Tanzania Manufacturing Sector is still untapped and for that matter any investment in Tanzania finished or Semi-finished goods is profitable. Any investment in Chemical industry,Textiles, clothing and leather products,Metal and non-metallic products,Food, beverage, paper and paper products is highly welcome.
Overview of Tanzania Manufacturing Sector Investnment Opportunities
Participation in the regional and multilateral trade arrangements has increased the country’s market access .
Currently the manufacturing output contributes around 7.4% of GDP. The Government has placed great emphasis on industrial diversification and encouraging establishment of import substitution industries.
Tanzanian manufacturing development reflect three periods of industrial development in post independence Tanzania, namely: a period of expansion, 1974-1980; a period of collapse 1981- 1985; and a period of adjustment,privatization and re-structuring, 1991-2000s
There is an-increasing evidence that the Tanzanian manufacturing sector is recovering. In 2009, for example, the manufacturing sector grew by 9.0 percent compared to 8.6 percent in 2008.
The contribution of the sector to real GDP grew by 9.0 percent in 2009 compared to 8.8 percent in 2008.
The increase in growth was mainly attributed to increased production in areas such as cement, beverages, corrugated iron sheets, steel products, cigarette, plastic products and textile.
The value of exports of manufactured goods increased by 41.8 percent to US$ 156.1mn in 2009 from US$ 110.1mn in 2008.
The manufactured goods exported included plastics, metals and apparels and mainly went to neighbouring countries of Rwanda, Burundi and Democratic Republic of Congo.