Tanzania is an increasing focus of attention as a market for investors in Consumer Industries Products and Services (CIPS), a reflection of the following:
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Strong real recent domestic growth (5.2% in Quarter 3, 2022). 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 63.59 million as of mid 2022.
- Exports of goods and services increased to USD 12,000.3 million during 2022 from USD 9,873.4 million in 2021 whilst Imports of goods and services increased to USD 16,710.4 million in 2022, the highest level in recent years, from USD 11,610.4 million in 2021.
- Geographical location driving growth as a transport hub linking to several countries inland.
At PwC we have significant experience in advising CIPS investors in various sectors including: agriculture, construction, manufacturing, telecommunications, tourism and transport. For our statement of capabilities with respect to these sectors, do get in touch with the contact persons listed on this page.
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