Location: Tanzania has a port of Daresalam borfer by Kenya and Uganda
Tanzania has a population of about 58 million people with an annual population growth rate of 3.5% and a projected working population of about 19.36 million (14-64 years)
Tanzania has a highly educated work force except for some high skilled that would need to be sourced out of Tanzania.
a) The stable annual economic growth average rate is at about 7.7% since the year 2000, making Tanzania the fastest growing Economy in East Africa.
b) Ranked the 4th Freest Economy in Sub-Saharan Africa by the 2009 Index of Economic Freedom.
c) Government Fiscal Year: 1 July 30 June. d) No restriction on foreign exchange remittances.
Average temperature ranges from 19 to 30 degrees Celsius.
Tanzania has a fully fledged banking sector that is monitored by Bank of Tanzania. There are many local and multi-national banks operating in Tanzania such as Bank of Baroda, Bank of India, Barclays Bank, Standard Chartered Bank and Citi Bank but to mention a few.
Free Trade Membership:
Tanzania is a member of the East African community (EAC). The EAC consists of 5 East African countries neighboring each other namely; Uganda, Kenya, Rwanda, Tanzania and Burundi (www.eac.int) Tanzania is also a member of the Common Markets East and Southern Africa (COMESA) which is made up of 19 member countries in Africa namely; Uganda, Burundi, Comoros, DR.Congo, Djibouti, Egypt, Eritrea, Ethiopia, Kenya, Libya, Seychelles, Madagascar, Malawi, Mauritius, Rwanda, Sudan, Swaziland, Zambia and Zimbabwe (www.about .comesa.int).