The economy of Tanzania by Theophile

The economy of Tanzania

                                                POSITIVE POINT

- Mining wealth with gold and copper.

- Gas potential with offshore reserves discovered in 2010.

- Tourism potential with the very large national parks and coastlines.

                                                                        NEGATIVE POINT

- Strong dependence on the price of gold.

- Vulnerability of agriculture to climatic conditions.

- Inadequate infrastructure, particularly in the fields of electricity and transport.

- Inconsistent industrial policy and deficient business environment.

- Religious tensions between Zanzibar and the mainland.

Tanzania has a peculiar economy.

It is mainly based on agriculture and mining, all industry and technology is almost non-existent so it’s not an important part of Tanzania's economy.

With the very large national parks that allow a unique fauna and flora to flourish, Tanzania has a very interesting economy known to all; tourism.

Americans and Europeans love and pay the price to be able to see the majestic animals hiding in the forests of Tanzania's parks and I can confirm it because I was one of those people.

It is also important to know that at one time Zanzibar was the largest port on the African coast.