KwetuKwanza
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- Mar 13, 2023
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Tanzania, ambayo kwa muda mrefu imeonekana kama moja ya nchi zenye viwango vya juu vya kiuchumi katika Afrika Mashariki, sasa inavuma kwa uongozi wa Rais Samia Suluhu Hassan. Tangu kuchukua madaraka mnamo Machi 2021, Rais Samia amejitokeza kama mtu wa mageuzi, akiiongoza nchi kuelekea utulivu, usawa, na ukuaji wa kiuchumi.
Uongozi wake haujatu tu kuamsha matumaini ndani ya nchi, bali pia kuipa Tanzania nafasi muhimu katika mazingira ya kiuchumi ya kanda hii.
Zama Mpya ya Uongozi
Rais Samia Suluhu Hassan alifanya historia kwa kuwa rais wa kwanza mwanamke wa Tanzania, akivunja vikwazo katika eneo la kisiasa ambalo kwa muda mrefu limekuwa likiongozwa na wanaume.
Kuongozwa kwake kulifuata baada ya kifo cha ghafla cha mtangulizi wake, John Magufuli, ambaye wakati wa uongozi wake ulionyesha maendeleo makubwa ya miundombinu lakini pia sera zinazozua mabishano.
Hata hivyo, mtindo wa uongozi wa Samia umekuwa unaojulikana kwa uhalisi, mazungumzo, na juhudi za kukuza umoja.
Mtazamo wake umeonekana hasa katika juhudi zake za kurekebisha uhusiano wa kidiplomasia na kuvutia uwekezaji wa kigeni.
Tofauti na sera za mtangulizi wake zilizokuwa za kujitenga, Samia amekubali msimamo wa wazi na wa kushirikiana, akishirikiana na washirika wa kimataifa na majirani wa kanda ili kuimarisha matarajio ya kiuchumi ya Tanzania.
Mageuzi ya Kiuchumi na Ukuaji
Chini ya uongozi wa Rais Samia, Tanzania imeona mwelekeo mpya wa kuzingatia mageuzi ya kiuchumi na utofautishaji. Uchumi wa nchi, ambao kwa muda mrefu umetegemea kilimo, sasa unaona ukuaji katika sekta kama vile madini, utalii, na nishati.
Uwiano wa kimkakati wa Tanzania, rasilimali asilia nyingi, na miundombinu inayoboreshwa vimeifanya kuwa mahali pazuri pa wawekezaji wanaotafuta fursa katika Afrika Mashariki.
Moja ya mafanikio makubwa ya Samia imekuwa uwezo wake wa kurejesha imani katika mazingira ya biashara ya Tanzania.
Serikali yake imeweka kipaumbele uwazi, kurahisisha michakato ya kiserikali, na kutekeleza sera zilizolenga kuvutia uwekezaji wa moja kwa moja wa kigeni (FDI).
Juhudi hizi hazijaenda bila kutambuliwa, huku waangalizi wa kimataifa wakisifia mwelekeo mzuri wa kiuchumi wa Tanzania.
Miundombinu na Ushirikiano wa Kanda
Maendeleo ya miundombinu ya Tanzania yamekuwa msingi wa mkakati wake wa kiuchumi.
Bandari za nchi, hasa Bandari ya Dar es Salaam, hutumika kama milango muhimu kwa nchi zisizo na pwani kama vile Zambia, Malawi, na Jamhuri ya Kidemokrasia ya Kongo.
Chini ya uongozi wa Samia, uboreshaji unaoendelea wa bandari na mitandao mingine ya usafiri unaimarisha jukumu la Tanzania kama kitovu cha biashara ya kanda.
Zaidi ya hayo, ushiriki wa Tanzania katika Eneo la Biashara huru la Afrika (AfCFTA) unaonyesha juhudi zake za kushirikiana kiuchumi na nchi jirani.
Kwa kukuza uhusiano wa karibu wa kiuchumi na nchi jirani, Tanzania iko tayari kufaidika na fursa kubwa zinazotolewa na soko la watumiaji linalokua la Afrika.
Maendeleo ya Kijamii na Ushirikiano
Rais Samia pia amechangia maendeleo ya kijamii, akisisitiza umuhimu wa ushirikiano na usawa wa kijinsia.
Serikali yamechukua hatua za kushughulikia masuala kama vile elimu, afya, na uwezeshaji wa wanawake, kwa kutambua kuwa maendeleo endelevu hayawezi kufikiwa bila kuwekeza katika mtaji wa binadamu.
Uongozi wake umewahimiza kizazi kipya cha Watanzania, hasa wanawake na wasichana, ambao wanamwona kama kioo cha matumaini na ushahidi wa uwezekano wa kuvunja vikwazo vya kijamii.
Changamoto na Njia
Licha ya maendeleo, changamoto bado zipo.
Tanzania bado inakabiliana na masuala kama vile umaskini, ukosefu wa ajira, na hitaji la kuendelea na utofautishaji wa kiuchumi. Zaidi ya hayo, kupungua kwa uchumi wa kimataifa na athari za mabaki ya janga la COVID-19 vinaweza kuwa hatari kwa mwelekeo wa ukuaji wa nchi.
Hata hivyo, mtazamo wa Rais Samia wa kimazoea na wa kutazamia mbele umejenga matumaini miongoni mwa Watanzania na waangalizi wa kimataifa. Uwezo wake wa kusuluhisha changamoto ngumu huku akizingatia maendeleo ya muda mrefu unaashiria mwendo mzuri wa Tanzania.
Kimulimuli cha Matumaini Afrika Mashariki
Tanzania inapoendelea na safari yake ya kuwa nguvu ya kiuchumi katika Afrika Mashariki, Rais Samia Suluhu Hassan anajitokeza kama kimulimuli cha matumaini na maendeleo.
Uongozi wake haujatu kuibadilisha Tanzania ndani ya nchi, bali pia kuimarisha nafasi yake kama mchezaji muhimu katika kanda hii.
Kwa mtazamo wazi, juhudi za kushirikisha wote, na mwelekeo wa maendeleo endelevu, Rais Samia anapisha njia kwa mustakabali mkavu wa Tanzania na watu wake. Nchi inapoendelea kuinuka, dunia inatazama, na hadithi ya mageuzi ya Tanzania chini ya uongozi wake bado haijakwisha.
Chanzo cha taarifa: gfmag.com
Tanzania’s socioeconomic transformation drives economic dominance by attracting substantial investments and dominating intraregional trade.
Tanzania is undergoing eye-catching socioeconomic transformation. The East African nation has opted to go on quietly pursuing economic supremacy. Outsiders, however, are taking note.
Kenyan President William Ruto is among them. In late November, he acknowledged Tanzania’s trade performance, which is disrupting the status quo within the East African Community (EAC) bloc.
Tanzanian commercial center Dar es Salaam has dethroned Nairobi in trading of goods and services, and it now dominates intraregional trade valued at $12.1 billion in 2023.
“Today, Tanzania has overtaken Kenya, and I must commend them for the progress they are making,” said Ruto, speaking to the EAC Heads of State Summit.
Trade is just the beginning. International Monetary Fund (IMF) projections indicate that, going by the current rate of economic expansion, Tanzania will overtake Kenya as the EAC’s biggest economy in less than a decade.
The country’s socioeconomic transformation has been accelerating at an unprecedented pace over the past decade.
The architects have been the late President John Pombe Magufuli, with a very combustive and controversial approach, and his successor, President Samia Suluhu Hassan, who favors a subtle but firm style.
The results are evident. GDP growth has averaged 5.5% over the past 10 years, making Tanzania one of the world’s fastest growing economies. The momentum persists, with growth forecast at 5.4% in 2024 and 6% in 2025.
“Tanzania has a reputation for peace and stability compared to [other] countries in East Africa,” says Tenda Msinjili, head of banking and finance at law firm Clyde & Co.’s Tanzania office.
This puts Tanzania among the few countries in Africa where investors can plan for the long term without fear of sudden political upheavals.
Stable democracy, accompanied by critical economic reforms and interventions, has seen Tanzania emerge as a bastion of foreign direct investment (FDI).
Investors are flocking to the country to exploit opportunities in sectors like mining, energy, agriculture, tourism, manufacturing, transportation, and commercial real estate.
UNCTAD’s 2024 World Investment Report shows that while FDI inflows into Africa declined by 3% in 2023, Tanzania was a standout. Inflows rose by 6.3% between 2021 and 2022, reaching approximately $1.3 billion from about $1.2 billion.
Total FDI stock hit about $20 billion in 2023 from $18.6 billion in 2022.
Government data paint an impressive picture.
The Tanzania Investment Centre (TIC) reports that in the 2023/24 fiscal year, the country netted FDI amounting to a staggering $3.5 billion.
The steady increase in inflows has not been a fluke. Apart from political stability and economic reforms, factors like strategic location, abundant natural resources, infrastructure expansion, investment incentives, and a growing local and regional market are among the factors making Tanzania quite attractive.
One critical reform has been the enactment of the Tanzania Investment Act of 2022, which has been instrumental in simplifying the business registration processes, enhancing transparency, fostering efficiency, and reducing bureaucratic hurdles.
More critical, though, has been the creation of an environment of certainty for investors.
A few areas stand out. First is protecting existing contracts, which is crucial for long-term investment planning.
Second is dispute resolution and arbitration, ensuring investors have a reliable and impartial platform for resolving disputes.
Since Tanzania has been at loggerheads with foreign investors in the mining sector due to arbitrary revocation of retention licenses in 2018, this is important.
In 2023, the country paid Winshear Gold $30 million for expropriation of the company’s concession for a gold mine.
It is also battling other cases at the International Centre for Settlement of Investment Disputes, in which various companies are seeking a collective $300 million for wrongful license terminations.
Another gain from the new Investment Act is the establishment of a fair and investor-friendly framework for the repatriation of profits.
As long as foreign companies fulfill all tax obligations and issue a dividend notice, they can repatriate profits without any penalty.
“The act has been a major shift in the government’s rhetoric toward investments and the business community,” notes Imani Muhingo, head of research and financial analytics at Tanzanian broker and investment advisory Alpha Capital.
He adds that by also reducing the minimum capital requirement to $500,000 for foreign investors, Tanzania has become an affordable destination.
Apart from regulatory reforms, Tanzania has also pumped massive resources into improving infrastructure, including roads, ports, and railways, to facilitate the ease of doing business.
The $2.9 billion Julius Nyerere hydropower project, largely funded by internal resources, is nearing completion. With a capacity of 2,115 MW, it will greatly reduce power costs.
Tanzania has also invested in a standard-gauge railway linking the port of Dar es Salaam with neighboring Uganda, Rwanda, Burundi, and the Democratic Republic of Congo (DRC).
The new railway has reduced freight cost by 40% and enhanced efficiency. The expectation is that Tanzania will become the preferred gateway to the EAC, to the detriment of Kenya.
The country’s status got a big boost in October when it joined the US-fronted Lobito Corridor railway project connecting Angola, Zambia, and the DRC. Costing over $4 billion, the project will link the Atlantic coast to the Indian Ocean.
Abundant Natural Resources
When it comes to minerals, Tanzania is a hotspot. It boasts over 40 different kinds of minerals, among them gold, diamond, silver, tanzanite, iron ore, copper, nickel, cobalt, graphite, and uranium, as well as natural gas.
Government data show the mining sector accounts for 9.1% of GDP, generating $3.3 billion in 2022. Earnings are expected to double to $6.6 billion by 2027.
To ensure that Tanzania benefits from these resources, the government demands a 16% free carried interest in each project.
Barrick Gold, AngloGold Ashanti, and Acacia Mining are among foreign companies that have been making fortunes in Tanzania.
New entrants like Peak Rare Earths, Evolution Energy Minerals, and EcoGraf are targeting windfalls from high-demand minerals like rare earths and graphite. In 2023, they signed agreements worth $667 million.
Magnis Energy Technologies, which also has interests in graphite mining, is relishing a deal with electric vehicle giant Tesla for the purchase of up to 35,000 metric tonnes of anode active material annually for three years starting in early 2025.
Lifezone Metals and its partners are also working to unlock a new source of high-grade nickel, copper, and cobalt for the battery metals market.
The US company is developing the Kabanga Nickel Project that is believed to be one of the world’s largest and highest grade undeveloped nickel sulfide deposits.
“The rising demand for electric vehicles and energy transition means a boom for Tanzania,” notes Clyde & Co.’s Msinjili, adding that the country has done a splendid job in creating trust and confidence in the mining sector.
The need to bolster confidence has put Tanzania on the cusp of resolving a long-running standoff that has for years bogged down a $42 billion liquefied natural gas project spearheaded by Shell and Equinor, with partners including Exxon Mobil.
Western companies give every appearance of battling for investment opportunities in Tanzania. However, they face uneven competition from China.
For eight consecutive years, the Asian giant has been Tanzania’s largest trading partner, with bilateral trade hitting $8.8 billion in 2023. The portfolio of investment projects is valued at close to $10 billion.
“China aligns more closely with the experiences and priorities of developing nations like Tanzania,” observes Alpha Capital’s Muhingo. “This sets it apart from Western rigidity.”
Overall, Tanzania ticks all the right boxes as a hub for FDI. However, there are pockets of risk, including a high public debt, a foreign currency shortage, and jitters over the coming 2025 presidential election. The IMF has already warned that the foreign exchange shortage poses challenges to growth.
Source: gfmag.com
