M a r k e t N e w s

Tanzania: Right Move on Unlocking Agro-Industrial Potential

Posted on : Friday , 27th November 2020

In the year 2000, the Tanzania government of the day officially launched the Tanzania Development Vision 2025 with the overreaching development goal of accomplishing a semi-industrialised, middle-income competitive economy by 2025.


What with one thing leading to another, successor governments came up with the 2011/12—2015/26 Long-Term Perspective Plan which embodied 5 Year Development Plans (FYDPs).


The 1st such quinquennial Development Plan (FYDP I: 2011/12-2015/16) concentrated on “unleashing Tanzania’s economic growth potential.” The 2nd one (FYDP II: 2016/17-2020/21) was about “nurturing an industrial economy”. And the 3rd current Development Plan (FYDP III: 2020/21-2025/26) focuses on a “competitiveness-led export growth”.


The 25 year Long-Term Perspective Plan is some kind of a road map for ensuring that the country moves in the direction of realising Tanzania Development Vision 2025 in the decade-and-a-half of implementation that remained.


One of the Development Vision goals was to enable the Industrial sector to grow from the current 7.0 % to 8.2 % per year. Thereby increasing the manufacturing sector’s annual contribution to the national Economy from 9.3 % to 18 % by the year 2025.


Needless to belabour the point here, the reality on the ground is that, around a decade after the Long-Term Perspective Plan and associated Annual-cum-Quinquennial/Five-Year Development Plans started to be effectuated, the government is still not quite happy with the developmental performance as regards the ambitious but very noble Tanzania Development Vision 2025 goals.



Source : www.abafnz.com
Featured Companies
  • /

Complete List  

Advertisers in previous issue:

    Could not connect: