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Showing posts with the label INVESTMENT

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...

Economic Investment Incentives Available in Tanzania

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Economic Investment Incentives Available in Tanzania With an investment climate supported by a sound regulatory framework, improved infrastructure, high-quality telecommunications, and a reasonably professional workforce, the Tanzania’s economy is dynamic and offers substantial tax and other incentives that are designed to encourage investment projects. INVESTMENT TAX INCENTIVES Tanzania recognizes the importance of investment in stimulating economic growth and development in the country and creating a potential for sustainable future revenue generations. A number of tax incentives are granted to both local and foreign investors in a variety of sectors in order to encourage investment. An Investment policy was put in place in 1990 when the Government enacted the National Investment Promotion and Protection Act (NIPPA 1990, which granted tax incentives to investors in the form of tax holidays for a specific period Of time. The NIPPA 1990 was ...

The Tanzania Government Invites You To Discover Some Compelling Reasons To Invest.

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AGRICULTURE AND LIVESTOCK   Current agriculture accounts for 50% of Tanzanians GDP and about 80% of the entire workforce. The governments aim is to encourage commercialization of agriculture procedures in this respect. There are 29 million hectares of irrigable farmland available of which only 280,000 hectares are currently, farmed, we plan to address that position. Planting additional cereal crops, coffee, cotton, sugar cane, sunflower seed and rice, are all farming options. The government has farms, set aside, ready for occupation. Fruit grows well in the rich soil and juice extraction processes as well as packaging companies are encouraged to set up businesses here. The Southern Agriculture Growth Corridor, SAGOT, is one of four zones that have blue prints for investment incentives. A market opportunity exists for commercial horticu...

THE CONFERENCE - TRADE AND INVEST - SET UP BUSINESS IN TANZANIA

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Dear, Trade and Invest – Set up Business in Tanzania The Conference organized in association with Tanzania Investment Center ( TIC) aims to acquaint International Entrepreneurs and Corporations of the Investment opportunities that exist in this high growth region of Africa. This is our invitation for your Company/Institution to take part, in this, major event. The Conference with high profile International Speakers that includes Government Ministers , has attracted investors worldwide. High profile local businesses, information services and Government authorities are wishing to meet these Conference delegates. We are working with TIC ( Tanzania Investment Center ) and TPSF ( Tanzania Private Sector Foundation ) as Joint Partners .   Exhibition stand spaces are offered within the Conference reception area. The display stand size is 3 meters x 3 meters, complete with lighting and fascia name board, the cost of taking part is $1680 plus 18% va t., t...

Security Services: Another Important Investment Opportunity Available In Tanzania.

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Public security and policing services are provided by the Tanzania Police Force and the Tanzania Intelligence and Security Services (TISS). Interpol has a presence in Tanzania and is based in Dar es Salaam. There are few security firms operating in Tanzania relative to the market potential. These private security firms provide a broad range of services and products to businesses and householders, employing about one million guards nationally. Factors such as rapid gains in economic activity, rising personal incomes, foreign direct investment activities, and the increasing belief that public safety forces are overburdened or unable to provide sufficient protection, are positive signs in this sector. High increase of banks imply more opportunity to provide cash-in-transit security, high speed construction of office facilities indicates more room for security providers, and the influx of ...

Broadcasting: Another Opportunity For Investment in Tanzania

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Broadcasting sector constitutes few players who own multiple TV stations and or radio channels. IPP Media, for instance, owns three TV channels, namely ITV, EATV, and Capital Africa Media Group owns four TV channels, known as DTV, Channel 10, CTN and C2C, whereas Tanzania Broadcasting Corporation owns two TV channels, TBC1 and TBC2. Most current information available from TCRA indicated that there are now 29 television stations and 47 radio stations nationwide. With regards to radio broadcasting, FM radio stations dominate the airwaves, most of them focusing on musical entertainment. As of December 2012, TCRA managed to perform a digital broadcast switch, which entails the end of the analogue broadcast as most broadcasting is now digital, the fact that improved the signal quality and increased the coverage area. Given a number of broadcasting players in addition to the nature of products, this sector offers an attractive environment for further investments. Some specific are...

Why Invest In Tanzania Marine Transport?

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The development of ports in Tanzania has a long history extending well over a century commencing with the initial coastal settlements at Dar es Salaam and Tanga in the 19th century. Both ports served hinterlands stretching to Moshi and Arusha in the north and from Dar es Salaam across the country to Kigoma on Lake Tanganyika and Mwanza on Lake Victoria. Lake ports were also developed at these locations to serve the lakeside communities and provide trading nodes to surrounding settlements. Initially, railways were constructed providing access to the hinterlands and linking the lake ports to the coast. The coastal ports became important ports of call for both freight and passenger shipping movements and were the main gateways for international travel between the country and foreign destinations, particularly in the Middle East and Europe which by the 20th century were the primary trading partners. Both sea and inland waterways ports in Tanzania are managed and operated by the Tan...

Opportunity to Invest in Wind Energy Potential in Tanzania

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Although wind energy is one of the most efficient renewable energy sources, it is very variable compared to other sources of energy.    It is also more sensitive to variations in topography and weather patterns compared to solar energy. Wind energy can be harvested at an economical level of the wind turbine is sited in a windy area and a careful choice of the type of wind turbine that matches the wind pattern of the site is made. Thorough knowledge of the wind speed characteristics at a site of interest is very important in planning to harvest the wind energy. A study on wind speed pattern and the available wind power in Tanzania was conducted by Kainkwa and Uiso (1989). The research revealed that a large part of the country has high wind potential. Some sites that had steady and strong winds were identified. It was suggested that further detailed studies should be conducted to investigate the actual wind power at those specific sites. The Setchet site in Hanan...

How, can the Country Technology and Economy Be Transformed by Investing in Telecommunication.

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The main provider of landline (fixed line) telecommunication in Tanzania is Tanzania Telecommunications Company Limited (TTCL). However, there are several registered mobile phone providers, namely Vodacom Tanzania, MIC (Tigo), Bharti (Airtel) Tanzania, Zantel, Halotel, Benson Online, and Dovetel (Sasatel); most of which provide both data and voice solutions.There are also 13 registered Internet Service Providers (ISP), for example, Africa Online, Cats-Net, Raha, UhuruOne, TTCL, Zan Link, ZanLink, SimbaNet, University Computing Center, Millicom, and DATEL. Detailed information on tariffs and services is available online. National ICT Infrastructure Backbone Internet connectivity in Tanzania is available virtually across the entire country. Connections are also reliable, quick and cost-effective. The national ICT infrastructure backbone services are provided by a special unit of Tanzania Telecommunication Company Ltd (TTCL). All regions are now connected to the National I...

Solar Power Generation: A Worthy Investment In Tanzania

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Solar Power Generation: A Worthy Investment In Tanzania Tanzania has high levels of solar energy, ranging between 2,800-3,500 hours of the sunshine per year, and a global horizontal radiation of 4–7 Kilo watt per hour (kWh) per m2 per day.  Solar resources are especially good in the central region of the country, and it is being developed both for off--grid and grid-connected solutions. Off-grid solar photovoltaics: To date, about 6 MWp (megawatt peak) of solar Photovoltaic ( PV) electricity has been installed countrywide for various applications in schools, hospitals, health centers, police posts, small telecommunications enterprises and households, as well as for street lighting. More than half of this capacity is utilized by households in peri-urban and rural areas. The government, through the Rural Energy Agency (REA) and various donors, has supported a number of solar PV programs that target off-grid areas where the cost of lighting from solar is less than from a diesel ...

The way forward Investing in the Air Transport Industry in Tanzania.

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Airports in Tanzania play an important part in the country’s transport infrastructure. In addition to providing international gateways, airports have historically been used in domestic traffic and have been indispensable for pioneering development opportunities in remote rural areas. Overall, the country has 368 airports with the Tanzania Airports Authority (TAA) responsible for 58 airports on the mainland.The majority of the airports are private airfields owned by mining companies and tour operators.  Tanzania has 4 international airports located in Dar es Salaam (JNIA), Zanzibar (ZIA), Kilimanjaro (KIA), and Mwanza (MWZ). The government through the Tanzania Airports Authority (TAA) and Tanzania Civil Aviation Authority (TCAA) has implemented a number of development projects which are designed to further modernize the airports, particularly: JNIA, KIA, and ZIA. At present, there are over 3 million air passengers a year of which approximately 48% are International and...

Investment Opportunities Available in Roads, And Railways Transport Industry in Tanzania

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Investment Opportunities Available in Roads:   •  Building road related infrastructure through Build Operate and Transfer (BOT) •  Partnership among private operators to create medium-size commercial fleet operators. •  Establishment of the commuter city bus transportation companies. •  Provision of infrastructure facilities in major cities like  Dar es  Salaam.  These  Facilities may include  Parking,  Bus  Bays, and Shelters. •  In an   endeavor to   promote PPPs in infrastructure     investment,     Tanzania   is  about  to  enact  a  legislation  which  will  provide  the  necessary  legislative  framework  for  toll  roads,  which  covers  the following areas: •  Grant of concession to the private sector and the right to levy and collect user charges. ...

How Do We Get Connected? Investment Opportunities Available In Transportation Industry In Tanzania.

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There has been a sustained effort on the part of Government to create essential transport infrastructure and services to improve access to jobs, education and health facilities and also to facilitate domestic and international trade as well as strengthen regional integration and attract foreign investment. Tanzania’s transport sector grew at a rate of 30.6% in 2016 reaching TZS743b, compared to TZS569b in 2015 with a growth rate of 9.4%. The results were included in a report recently issued by the Tanzanian National Bureau of Statistics (NBS), covering the country’s GDP performances in 2016 GDP. ( Tanzania Transport Sector Record 30.6% Growth in Q2 2016 Read more at http://www.tanzaniainvest.com/transport/transport-growth-q2-2016). Institutional Sector Reforms  The Ministry of Infrastructure Development oversees the development of the transport sector in the country. It has instituted several reforms aimed at improving transport infrastructure development and managemen...

Investment Opportunities Available in Banking And Financial Sector in Tanzania.

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' ' Over the last two decades, the financial landscape in Sub Saharan Africa has changed enormously. Hand in hand with the various reform programs that have been adopted by many countries in Africa, the banking system across the continent has grown significantly, keeping pace with the remarkable economic growth witnessed in many African countries. The banking system has not only increased in scale but now offers a wider range of services across a much wider geographic coverage than it did a decade ago.'' Prof. Benno Ndulu Governor, Bank of Tanzania (August, 2017) The banking system in Tanzania (which dominates the financial system) is liquid and resilient to most of the shocks. Despite some indications of progress resulting from the reforms, the system falls short of what is needed to support economic growth. This results in high-interest rates on loans, currently 12% to 20%, while the interest rates on deposits are at 2%. The banking sector in Tanzania ha...