Investing in Tanzania
Tanzania is one of the world's poorest economies in terms of per capita income, however, Tanzania average 7% GDP growth per year between 2000 and 2008 on strong gold production and tourism. The economy depends heavily on agriculture, which accounts for more than 40% of GDP, provides 85% of exports, and employs about 80% of the work force. The World Bank, the IMF, and bilateral donors have provided funds to rehabilitate Tanzania's aging economic infrastructure, including rail and port infrastructure that are important trade links for inland countries. Recent banking reforms have helped increase private-sector growth and investment, and the government has increased spending on agriculture to 7% of its budget. Continued donor assistance and solid macroeconomic policies supported a positive growth rate, despite the world recession. In 2008, Tanzania received the world's largest Millennium Challenge Compact grant, worth $698 million. Dar es Salaam used fiscal stimulus and loosened monetary policy to ease the impact of the global recession. GDP growth in 2009-10 was a respectable 6% per year due to high gold prices and increased production.
African Eagle Resources - Dutwa nickel project
Bank of Tanzania - http://www.bot-tz.org/
Barclays Tanzania - http://www.barclays.com/africa/tanzania/index.html
2011-07-22 - (tc) - Tanzania uranium 'for peaceful uses only'
2011-06-22 - (bd) - African Eagle’s Tanzania nickel study may attract investors
Arusha Times (Arusha) - http://www.arushatimes.co.tz/
The Citizen (Dar es Salaam) - http://www.thecitizen.co.tz/
Countries that border Tanzania: Kenya | Uganda | Rwanda | Burundi | Democratic Republic of the Congo | Zambia | Malawi | Mozambique
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