Resources - Africa


Tanzania has achieved high growth rates based on its vast natural resource wealth and tourism. GDP growth in 2009-14 averaged an impressive 6-7% per year. In 2014, the Tanzania National Bureau of Statistics (NBS) revised the national accounts using 2007 as a base year, revealing a more sizable economy with a 31.4% larger 2013 GDP than previously calculated. Growth has been driven primarily by transportation, communication, agriculture, manufacturing, electricity, wholesale and retail trade, real estate, and business services. The economy depends on agriculture, which accounts for more than one-quarter of GDP, provides 85% of exports, and employs about 80% of the work force. The World Bank, IMF, and bilateral donors have provided funds to rehabilitate Tanzania’s aging infrastructure, including rail and port that provide important trade links. Recent banking reforms have helped increase private-sector growth and investment.

Tanzania has largely completed its transition to a market economy, though the government retains a presence in sectors such as telecommunications, banking, energy, and mining. Resources include diamonds, gemstones, gold, coal, iron, nickel, forest product, domesticated livestock, wildlife, fisheries and marine resources, natural gas and possibly oil. Primary exports in terms of value include gold and tobacco, while key imports are capital and consumer goods.

Tanzania’s main trading partners are China, India, the European Union (EU) and neighboring Southern African Development Community (SADC) and East African Community (EAC) countries. Tanzania’s exports to the United States are dominated by agricultural commodities, minerals and textiles, while imports from the United States include wheat, agricultural and transport equipment, chemicals, used clothes and machinery.


Micro, Small and medium Enterprises (MSMEs) information portal, a one stop center for all the information you need. The information provided here is brought to you by TPSF in collaboration with FSDT in the endeavor of supporting the entrepreneurs to access important tools of business management, sources of finance, know and understand markets, business networks and above all a self-training materials for those who would like to start business ventures for the first time and to those already doing business to acquire more skills and experience.


This Q&A gives an overview of the key issues in establishing a business in Tanzania, including an introduction to the legal system; the available business vehicles and their applicable formalities; corporate governance structures and requirements; foreign investment incentives and restrictions; currency regulations; and tax and employment issues. This article is part of the global guide to establishing a business worldwide.


Women in Business

The Tanzania Women Chamber of Commerce is an umbrella organization uniting sectoral business women associations, companies, and individuals who have agreed to form a united front to advocate, lobby and network for the well being of their businesses and prosperity of women entrepreneurs. Current membership stands at 6 associations and 20 companies; all together about 2000 members.


World Bank Group Doing Business Report:


Knowledge Management Products:


Market Intelligence:


Tanzanian Economic Outlook:

Economic growth has slowed since the last quarter of 2016, following real GDP growth of at least 7% between 2013 and 2016. Growth in the first two quarters of 2017 averaged 6.8% and was estimated at 6.5% for the full year. Construction, mining, transport, and communications were key growth drivers in 2017. Growth is projected to remain robust at 6.7% in 2018 and 6.9% in 2019, representing one of the best performances in East Africa. A tightening trade deficit, with a drop in imports outweighing a decline in exports, is likely to support growth. Public investment, particularly with ongoing implementation of larger infrastructure projects, is expected to boost growth in 2017 and beyond. However, uncertainty in the business environment, combined with stalling private-sector credit growth, could hinder private-sector investment.