The Tanzania Investment Centre (TIC) has identified priority sectors it now promotes to both local and foreign investors as the country`s focus shifts from exports of raw materials to value addition and industrialization.
The realignment is formed by the fact that it is through industrialization that the country can create the much needed employment, expand markets for its agricultural products and generate income to investors and boost government revenues.
The investment centre`s website welcomes investors in priority sectors such as agriculture, manufacturing, livestock and fisheries, tourism, precious stones and metals, along with information and communications technology (ICT). The priority sectors are based on the Five Year Development Plan II covering the period 2016/2017 to 2020/2021. President John Magufuli has placed more emphasis on industrialization as the main agenda for the government, aimed at transforming Tanzania to a semi-industrialized nation by 2025.
The President also wants the country to accelerate economic growth while making sure that the quality of that growth benefits majority of the people by significant poverty reduction job creation and strengthening implementation effectiveness.
In the agricultural sector, investors are invited to venture into cultivation of prioritized crops including maize, sugarcane, rice, sunflower, pulses, floriculture, cotton, sisal, grapes and simsim. Investors can also take part in the development of out-growers to complement the sources of raw materials for industries as appropriate.
In the livestock subsector, opportunities are in meat, dairy and leather processing while in fisheries investors can establish fishing ports and engage in deep sea fishing in the country`s exclusive economic zone. There are plenty of opportunities in the fisheries sector such as establishment of fish processing plants and modern fishing boat building yards, establishment of dry docks and eco-tourism facilities. Investors may also choose to engage in the production of formulated fish feeds and live fish foods as well as establishing the commercial fish cage culture in the sea shore and fresh water facilities.
Opportunities in the manufacturing sub-sector include establishment of special economic zones (SEZs) and export processing zones (EPZs), industrial centers and logistics centers. In the automotive, the focus is on the establishment of assembly plants and spare parts manufacturing facilities while in the pharmaceuticals, investors will be tasked with rehabilitating and providing support to strategic pharmaceutical industries.
Further, local and strategic local and foreign investors may venture into agro processing industries to add value to crops as well as forestry, fisheries and livestock products. Other investment opportunities in the manufacturing subsector are sugarcane farming and establishment of processing industries, edible oil processing, gas and chemical industries particularly the construction of a liquefied natural gas (LNG) plant expected to be constructed in the Lindi Region.
In the tourism sector, opportunities are available in the construction of tourist accommodation facilities, leisure parks, conference tourism facilities, and provision of air/ground transport.
In ICT, investors can deal with provision of mobile phone services especially in the rural areas as currently penetration is higher in the urban areas. There is also need for provision and operation of value added network for data services (internet, voicemail, electronic mail services), plus repairing and maintenance of telecommunications facilities.
There are also infrastructure projects which provide exciting Public Private Partnership (PPP) opportunities for investors looking to capitalize on the country`s growing economy. On mining and metals, opportunities are available in the processing of precious metals and gemstones, establishment of caustic soda refinery plant at Engaruka in Arusha region, iron ore and steel processing at Liganga in Njombe region, processing of nickel at Kabanga in Kagera region and uranium extraction at Mkuju in Ruvuma region.