Investment Information
This information was kindly supplied by the Zanzibar Investment Promotion Agency (ZIPA), which is now Zanzibar Investment Promotion Authority (ZIPA). For a much uptodate information, please visit ZIPA's website at: www.investzanzibar.org.
Zanzibar Investment Promotion Agency (ZIPA)
INVESTMENT OPPORTUNITIES IN ZANZIBAR
FISHING:
The Zanzibar island is surrounded by sea as it is situated off coast of East Africa, Zanzibar has unlimited potential for development of fishing industry. Various types of fish, shrimps, lobsters, Sea weed and other marine resources are available. Investors are free to choose suitable areas for
Fish processing factories
Fish canning industries
Actual fishing (deep sea)
Aqua- culture.
SPICES:
Zanzibar is a land of exotic and abundant homegrown spices that are exported internationally. These include:
Clove – the predominant spices for many years.
Other spices such as cinnamon, cardamom, nutmeg, black pepper and chilies are grown in plenty
OTHER AREAS:
Fruit processing and canning
Information and communication technology
Small and Medium Industries
Assembling plants
Garment Industries
Agro Industries
Tourism
Business and Services (Export and Financial Services)
JOINT VENTURE
Zanzibar Investment Promotion Agency has profiles of local investors who are ready to cooperate with other investors so as to develop their investments. The profiles are in different categories. For more details on joint venture please visit our website at www.investzanzibar.org
FACILITIES AVAILABLE
LAND ACQUISITION
Land is government owned and it can be acquired by lease of up to 49 years through Department of Lands and Surveys. ZIPA facilitates the acquisition.
LAND RATES
-
SECTOR
RATE (US$/Ha)
Hotel
4000 – 4500
Industrial
1285 – 3200
Agriculture
385 - 642
Services
1285 - 1785
WORK AND RESIDENCE PERMITS
ZIPA facilitates the issuance of work and residence permits for investors and expatriates personnel.
TELECOMMUNICATION FACILITIES
Zanzibar is well served by five main telecommunication companies operating in Tanzania. These include TTCL, MOBITEL, ZANTEL, VODACOM and CELTEL. Almost the whole of l Zanzibar is covered and can be communicable. Telephone rates are reasonable.
WORK FORCE
There is ample hardworking and trainable work force to serve investment projects. The minimum wage is Tshs. 45,000/=. English is adequately spoken in the islands making efficient communication in the tourism industry and investment in general.
INFRASTRUCTURE AND UTILITIES
Electricity:
Electricity is supplied mainly by the Hydroelectric Power (HEP) from Mtera dam in Mainland Tanzania. The Island of Pemba is served by industrial diesel oil- run generators. The applicable current is 220v and confirms to British standards.
Water
Zanzibar has adequate water reserves for industrial and household use. Minimum infrastructure is needed to ensure water supply reaches any part of the island
Transport and Freight
Roads : A network of tarmac trunk road covers most parts of Zanzibar. A passable network of tertiary roads reaches all rural areas.
Port : An easily accessible seaport caters for ocean going vehicles as well as offer handling services for passengers arriving on ferries.
Airport : The Zanzibar airport is able to handle diverse sizes of aircraft, which can be used to fly- in tourist and cargo. Currently the airport is undergoing major rehabilitation with financing from the World Bank
Financial services
Various local, regional and international financial institutions offer a wide range of services. These include:
National Bank of Commerce (NBC)
Barclays bank
Western Union
Postal Bank
The People’s Bank of Zanzibar
Insurance Companies
Federal Bank of the Middle East
Contact:
P.O. Box 2286,
Telephone No: 255 24 2233026,
Telephone No: 255 24 2237858,
Fax: No: 255 24 2232737,
E-mail: zipaznz@zanzinet.com
Website www.investzanzibar.org
ZIPA - 2004
Investment opportunity zanzibar/chabby