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Tourism
Profile
Tanzania is one of the fastest growing tourist destinations in the world. It is enjoying a healthy growth rate of around 30% per annum in tourism. From a foreign exchange earning point of view, tourism has the potential of beating other industries within a few years.
In terms of its natural resources, Tanzania is blessed with extensive tracts of wilderness and rich diversity of scenery. One-seventh of the country is covered by national parks and game reserves. There are 12 national parks and 15 game reserves which are heavily stocked with a wide range of flora and fauna, but with the exception of the "Northern circuit" of game parks others remain relatively under-exploited. The "Southern Circuit" embraces the well-known Selous Game Reserve, the Mikumi and Ruaha National Parks with a lot of lions, and the under-utilized shores of Lake Malawi and Lake Tanganyika.
Mountain Kilimanjaro
The scenery and topography of the country, including its very friendly people, harbours the growth of excellent cultural tourism, beach holidays, game hunting, historical and archaeological ventures and certainly the best wildlife photographic safaris on the continent. Tanzania is home to the leading wildlife reserves including the largest national park in the world, Serengeti, and the second highest mountain in the world, Mt. Kilimanjaro. All these provide for matchless locations for investment.
Opportunities
The development of Tanzania as a multicentre tourism destination offers considerable potential growth prospect and provides ideal opportunities for investment. New accommodation facilities and hotels are needed with international standards and entertainment facilities, camping, lodges and guest houses.
Opportunities in eco-tourism exist with excellent investment and development potential exists in areas such as The Eastern Arc Mountain ranging from North Pare, the Usambaras, Uluguru and Udzungwa mountains and mangrove forests in Mtwara, Lindi, Coast and Tanga region.
An increasing number of tourists also provide an excellent opportunities in the tour operators and agencies business activities, man made tourist attractions like theme parks and gambling resorts.
There is a considerable potentiality for investment in areas such as Serengeti National Park, Ngorongoro Conservation Area, and Selous Game Reserve which are designated world heritage sites, proclaimed in terms of a UNESCO convention to be outstanding universal value. There are only a dozen of such sites continent-wide and no others in East Africa.
Investment opportunities in hotels development and/or campsite in some of the cultural heritage sites exist. Historical buildings exist in towns such as Bagamoyo, Pangani, Tabora and Kilwa which can be leased to private operators.
Attractive opportunities exist in the development of aquaculture projects in Tanzania. As part of incentives for the sector, no royalty is charged on export of products arising from aquaculture activities.
Other areas which provide excellent investment opportunities include beach tourism, historical sites, developing amusement parks, deep sea fishing, trophy hunting and sea and lake cruising.
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