Tanzania among Africa Top Investment Destinations, Report Indicates
Tanzania was among the leading investment destinations in Africa in 2015, the recently published 2016 African Economic Outlook (AEO) indicates.
The AEO presents the current state
of economic and social development in Africa and projects the outlook for the
coming two years.
The AEO is a product of
collaborative work by three international partners: the African Development
Bank (AfDB), the OECD Development Centre and the United Nations Development
Programme (UNDP).
The top 10 African investment destinations in 2015 were:
Egypt (USD10.2b)
Mozambique (USD4.7b)
Morocco (USD4.2b)
South Africa (USD3.6b)
Ghana (USD2.5b)
Democratic Republic of the Congo (USD2.5b)
Zambia (USD2.4b)
Tanzania (USD2.3b)
Ethiopia (USD2.1b)
Guinea (USD1.9b) and Kenya (USD1.9b) In
East Africa, Tanzania (USD2.3b) and Uganda (USD1.3b) received stable
investments in 2015 despite their lack of significant resources, according to
the report. Still, Tanzania and the other East African countries are
economically more diverse than resource-rich countries and relatively
well-integrated as a region. East Africa, together with West Africa, is also
among the continent’s leading recipients of official development assistance
from all recorded donors. Ethiopia (USD3.6b), Kenya (USD2.7b) and Tanzania
(USD2.6b) topped the list in East Africa, while Nigeria (USD2.5b)was the leader
in the West.
Tanzania Investment Centre (TIC) is
the primary agency of the Government to coordinate, encourage, promote and
facilitate investment in Tanzania.
On 23rd March 2015, TIC and the Investment
Climate Facility for Africa (ICF) signed an agreement worth USD950,000 on a
project to further increase investments in the country.
This will be achieved
by expanding, consolidating and promoting the Tanzania Investment Window (TIW).
The TIW allows investors to register companies and to obtain investment
certificates, work permits and tax exemptions on-line. The agency is now
looking to promote further investment in key economic sectors.
Tanzania was among the
leading investment destinations in Africa in 2015, the recently
published 2016 African Economic Outlook (AEO) indicates.
The AEO presents the current state of economic and social development in
Africa and projects the outlook for the coming two years.
The AEO is a product of collaborative work by three international
partners: the African Development Bank (AfDB), the OECD Development
Centre and the United Nations Development Programme (UNDP).
The top 10 African investment destinations in 2015 were:
Egypt (USD10.2b)
Mozambique (USD4.7b)
Morocco (USD4.2b)
South Africa (USD3.6b)
Ghana (USD2.5b)
Democratic Republic of the Congo (USD2.5b)
Zambia (USD2.4b)
Tanzania (USD2.3b)
Ethiopia (USD2.1b)
Guinea (USD1.9b) and Kenya (USD1.9b)
In East Africa, Tanzania (USD2.3b) and Uganda (USD1.3b) received stable
investments in 2015 despite their lack of significant resources,
according to the report.
Still, Tanzania and the other East African countries are economically
more diverse than resource-rich countries and relatively well-integrated
as a region.
East Africa, together with West Africa, is also among the continent’s
leading recipients of official development assistance from all recorded
donors.
Ethiopia (USD3.6b), Kenya (USD2.7b) and Tanzania (USD2.6b) topped the
list in East Africa, while Nigeria (USD2.5b)was the leader in the West.
Read more at: http://www.tanzaniainvest.com/economy/investment-africa-report and follow us on www.twitter.com/tanzaniainvest
Read more at: http://www.tanzaniainvest.com/economy/investment-africa-report and follow us on www.twitter.com/tanzaniainvest
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