Consumer industrial goods and services

Tanzania is an increasing focus of attention as a market for investors in Consumer Industries Goods and Services (CIGS), a reflection of the following:

• Strong real recent domestic growth (6.8% in 2017 and 7.0% in 2018).The growth was driven by increased investment especially in infrastructure, a stable supply of electricity, improvement in transport services and favorable weather conditions.
• A large and fast growing population, estimated 57.3 million as of mid 2017.
• The value of goods and services exported between July 2018 and April 2019 reached USD 7,210.6 million down from USD 7,291.9 million recorded during the same period in 2017/18 whilst the value of goods and services imported between July 2018 and April 2019 reached USD 9,024.9 million compared to USD 8,464.6 million in 2017/18 equivalent to an increase of 6.6%.
• Geographical location driving growth as a transport hub linking to several countries inland