The Republic of Tanzania
This very large east African country is situates in Eastern Africa between longitude 29 degrees and 41 degrees then Eastwards, Latitude 1 degree and 12 degrees to the south. The rep of Tanzania is neighbored by Kenya to the north east, Uganda to the north, Rwanda in the North West, Malawi in the southeast, Dem Rep of Congo and Zambia.
The United Republic of Tanzania was created out of the union of two independent states namely Tanganyika and Zanzibar. Tanganyika became a sovereign state on 9th December, 1961 and was commemorated a Republic the proceeding year. Zanzibar got its independent on 10th December, 1963 and the People’s Republic of Zanzibar was recognized after the revolution of 12th January, 1964. The two sovereign republics formed the United Republic of Tanzania on 26th April, 1964. On the other side, the Government of the United Republic of Tanzania is a unitary republic formed from the Union Government and the Zanzibar Revolutionary Government.
In the entire East Africa, Tanzania is the biggest (land area). It has a fabulous landscape of mostly three physiographic regions that is to say the Islands and the coastal plains to the east; the inland saucer-shaped plateau; and the highlands. The Great Rift Valley that takes it course from north east of Africa passed central Tanzania. This is an added landmark that makes part of to the scenic view of the country. The country is filled with the largest concentration of wild animals. It also has untouched sandy beaches and Africa’s highest and snow-capped mountain, Mt. Kilimanjaro. Tanzania is habitat to the world renowned National Parks and Game Reserves of: Ngorongoro Crater, Selous Game Reserve, Gombe Stream, Tarangire, Lake Manyara, Udzungwa Mountains Mikumi, Arusha, Ruaha, Saadani, and Mkomazi Game Reserve. Other Game Reserves include: Amani, Kigosi, Ugala, Lukwika-Lumesule, Monduli Mountains, Msangesi and Maswa.
The business town for Tanzania is mainly Dar es Salaam and it Mainland seaport which serves even the neighboring land-locked countries of Malawi, Zambia, Burundi, Rwanda, and Uganda, in addition to Eastern DRC. Other sea ports include Zanzibar, Tanga, and Mtwara. Basing on its geographical and locational advantage, Dar es Salaam Port is taken to be itself as the gateway into East and Central Africa. Furthermore, this makes Tanzania a logical investment destination for investors.
During the Year 2005 General Elections were held and were. From the time Tanzania attained her political sovereignty from the British rulers in 1961, Tanzania has held elections without fail .Presidential and Parliamentary Elections (general elections) have been and are still held after every 5 year period. After the results from the Presidential and Parliamentary Elections that took place on 14th December, 2005, the 4th President of Tanzania, H.E. Jakaya Mrisho Kikwete was affirmed into office on 21st December, 2005 for a five-year term of office. Since 1985, Tanzania has been using a two term limit for the Presidency. President Kikwete’s campaign slogan was “New Vigour, New Zeal, and New Speed: Promoting Better Life for all Tanzanians”. The greatest numbers of Tanzanians have been encouraged by this and have rallied strongly behind the President. The country is filled with political stability and all former Presidents, Vice Presidents, and Prime Ministers stay in Tanzania and are given there due respect. On 25th June, 2006 President Jakaya Mrisho Kikwete was given the office of Chairman of the ruling political party (CCM) by its General Congress.
Economic Policy Stance:
The Government of Tanzania lead by the HE President Jakaya Mrisho Kikwete (famously known as JK) is dedicated to the pursuit of sound, persistent and predictable macro-economic policies with low inflation. The policy position is building on the foundations and good results of the 3rd Phase Government (November 1995 – December 2005) and up coming implementation and policy targeting more successfully and efficiently with “New Vigour, New Zeal, and New Speed”. Ensuring that good governance, adherence to the rule of law, promotion of private sector development and opening-up new areas with high economic potential are part of the main issues of the 4th Phase Government. Increasing on the investments, job creation, export expansion, value addition chains and scaling-up on human capital development are results and complementary actions within the policy standpoint.
Part of the key areas of policy focus is promoting of sustained and shared economic growth. The 4th Phase Government is devoted to pursuing pro-investment and pro-growth policies. Besides, the Government is prepared to promote of public-private sector partnership and in this context, the public and private sectors come together under the umbrella of the Tanzania National Business Council (TNBC), a forum of policy dialogue and consultation between the public and private sectors. Academia, research institutions, NGOs, CSOs and others, are also engaged in dialogue via a number of other forums like the Public Expenditure Review (PER) designed to support the wider participation in policy planning. Tanzania has a sounding national consultative process that cements national unity and social cohesiveness, which eventually contribute to promoting peace, security and stability, attributes that are significant for a favorable investment climate. Because of such attributes, coupled with its vast natural resources base, geographical and locational advantage, a large domestic market and a labour force, Tanzania is a perfect investment destination. In Tanzania, we are ready to welcome FDIs, tourists and joint ventures plus public-private partnerships.