Zanzibar is an autonomous part of the United Republic of Tanzania, consisting of two main islands, Unguja and Pemba as well as several smaller islets with a total area of 2,654 sq. km. The population of Zanzibar as recorded in the 2012 Tanzania Population and Housing Census (2012 TPHC), was 1,303,569 with a growth rate of 2.8 percent annum[1]. Improvements have been recorded in macroeconomic management, resulting in raised level of economic growth[2] as well as Zanzibar graduating from low income to lower-middle income status in 2019. Zanzibar has a wide range of investment opportunities, in tourism, agriculture, fisheries, real estate, light industries, as well as the emerging blue economy and oil and gas sectors.
Over the years the Revolutionary Government of Zanzibar (RGoZ) has implemented, a range of institutional and policy reforms towards creating a conducive investment environment in Zanzibar. These include: enactment of the Zanzibar Investment Promotion and Protection Act of 2004; the Zanzibar Investment Promotion and Protection Authority Act No. 14 of 2018; as well as establishment of the Zanzibar Investment Promotion Authority (ZIPA), as a one-stop centre for investment promotion and facilitation in Zanzibar. ZIPA is responsible for promotion, facilitation and aftercare services of both local and foreign investment in Zanzibar. It also manages the Free Economic Zones and Free Port regimes and has the authority to approve incentives to investors and negotiate additional discretionary incentives where it considers appropriate. Given Zanzibar’s competitive advantages and investment opportunities, ZIPA also produces Investment guides[3], aimed at informing potential investors of investment opportunities in Zanzibar.
Pursuant to achievement of the Zanzibar Development Vision 2050 (ZDV 2050), which aspires to ‘attain Upper Middle-Income Status by the year 2050 through sustainable and inclusive human development’, the RGoZ places emphasis on creating a conducive environment to promote private sector investment in the country. In that regard, the President’s Office, Labour, Economic Affairs and Investment (POLEAI), is in the process of strengthening investment sector in Zanzibar, by reviewing investment related policies, laws, as well as processes. Further to attracting investors and guiding them of the investment opportunities and facilities in Zanzibar, POLEAI in collaboration with ZIPA, has designated a technical team to be facilitated by consultants, to develop a new Zanzibar Investment Guide with sector profiles, also incorporating emerging investment opportunities, in the Blue Economy and Oil and Gas sectors. The investment guide is expected to focus on guiding and providing information on: investment opportunities in respective sectors, procedures, licensing and permit requirements, available investment facilitation services as well as other investment related information.
RFP
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