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The territory
of Tanganyika united with Zanzibar
on April 26, 1964 to form the United Republic of Tanganyika and Zanzibar; which
was renamed United Republic of Tanzania on October
29,1964 The United Republic of Tanzania is located in the East-Africa
region alongside the Indian Ocean; with a total coastline
of: 1,424 km. It has a total
area of: 945,090 sq. km land: 886,040 sq. km (including the islands of
Mafia, Pemba, and Zanzibar) water: 59,050 sq. km The
bordering countries are: Mozambique
on the South (over 756 km); Malawi (over
475 km ) and Zambia (over 338 km) on
the Southwest; the Democratic Republic of Congo
on the west ( alongside the Lake Tanganyika); Burundi
(over 451 km), Uganda (over 396 km) and
Rwanda (over 217 km) in the Northwest
and Kenya (over 769 km) in the North.
National holiday:April 26, 1964.
Population: 31,270,820 (July 1999); 35,922,454 (July 2003 est.).
Population growth rate: 2.14% (1999); 1.72% (2003
est.) Natural
resources: hydropower,
tin, phosphates, iron ore, coal, diamonds, gemstones, gold, natural gas, nickel.
Tanzania's
economy is based on agriculture, which accounts for nearly 50% of GNP, provides
85% of exports, and employs 90% of the work force.
Agriculture productions: coffee, sisal, tea, cotton, pyrethrum (insecticide
made from chrysanthemums), cashew nuts, tobacco, cloves, corn, wheat, cassava,
tapioca, bananas, fruits, vegetables; cattle, sheep, goats.
Topography
and climatic conditions, however, limit cultivated crops to only 4% of the land.The
climate of Tanzania varies dramatically as it has both the highest and the lowest
points on the continent. Industrial
productions - originating
from agricultural products processing (sugar, beer, cigarettes, sisal twine, diamond
and gold mining, oil refining, shoes, cement, textiles, wood products, fertilizer,
salt) accounts for 15% of GNP and is mainly limited to processing agricultural
products and light consumer goods; with a very low growth
rate in the range of 0.4%-1% annum throughout the early years of the last
decade of past century. The new free enterprise economy reform engineered
by President Benjamin Mpaka, boosted industrial production rate to highest level
(4.6% in 1999 over 1998 figures; and a estimation of 8% growth in 2000 over 1999
figures). Indeed,
since mid 1990's, the consensus is quite complete among Tanzanian policy makers
to depart from the state-controlled economy' strategy implemented for three decades
- since the independence - with no improvement for the developing of the country
- to say the least. The World Bank, the International Monetary Fund,
and bilateral donors provided funds to rehabilitate Tanzania's deteriorated economic
infrastructure. There is even a song - composed by Captain John Komba and often
played on the national television, which depicts how the sale of national companies
is a good thing for the global economic development of the country. Click
here for business opportunities available thanks to
the privatization policy now vigorously sponsored by the government.
Now in place is a regulatory framework that put emphasis on privatization;
establishment of a stock exchange, an open market, removal of exchange controls,
free repatriation of earned income, profits and dividends and reliance on market
forces in allocating resources. Banking reforms have helped increase private sector
growth and investment. Click here
for an update on the privatization process. There
are plenty of investment opportunities in agribusiness sector (fertilizer production,
soils preparation techniques, irrigation system setup, crops storage systems as
buffers against famine Etc.). The mining sector is also promising to tape into
the natural resources of the country (tin, phosphates, iron ore, coal, diamonds,
gemstones, gold, natural gas, nickel). Infrastructure establishment: dams, hydropower,
natural gas. Tourism promotion is also another good business opportunity: hotel
construction, safaris circuit organization. Etc.
Natural gas exploration in the Rufiji Delta looks promising. This multi-million
dollar project in southern Tanzania is designed to extract natural gas
from the Songosongo area and transport it 345 kilometers, via pipeline, to Dar
es Salaam, to be converted to electricity. The
consumer base exists - more than 35 millions people. Tanzania is a destination
for investors who want to take advantage of quite a virgin territory where double
digit return on vested money is possible for well planned ventures.

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GNP:
US$ 8.92 billion
(2000); 9.41 (2001); 9.88
(2002 );
10.39 (2003) GNP-growth
rate: 5.2% (2000); 5% (2001); 5.2% (2002); 5% (2003) GNP-per
capita: US$ 287 (2000); US$ 289 (2003)
Click
here for the difference between GNP and Parity Purchasing Power GNP-composition
by sector
-
agriculture:
48.1% - industry:
15.4%
- services:
36.5%
Exports:
US$ 937 million (f.o.b., 2000); 898 million f.o.b. (2002 est.) Commodities:
coffee, manufactured goods, cotton, cashew nuts, minerals, tobacco, sisal
Exports - partners: India 15.2%, Japan 12.4%,
Netherlands 9.2%, UK 6.8%, Belgium 6.5%, Kenya
5.9%, Germany 4.8% (2002) Imports: US$
1.57 billion (f.o.b., 2000); 1.73 billion f.o.b. (2002 est.) Commodities:
consumer goods, machinery and transportation equipment, industrial raw materials,
crude oil. Imports - partners: South
Africa 12.7%, China 7.9%, Kenya
6.6%, India 6.3%, UK 6%, Japan 4.5%, US 4%, Australia 4% (2002) FOR
CURRENCY EQUIVALENCE CLICK
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Tanzania is well connected to its Southern African neighbors through daily or
weekly schedules of their national carriers; and to the Middle East and Europe
through international air carriers: Lufthansa, Swissair, AirFrance, South African
Airways etc...
Its
waterways: Lake Tanganyika, Lake Victoria, Lake Nyasa permit transshipment of
goods and commodities particularly crude oil through a pipeline of 982 km length.
Its
main Ports and harbors are: Bukoba, Dar es Salaam, Kigoma, Kilwa Masoko, Lindi,
Mtwara, Mwanza, Pangani, Tanga, Wete.
Zanzibar Merchant marine has: 7 ships (1,000 GRT or over) totaling 20,618 GRT/26,321
DWT ships by type: cargo 2, oil tanker 2, passenger-cargo 2, roll-on/roll-off
cargo 1 (1998) TOP
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