TPSDE Facility II – EU Zanzibar Investment Report

The Project at A Glance

Tanzania is one of the 10 fastest growing economies in Africa and the EU’s 2021-2027 Cooperation Strategy with Tanzania aims to increase EU investment in Tanzania. Considering the EU’s and Tanzania’s shared interest in promoting investment and trade, the business forum seeks to lay the ground for businesses and new investments to contribute to building a Tanzanian economy that is resilient, competitive, sustainable and diversified.

In this context, International Economics (IEC) is providing support to the European Commission to analyse and promote the EU-Zanzibar economic relations and produce an EU-Zanzibar Investment report.

What We Found

Zanzibar’s economy focuses on new ways to maximise the potential of its key asset, the Indian Ocean, to develop its economy with investment opportunities in particular, Blue economy, tourism and real estate. To date, nearly 200 investment projects generating around USD 3 billion are recorded by the Zanzibar Investment Promotion Authority (ZIPA) in marine transportation, renewable energy and infrastructure with potential to support long-term development underpinned by foreign and local investment. Increased attention is given to the sustainability of the overall development strategy and new investments, as resources of this small islands are limited and recent developments, especially in the Tourism sector, put increasing pressure on energy and water supplies, as well as on its fragile coastal and marine eco-systems.  Based on the Zanzibar European Investment forum held in Zanzibar in June 2022, one of the resolutions was to produce an EU-Zanzibar Investment to analyse and promote EU – Zanzibar economic relations.

Our Strategy and Impact

Our Team reviewed and mapped the EU’s investment landscape in Zanzibar, describing the main sectors of investment, its respective policy environment, EU investment in those sectors, existing opportunities and challenges, and including suitable examples of company case studies. Report puts emphasis on the results such as EU trade, investment, employment creation, revenue/tax contribution, etc. and the contribution EU businesses made to Zanzibar’s development.

The report will also serve as the background information for the EU programmes in the various sectors the EU is working in within the Zanzibar Archipelago. It will help to better understand how the EU Delegation in Tanzania can support EU investment in the area of ‘blue economy and green cities’ being two of our key programme under the NDICI.

Our Core Solutions

At International Economics Consulting, we provide specialised strategies for company solutions that are focused on imports and exports. Investigating global supply networks and comprehending the global regulatory landscape become essential when companies look to grow into new markets.

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