U.S. Tanzania Economic Guide 2022
December 13, 2022
With over $5.6 billion in projected consumer and business expenditures on the continent by 2025 and a population of 1.2 billion, expected to double by 2050, we firmly believe that Africa is the future of the global economy. Business Center and Tanzania has been and will continue to be a regional leader in attracting Senior Vice President, investments into various sectors. Prospects abound in agriculture, tourism, U.S. Chamber of Commerce natural resources, ICT, and infrastructure, providing tangible investment opportunities in the country’s 31 regions across the mainland and the islands of Zanzibar, Pemba, and Mafia. The Economic Guide to Tanzania provides insights into numerous sectors for which Tanzania is well known. The Chamber of Commerce of the United States is the world’s largest business organization. Our members range from the small businesses and chambers of commerce across the country that support their communities, to the leading industry associations and global corporations that innovate and solve the world’s challenges, to the emerging and fast-growing industries that are shaping the future. For all the people across the businesses we represent, the U.S. Chamber of Commerce is a trusted advocate, partner, and network, helping them improve society and people’s lives.
The Chamber’s U.S.-Africa Business Center (USAfBC) is a leader of the U.S. private sector’s commitment to Africa to advance policies that attract more significant investment and support trade with our partners throughout the continent. Since 2009, the Chamber has led the U.S. business community in a new period of unprecedented engagement with Africa’s regional economic communities, the established African private sector, and small and medium-sized enterprises (SMEs).
We work closely with Tanzania’s public and private sectors to expand the commercial relationship between our two nations. In April 2022, the Chamber signed a Memorandum of Understanding with the Tanzania Trade Development Agency to solidify the organization’s commitment to expand trade and investment and build business linkages between the U.S. and Tanzania, one of the world’s fastest-growing economies.
We hope that the comprehensive nature of this guide will offer helpful information to individuals and companies keen on investing in one of Africa’s fastest-growing yet largely untapped investment destinations —Tanzania.