About Tanzania

Tanzania , officially the United Republic of Tanzania (Swahili: Jamhuri ya Muungano wa Tanzania), is a country in East Africa in the African Great Lakes region. It is bordered by Kenya and Uganda to the north; Rwanda, Burundi and the Democratic Republic of the Congo to the west; and Zambia, Malawi and Mozambique to the south. The country's eastern borderis formed by the Indian Ocean. Kilimanjaro, Africa's highest mountain, is in northeastern Tanzania. The country is divided into 30 administrative regions: five on the semi-autonomous islands of Zanzibar and 25 on themainland in the former Tanganyika.The head of state is President Jakaya Mrisho Kikwete, elected in 2005. Since 1996, the official capital of Tanzania has been Dodoma, where the National Assembly and some government offices are located.
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Foreign Relations

Tanzania has good relations with its neighbours. It is a member of the East African Community (EAC), along with Uganda, Kenya, Rwanda, and Burundi. Within the EAC, there is free trade and free movement of people, including theright to reside in another member country for the purpose of employment.Tanzania is also a member of the Southern AfricanDevelopment Community (SADC).The EAC, the SADC, and the Common Market for Eastern and Southern Africa are currently negotiating an agreement to create a Tripartite Free Trade Area spanning 26 African countries.


Economy and Infrastructure

As of 2018, according to the IMF, Tanzania's gross domestic product (GDP) was an estimated $56.7 billion (nominal), or $176.5 billion on a purchasing power parity (PPP) basis. GDP per capita (PPP) was $3,457. From 2009 through 2013, Tanzania's per capita GDP (based on constant local currency) grew an average of 3.5% per year, higher than any other member of the East African Community (EAC) and exceeded by only nine countries in Sub-Saharan Africa: the Democratic Republic of the Congo, Ethiopia, Ghana, Lesotho, Liberia, Mozambique, Sierra Leone, Zambia, and Zimbabwe. Tanzania's largest trading partners in 2017 for its US$5.3 billion in exports were India, Vietnam, South Africa, Switzerland, and China. Its imports totalled US$8.17 billion, with India, Switzerland, Saudi Arabia, China, and the United Arab Emirates being the biggest partners. The Kariakoo market in Dar es Salaam Tanzania weathered the Great Recession, which began in late 2008 or early 2009, relatively well. Strong gold prices, bolstering the country's mining industry, and Tanzania's poor integration into global markets helped to insulate the country from the downturn.Since the recession ended, the Tanzanian economy has expanded rapidly thanks to strong tourism, telecommunications, and banking sectors. According to the United Nations Development Program, however, recent growth in the national economy has benefited only the "very few", leaving out the majority of the population.Tanzania's 2013 Global Hunger Index was worse than any other country in the EAC except Burundi. The proportion of persons who were undernourished in 2010–12 was also worse than any other EAC country except Burundi.


External Trade and Investment

Tanzania's history of political stability has encouraged foreign direct investment. The government has committed itself to improve the investment climate including redrawing tax codes, floating the exchange rate, licensing foreign banks, and creating an investment promotion center to cut red tape. Tanzania has mineral resources and a largely untapped tourism sector, which might make it a viable market for foreign investment. The stock market capitalisation of listed companies in Tanzania was valued at $588 million in 2005 by the World Bank.


Industry

Accounting for 22.6% of GDP, Tanzania's industrial sector is one of the fastest growing in Africa (2010 rankings). Though it has been hit hard recently by persistent power shortages caused by low rainfall in the hydroelectric dams catchment areas, a condition compounded by years of neglect and bad management at the state-controlled electric company. Management of the electric company was contracted to the private sector in 2003. And power production countrywide is currently undergoing various diversification projects. The main industrial activities include agricultural processing (sugar, cigarettes, sisal twine), diamond-, gold-, and iron mining, oil refining, wood products, salt, soda ash, cement, shoes, apparel and fertilizer productions.