Saturday, Dec 16, 2017
Industry & Trade | Africa | Tanzania

Transport to drive economy


6 years ago

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Banking reforms, solid macro-economic policies and significant investment from the IMF and World Bank have boosted Tanzania’s recent economic performance. In 2009-10, the country bucked global trends, increasing GDP by 6 per cent year-on-year.

However, Tanzania’s ageing transport infrastructure is struggling to keep up with the demands of a thriving economy and is in need of a complete overhaul.

The Surface and Marine Transport Regulatory Authority (SUMATRA), established in 2001, oversees all non-aviation transport in Tanzania, including road, railway and maritime operations. Acting director general Ahmad Kilima believes Tanzania offers foreign investors some great opportunities: “Our stable and business-friendly government is keen to incentivise investment in infrastructure and we have reduced red tape to make doing business here easier. Tanzania benefits from a number of natural resources and we are also the perfect platform for the East African market and the gateway to our landlocked neighbours -–Zambia, DRC, Rwanda, Burundi, Uganda and South Sudan.”

P.O. Box 3093, Dar es Salaam, Tanzania
Tel: +255 22 2197500
E-mail: infor@sumatra.or.tz
www.sumatra.or.tz

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