🇹🇿 Tanzania

Tanzania is an East African country of 65 million with a GDP of about $75 billion. Mount Kilimanjaro (5,895 meters), Africa's highest peak, draws about 50,000 climbers annually. The Serengeti migration — 1.5 million wildebeest crossing the plains — is one of the natural world's greatest spectacles. Tanzania has more land dedicated to national parks and reserves than any other country (about 38% of its territory). Zanzibar, the semi-autonomous island, is a major tourist destination with a unique Swahili culture. The country has been one of Africa's more stable nations, with a peaceful transfer of power in 2021 when President Samia Suluhu Hassan became East Africa's first female head of state.

Mining (gold — Tanzania is Africa's fourth-largest producer — tanzanite, diamonds), agriculture (coffee, cashews, tobacco, sisal), and tourism are the main sectors. The country has significant natural gas reserves offshore. China, India, and the UAE are the top trade partners. GDP growth has been strong at 5-7%. The government has invested in infrastructure, including the Standard Gauge Railway and the Julius Nyerere Hydropower Station. The informal sector employs about 75% of workers.

Tanzanite, a blue-violet gemstone, is found in only one place on earth — a 4-km strip near Mount Kilimanjaro. The stone was discovered in 1967 and named by Tiffany & Co. Tanzania's Olduvai Gorge is one of the most important paleoanthropological sites in the world — the Leakeys' discoveries here reshaped our understanding of human evolution. Zanzibar was the world's largest clove producer and the center of the East African slave trade.

Tanzania's tourism assets are world-class and the economic growth is solid. The gas reserves and infrastructure investment suggest the country is positioning for a step-change. Political stability is the key advantage over regional competitors.