 kiznzkem nice building |  domona-Heaven This's Heaven or Hell Domona |  Zanzibar Place 2 not miss in Tanzania |
 Dodoma City Gallery |  parliament-building We got lot of problems? |  mwengestand |
 unguja-city beautifull place |
 tanzania_rukia relax in Malawi eat |  Zanzibar-night Food market in Zanzibar |  Woman_Dancing I was drunk this night |
 AfricaSunset1a Tanzania |  Tanza_Re was busy night |
Bussines in Tanzania
Economy
In 2007 the services sector (trade and repairs, hotels and restaurants, transport, communications, finance, real estate and business services, public administration, education, health, social and personal services) grew by 8.1 per cent compared to 7.8 per cent in 2006. All areas saw strong growth with communications and financial services recording the highest rates of 20.1 per cent and 10.2 per cent, respectively.The communications sector has been boosted by mobile communication services. New financial sector reforms and the associated growth of banking and microfinance have stimulated the financial services sector. The growth of the services sector is estimated at 8.4 per cent in 2008 and forecast to remain above 8 per cent in 2009.Due to its fast growth in recent years, the services sector has replaced agriculture as the leading sector in the Tanzanian economy, accounting for 45.6 per cent of GDP in 2007.
Investment remained strong in 2008 with a 30 per cent increase in public capital formation and a 16 per cent increase in private capital formation. Private consumption rose by 8 per cent and contributed 5.5 percentage points to the 6.8 per cent overall increase in GDP. The external sector's contribution to growth was negative in 2008; import growth outstripped the increase in real exports by a wide margin.
Over the medium term, gross capital formation is expected to rise due to public investment in infrastructure and energy. International financial
conditions could, however, limit the growth of domestic private investment if the financial sector is threatened. The rate of gross capital
formation is forecasted to slow sharply in 2009 but is expected to rise to 10 per cent in 2010. Export growth is expected to slow to less than
1 per cent in 2009 before rebounding to 3.4 per cent by 2010. Though import demand will slow in 2009, it is expected to remain high over the
medium term mainly due to imports of intermediate and capital goods to support the growing service, industrial and construction sectors.
Your commentsIt's not bad place for do business! It's bad to business over here. corrupted oficials and polices following us everytime to get some from us. HIII I WILL GO TANZANIA CAN YOU PLEASE ABOUT THE TRADE INFORM ME THANKS [url=http://priligyonline-dapoxetine.net/]Priligy Dapoxetine[/url] <a href="http://100mgdoxycycline-buy.org/">Order Doxycycline</a> http://lasixonline-buy.com/ |
Post your comments Here.
Politic in Tanzania
During 2008 the government strengthened its stance on public accountability. A report by a parliamentary committee on an emergency power supply scandal led to the resignation of the prime minister and two cabinet ministers, prompting a cabinet reshuffle in February 2008. There were also prosecutions of high ranking officials, including former cabinet ministers suspected of misusing public office and corruption. Another investigation on theft of External Payments Arrears (EPA) funds resulted in the prosecution of high ranking government and business figures after TZS 69.3 billion was recovered out of TZS 130 billion that was stolen. Most of the recovered funds were allocated to an agricultural input fund and the capitalisation of Tanzania Investment Bank. The finance ministry and Bank of Tanzania has asked the IMF to spearhead efforts to plug loopholes and improve existing systems. Presidential and parliamentary elections will be held in Tanzania in October 2010. Hoping that it will past without an accident because common in Africa election to have violance in election. |
What do you think about the current political situation in Tanzania?Your commentsI am looking forward for new general election. I just one wwhich that election past peaceful. It's will be peacefull and good election. We need to be positive! We shouldn't worry too much about the election. we should leave on hands of God |
Post your comments Here.
Top Hotels
|
Top restaurants
|
Place to visit
|
Internet Access
|
Not to miss to see
|
Your commentsIt's Tanzania is good place to visit? Yes, it's nice place to visit I was there with my family for two weeks we loved it. |