Location: Tanzania has a port of Daresalam borfer by Kenya and Uganda
Pearl of Africa: Uganda is also known as the Pearl of Africa (Name given by Winston Churchill) for its good weather, ever green environment and hospitable people and has access to the 3rd Largest Fresh water lake in the world called Lake Victoria and it is also the source of the worlds longest river, The River Nile.
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).