7 billion during 2013 to TZS 494.0 billion during the year under review. Meanwhile, life assurance business volume increased by 7.1% from TZS 56.4 billion during 2013 to TZS 60.4 billion in 2014. The grow...

Steps in Creating Internal Communication Tactics

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Key Steps Include : - Align on the objective, agree on a strategy and tactics, execute tactics and host regular meetings to follow up. You are advised to find the right tools for your team to use. What works for one team might not be ideal for yours, so choose the tools that are going to be the most useful to the work you do. Then, take the time to train your team on how to use it so everyone can get the most from the tools.    Make sure you are approachable with all members of the team. Create an environment where they feel to opening up with questions and problems they might have by encouraging them to share. Do not forget to bring every team member on board for meetings because you never know who could have the next big idea. How can different Businesses Apply those general steps to their specific Content Marketing Needs: Be advised to apply those steps by knowing your business, your products, and your team’s communication challenges. You can work t...

Investment Opportunities Available in the Provision of Health Services in Tanzania

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Tanzania Government in association with several stakeholders has continued to pursue improvements in availability along with the standards of health services. Reproductive and child health services are among key priority areas with an intention to reduce maternal and child mortality rate. As of 2014 , there were 6,321 health facilities in the country with a total number of 45,241 beds. The health care continues to show some improvements, in particular by looking at health indicators. The achievements in health care were mostly due to some specific Government interventions. Besides the achievements made, there are still some areas that need further improvements, such as the number of health care facilities and skilled health care workforce. As evidence, only 35% of required skilled health care personnel were active in rural areas (2009 estimates). For those who wish to invest or give a hand to the health care sector, there are numerous opportunities, especially as demonstrated in T...

Investment Opportunities in the Education Sector in Tanzania

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Investment Opportunities in the Education Sector in Tanzania   The demand for investment in educational services is also enormous.  The government ensures the most of providing education to most of the schooling population.  Lately,  the private sector has been involved to a certain extent,   but the fact remains that,   the capacity of educational institutions—from elementary to college levels—can hardly accommodate just a proportion of the huge supply of prospective students.  Despite the achievements made in this sector,  in order to meet the demand for skilled labor by  2015/16,  institutions of higher education need at least 80,000 skilled graduates each year, which implies almost two times of current enrollment. In addition,   Vocational   Training schools shall need to produce approximately  635,000   compared to current   116,000. These educational goals are in line ...

Investment Opportunities in the Mining Industry in Tanzania

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The Tanzania Mining industry is highly important due to that it accounts for a significant share of the country’s export revenues. The Government’s plan is to have this sector contribute 10% of GDP by 2025. Besides a few major companies, such as African Barick Gold, AngloGold Ashanti, Williamson Diamonds Limited (WDL), etc., this sector contains several medium scale companies and a cluster of small-scale mining companies. Key mineral deposits include coal, copper, diamonds, gold, nickel, silver, uranium, and Tanzanite gemstone, which is found nowhere in the world other than Tanzania. Even though the current discoveries of huge deposits of gas may change the equation, the Government had a long view that coal should become one of the fastest growing areas in Tanzania, mainly because the country planned to deploy coal-fired power to offset the shortage of energy. This sector presents plenty of investment opportunities, such as: • Establishment of gold refinery activities • Establish...

Investment Opportunities in Oil and Gas Exploration and Production in Tanzania

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There have been several gas discoveries on the coastal shore of the Indian Ocean at Songosongo, Mnazi Bay and Mkuranga in Coast Region. These discoveries are catalysts of natural gas developments in Tanzania. Currently, there are 22 Oil Companies undertaking exploration activities for oil and gas in the country. These companies include BG Group, Statoil, Petrobas, and Ophir Energy. Tanzania is becoming a regional hub after a flurry of discoveries, it is said to be blessed with over 41.7 trillion cubic feet of gas reserves at the latest estimates. There are still numerous deep-sea blocks that are yet to be explored. Tanzania Petroleum Development Corporation (TPDC), the National Oil Company is inviting oil and gas companies and other specialized investors to participate in the exploration of hydrocarbons in Tanzania. Companies may apply for tendered out blocks for available blocks, successful companies will be invited to negotiate a Production Sharing Agreement (PSA). Cu...

Investment Opportunities in Power, Energy Generation, and Supply in Tanzania.

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Tanzania is endowed with diverse energy sources including biomass, natural gas, hydro, coal, geothermal, solar and wind power and uranium, much of which is untapped. Commercial energy sources i.e., petroleum and electricity, account for about 8% and 1.2%, respectively, of the primary energy, used. Coal, solar and wind account for less than 1%.  Tanzania has per capita electricity consumption of 46/KWh per annum, which is growing at the rate of 11 - 13 per cent. Hence the government is encouraging investment to expand generating capacity, distribution system and developing indigenous sources of energy.  At present, 21% of the population with about 7.4 percent in the rural areas has access to electricity. Considerable scope exists for accelerating the production of electricity to meet the growing demand especially in the rural areas through off-grid solutions. The Tanzania power sector is dominated by a single vertically integrated national utility, Tanzania Electricit...

Investment Opportunities in the Provision of Different Services in Tanzania

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Investment Opportunities in the Provision of Different Services in Tanzania  Tanzania’s service sector has increased in the last few years relative to other sectors. Tourism, real estate, and business services helped the broader service sector grow to an estimated 43.8 percent of Tanzania’s GDP in 2007.  A worth noting point is how important the Public Private Partnership concept in terms of bridging the gap between the need and supply of high-quality services that require a substantial amount of initial capital investment. Some of these services include transport and communications, which are essentially public utilities, but which, in a developing economy, is too expensive for the Government alone or the private sector to execute, but which, due to the essential nature require close coordination between the public and private partnership. Similarly, utilities like electricity and water are essential services which the public needs, but which also, in develo...

Investment Opportunities Available in Rice Growing Industry in Tanzania:

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Aim:   To take advantage of the growing gap in rice supply by investing in rice production to serve the rapidly growing market in Tanzania and the region. Current Situation: • Around 90%   of Tanzania’s rice production is done by small--scale farmers, on an average farm size of 1.3 ha. • Current rice yields are low, creating an opportunity for investors ready to introduce latest techniques and inputs. • Rice prices in  Tanzania are consistently higher than the global rice price. Market Opportunity: • Tanzania has one of the fastest growing urban populations in East Africa, rising 4.7% per year; the growing middle class prefers rice over other staples: local rice production cannot keep up with demand, driving imports. • Producers in  Tanzania also have the duty--free access to the rest of the EAC, SADC, and COMESA, where demand and imports are also rising.  Tanzania’...

Investment Opportunities on Sugarcane Cultivation in Tanzania

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Investment Opportunities on Sugarcane Cultivation in Tanzania Aim: To develop modern sugar operations drawing on Tanzania’s natural advantages for sugarcane cultivation, and supply the large domestic and regional sugar markets. Current situation: • All 4 existing sugar estates and mills have been rehabilitated by local and international investors and production has increased very fast since privatization in the early 2000’s, growing from 135,000 tons in 2001 to 300,000 tons sugar in 2011. • As current estates reach peak production and expansion potential, the government has put a high priority on attracting investors to develop new Greenfield sugar projects. • Attesting of the attractiveness of the sector in Tanzania, global sugar industry players already present in Tanzania, Illovo and Tereos, are eager to explore these new opportunities. Market Opportunity: • With a rapidly growing population and rising incomes, the Tanzanian sugar market growth is estimated at 6...

Investment Opportunities Available in Southern Agricultural Growth Corridor of Tanzania ( SAGCOT )

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Agriculture is the basis of Tanzania’s economy. It is the major source of employment, a significant export earner and an important component of the national GDP. Yields are low, but with improved access to finance, infrastructure, modern farming inputs and know-how, Tanzania’s smallholder farmers could achieve much higher yields, allowing them to sell into regional and international markets. Launched at WEF Africa in 2010, SAGCOT is a public-private partnership that aims to boost agricultural productivity in Tanzania and the wider region, and thereby achieve the country’s agricultural strategy. SAGCOT will promote “clusters” of profitable agricultural farming and services businesses, with major benefits for smallholder farmers and local communities. By catalyzing large volumes of responsible private investment, the initiative aims to deliver rapid and sustainable agricultural growth and thereby tackle food security, poverty reduction and reduced vulnerability to climate change. ...

Investment Opportunities On Construction Industry In Tanzania

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Investment Opportunities On Construction Industry In Tanzania With Tanzanians’ intent to improve roads, the demand for constructing roads is very high. Good trunk roads are needed not only to connect regions but also the demand is increasing in also connecting district headquarters. The demand, therefore, is huge in investment in road construction even if to facilitate transport of produce from rural to district markets, and to facilitate economic and social-political activities.   While the Government reserves a substantial amount of its budget for road construction each year, there is also a room for those construction companies that solicit funds in special arrangements from their native countries for that purpose. Civil construction is also booming for both commercial and residential buildings to accommodate the high demand of office premises as well as residential houses. Some specific investment areas in the construction sector involve to: • Construct tarmac...

Investment Opportunities Available in Horticulture Industry in Tanzania

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Aim: To establishing modern vegetables, fruits, flowers, spices and horticultural seed business operations for domestic, regional and international markets. Current Situation: • The horticultural industry in Tanzania is the fastest growing industry within the agricultural sector recording an annual average growth of 9 - 12 percent in the past five years. Contribution of the investments in horticultural businesses to total agricultural investments has averaged 17 per cent since 2007. This record of growth is more than double the overall annual grow the rate of the agricultural sector. In 2015, horticulture contributed 38% of the foreign income earned from the agricultural sector.The exports value in 2015 reached US $ 545 million, compared to US $ 64 million in 2007. Horticulture sub sector employs about 2.5 million people, which makes the industry a major employer within the agricultural sector ( https://www.rvo.nl/sites/default/files/2017/05/Studie%20...