The top three sectors that have great potential in Tanzania include ICT, Infrastructure and Agribusiness. Mobile applications that can help develop local businesses are a huge opportunity for companies to explore.
The government has invested heavily on infrastructure projects such as railways, roads and airports. This also creates opportunities for companies to sell technologies within these areas. Agriculture continues to be the major economic activity among most Tanzanians employing over 70% of the population. There is a room for companies to help farmers yield more produce by supplying them with their technologies.
Commercial farming has a good prospect in Tanzania because there is no scarcity of fertile lands, a good climate, and cheap labor in the country. Tanzania grows a variety of crops like maize, sweet potatoes, bananas, coffee, tea, etc. However, very few know the processing and preservation method of the crops. Hence food processing business will be a profitable venture. The potential in telecom and ICT in Tanzania remains largely untapped.
But the potential is too great to ignore and movement in the sector has already showed that the country is on the right track. Solar power is in much demand in Tanzania as it is blessed with bright sunshine. With an abundance of natural resources like natural gas, oil and a lavish flora and fauna, the country has startling opportunities to offer to investors. A well-planned business with infrastructure and manpower and also the required machinery cant operate if it lacks the fuel to run them. That’s where Tanzanias energy sector comes into play. Every country’s economy runs on two things — smart minds and smart usage of energy.