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12 March 2016 Published in News Written by 

DAR TO ATTRACT INVESTORS IN LOGISTICS INDUSTRY Featured

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TANZANIA is among ten African countries offering enormous potential for strategic investors in the transportation and logistics industry, a Price water house Coopers report says. Titled Africa Gearing Up, the report, says Tanzania is expected to become one of the fastest-growing economies in the world with the key

drivers being the recent natural gas discoveries, regional integration supported by an extension of transport infrastructure networks, reforms to ease of doing business in the country and long-term stable democracy. It is expected that Tanzania will become a leading exporter of liquefied natural gas (LNG) by 2025, supplying markets as diverse as Pakistan, China, Spain and Chile. The PWC report notes that the infrastructure in Tanzania has witnessed impressive investment in recent years and there is more to come. The construction of the port will also involve building infrastructure for a special economic zone and railway network. The new port will be able to handle 20 times more cargo than the Dar es Salaam port and is expected to relieve pressure of the Dar port once it begins operating in 2017. Tanzania has also ambitious plans for investment in rail infrastructure to serve the neighbouring landlocked countries of Uganda, Burundi, Rwanda, DR Congo, Zambia and Malawi.

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