Description
According to the 2016-2017 Global Competitiveness Report of the World Economic Forum, Tanzania ranks as the 116th most competitive nation in the world out of 138 nations ranked. It also languishes at 132nd among 190 countries in the World Bank’s Ease of Doing Business annual study. Yet despite challenges, the Tanzanian economy has grown at an average of 7% over the past five years, putting the nation among the world’s swiftest-growing 20 economies, exceeding the Sub-Saharan average growth rate of 4.4%. The IMF also forecasts 7.1% growth for 2017. Other indicators worthy of shouting from the rooftops include inflation, which fell from low double digits in 2011 to single-digit territory by 2016 (as of June 2017, it stood at 5.4%) and FDI inflows, which for 2015 stood at 4.3% of GDP, reflecting the discovery of 45 trillion cubic feet of natural gas.
The Business Year’s country-specific publications, sometimes featuring over 150 face-to-face interviews, are among the most comprehensive annual economic publications available internationally.
This 180-page publication covers green economy, finance, energy, industry, mining, telecoms and IT, transport, construction, real estate, agriculture, health, education, and tourism. The report features dozens of interviews, including:
- John Pombe Magufuli, President of Tanzania
- Fauzia Malik, Founding Member & President, Entrepreneurs Organization (EO) Tanzania
- Dana Botha, Managing Director of BancABC
- Kapuulya Musomba, Acting Managing Director of Tanzania Petroleum Development Company (TPDC)
- Nehemiah Kyando Mchechu, Director General of the National Housing Corporation (NHC)
- Dr. Samwel Ogillo, CEO, APHFTA Tanzania Private Health Sector
The publication also features a range of articles and analysis, including:
- Regional trade blocs
- Five-year development plan II
- Waste pickers
- Stock exchange
- Geothermal
- Gypsum
- Mobile money
- 24-hour services
- Tanzania strategic cities project
- 2020 irrigation target
- Language of education
- Southern circuit tourism
