I wonder why my fellow countrymen flooding abroad and back glorified opportunities in Tanzania.
Opportunities are always under our feet. We don’t have to go anywhere. All we need to do is to recognize and exploit them.
If you have been thinking to exploit opportunities in Tanzania, stay alert and you will start to notice five industries that have the most opportunity right now and have room to grow long in the future.
Let’s dive in.
1.Building And Construction Sector
The surge in the infrastructures investment (road, railway, and port.) creates immense small and large business opportunities.
Ongoing construction of the Dar es salaam-Mwanza- Kigoma standard gauge railway line that started in 2016 creates immense opportunities.
Not to mention the expansion of Dar es Salaam port, and construction of new roads and maintenance of existing one.
The strong emphasis on the infrastructure investment is the main driver for economic growth between 2017 to 2026.
The number of people who shift from rural to urban areas is doubled in Tanzania, This creates more room for business opportunities in Tanzania such as the construction of households, selling construction equipment, hardware. construction equipment leasing.And real estate business. Construction sector will work long in the future.
The saying, “money is in the soil” hold truth. This is a prosperous sector that has enormous opportunities for the entrepreneurs to exploit. As of writing the agriculture employ 65 percent of the population. It is a sector that employs many people than any other sector in Tanzania.
This creates business opportunities specifically in food crops such as maize, rice, selling and leasing agriculture equipment. Since food is a necessity, with a proper plan you can start food crops farming and reap substantial reward
In 2017, the revenue from the tourism sector was Us$ 2.69 billion and contributed 4.7 to the total GDP in the country. Improvement of the infrastructures, peace and political stability across the country are a drive for the tourism sector growth in Tanzania. If the tourism interest you, then you can join the league and enjoy the national cake.
4.Oil and Gas
One of the emerging and lucrative sector in Tanzania is the oil and gas sector. The latest projects that offer abundant business opportunities in oil and gas is East African crude oil pipeline (EACOP) projects that will move crude oil from Hoima in Uganda to Tanga port in Tanzania.
The project will increase foreign direct investment by 60 percent in Uganda and Tanzania. And trigger the exploration of oil and gas resources in the region. With the supply and demand start to rebalance, and now the oil price has shown sign of recoveries, venturing into oil and gas is the best decision you can make.
Health is the top priority for any human being. The number of people who are suffering from the variety of diseases is jumping day by day.
If you have some expertise in health sector why don’t you come and improve the health status of our people?
Opportunities are immense in this sector. Ranging from setting up a mini medical laboratory, clinical, hospitals, pharmacy and so on. With a lot of people who can’t afford medical services, set up your healthcare insurance business can be the wise decision to pursue.
It doesn’t take the advance degree to realize that reliable and affordable power supply is a major constraint in Tanzania. With substantial operational capital you can come in and set up solar power, wind and other alternative energy to produce electricity in the region.
If you find these guidelines useful leave your comment below. I would love to hear your thought.
If you have any questions, call my mobile (+255655376543) Or feel free to reach out to me via Hussein.firstname.lastname@example.org. I read all the emails.