Tanzania Investment and Consultant Group Ltd

| Economic Research Centre

The "Tanzania Investment Centre Quarterly Bulletin January to March 2025" highlights a remarkable 71% increase in registered investment projects from 2023 to 2024, with the number of projects rising from 526 in 2023 to 901 in 2024. This surge, described as making 2024 the "best year ever" for investment in Tanzania since the TIC’s establishment in 1997, has significantly driven economic growth by boosting job creation, increasing capital inflows, and fostering sectoral diversification. Below, TICGL analyze the impact on economic growth, focusing on job creation and capital inflow, using figures from the bulletin.

1. Job Creation

The 71% increase in registered projects has led to a record-breaking number of jobs, significantly contributing to Tanzania’s economic growth by enhancing employment, household incomes, and domestic consumption.

2. Capital Inflow

The 71% increase in projects has significantly boosted capital inflows, providing the financial resources needed for infrastructure, industrial expansion, and economic diversification.

3. Broader Economic Growth Impacts

Conclusion

The 71% increase in registered investment projects from 526 in 2023 to 901 in 2024 has profoundly impacted Tanzania’s economic growth by creating 212,293 jobs and driving a 46.72% capital inflow increase to USD 2,164.7 million in Q3 2024/25. Job creation has reduced unemployment, increased household incomes, and stimulated consumption, while capital inflows have funded transformative projects like the EACLC (USD 200 million+), Kibaha Textile SEZ (USD 78.85 million), and Mkulazi Agricultural City (USD 570 million). These investments, supported by reforms like the 2023 Land Policy and TISEZA Act, have diversified Tanzania’s economy across agriculture, manufacturing, and infrastructure, positioning it as a regional economic powerhouse. The regional spread of projects and inclusive initiatives like Vikapu Bomba further ensure equitable growth, enhancing Tanzania’s economic resilience and global competitiveness.

MetricValueDescription
Registered Projects (2024)90171% increase from 526 projects in 2023, a record high.
Domestic Projects (2024)32174% increase from 182 in 2023, driven by lower investment threshold (USD 50,000).
Total Jobs (2024)212,293Highest job creation in TIC history, boosting employment and incomes.
Q3 2024/25 Projects199Includes 94 foreign, 66 local, 39 joint ventures (62.5% increase in joint ventures).
Q3 2024/25 Jobs24,444Jobs from 199 projects, including 1,542 from 9 expansion projects.
Q3 2024/25 Capital InflowUSD 2,164.7 million46.72% increase from USD 1,475.43 million in Q3 2023/24.
Capital Increase (Q3)USD 689.27 millionAbsolute increase, reflecting strong investment growth.
Manufacturing Capital Growth45.87%Significant capital increase, supporting industrial expansion.
EACLC InvestmentUSD 200 million+Logistics hub enhancing trade and job creation.
Kibaha Textile SEZUSD 78.85 million, 38,400 jobsMajor industrial project driving employment and exports.
Bugwema Irrigation SchemeUSD 14.89 million, 2,500+ jobsAgricultural project boosting rural economies.
Mkulazi Agricultural CityUSD 570 millionLarge-scale agribusiness for diversification and growth.

The "Tanzania Investment Centre Quarterly Bulletin January to March 2025" reports that in Q3 2024/25, Dar es Salaam attracted 73 projects, Pwani 48 projects, and Arusha 16 projects, as part of the 199 total investment projects registered nationwide. This distribution, with significant investments in both urban and less urbanized regions, contributes to balanced economic development across Tanzania by promoting job creation, capital inflow, infrastructure development, and sectoral diversification in multiple regions. Below, TICGL analyze how this regional spread fosters equitable economic growth, using figures from the bulletin.

1. Overview of Regional Investment Distribution

This distribution shows a concentration in Dar es Salaam, the economic hub, but also significant activity in Pwani and Arusha, suggesting efforts to spread economic opportunities beyond the capital.

2. Contribution to Balanced Economic Development

Balanced economic development involves reducing regional disparities, ensuring equitable access to economic opportunities, and fostering growth in both urban and rural areas. The distribution of projects in Dar es Salaam, Pwani, and Arusha contributes to this goal as follows:

a. Dar es Salaam (73 Projects)

b. Pwani (48 Projects)

c. Arusha (16 Projects)

d. Other Regions

3. Mechanisms Supporting Balanced Development

4. Quantitative Impact

5. Challenges and Opportunities

Conclusion

The regional distribution of 73 projects in Dar es Salaam, 48 in Pwani, and 16 in Arusha in Q3 2024/25, alongside 62 projects in other regions, contributes to balanced economic development by spreading investment, jobs, and infrastructure across Tanzania. Dar es Salaam’s EACLC (USD 200 million+) drives national trade, Pwani’s Kibaha SEZ (USD 78.85 million, 38,400 jobs) boosts industrial growth, and Arusha’s Usariver SEZ enhances agricultural exports. Other regions like Morogoro (Mkulazi, USD 570 million) and Njombe (Vikapu Bomba, 300+ women) ensure rural inclusion. Supported by reforms like the TISEZA Act and infrastructure like the SGR, this distribution reduces regional disparities, creates 24,444 jobs, and leverages USD 2,164.7 million in capital, fostering equitable and sustainable economic growth across Tanzania.

MetricValueDescription
Total Projects (Q3 2024/25)199Registered projects generating USD 2,164.7 million and 24,444 jobs.
Dar es Salaam Projects73 (36.7%)Leading region, hosting projects like EACLC (USD 200 million+).
Pwani Projects48 (24.1%)Second-highest, with Kibaha Textile SEZ (USD 78.85 million, 38,400 jobs).
Arusha Projects16 (8.0%)Tourism and agriculture hub, with Usariver Agricultural SEZ.
Other Regions Projects62 (31.2%)Spread across regions like Morogoro (Mkulazi, USD 570 million) and Njombe.
Capital InflowUSD 2,164.7 million46.72% increase from USD 1,475.43 million in Q3 2023/24.
Total Jobs24,444Jobs from 199 projects, with significant contributions from Pwani and Dar es Salaam.
EACLC InvestmentUSD 200 million+Trade and logistics hub in Dar es Salaam, boosting regional connectivity.
Kibaha Textile SEZUSD 78.85 million, 38,400 jobsMajor industrial project in Pwani, enhancing employment.
Mkulazi Agricultural CityUSD 570 millionAgricultural project in Morogoro, supporting rural growth.
Vikapu Bomba Initiative300+ womenInclusive project in Njombe, promoting social equity.

The Chama Cha Mapinduzi (CCM) Manifesto for the 2025 General Election, launched on May 30, 2025, aims to transform Tanzania’s economy by 2030 through ambitious targets like creating 350,000 jobs in Zanzibar, constructing a 1,108-km Tanga–Arusha–Musoma railway, and boosting per capita income. Building on past successes, such as a 44% increase in irrigated farmland (681,383 to 983,466 hectares) from 2020–2024 and 304 investment projects worth USD 3.74 billion in Zanzibar from 2015–2020, the manifesto leverages Tanzania’s 5.3% GDP growth in 2023 and projected 6% in 2025. However, with public debt at 41.1% of GDP in 2024 and ambiguous targets like 300,000 units for the blue economy, its realism hinges on addressing funding gaps and structural challenges to achieve inclusive growth.

1. Overview of the CCM Manifesto 2025–2030

The CCM Manifesto, launched on May 30, 2025, outlines nine strategic priorities, including economic transformation, job creation, infrastructure development, and inclusive growth. Key economic targets include:

These targets build on the 2020–2025 manifesto’s achievements, such as increasing irrigated farmland from 681,383 to 983,466 hectares (+44%) and food security from 114% to 128%. The manifesto aligns with NDV 2050’s goal of achieving a USD 1 trillion GDP and USD 12,000 per capita GDP by 2050, requiring over 8% annual growth.

2. Current Economic Situation (as of May 31, 2025)

Tanzania’s economy is a lower-middle-income economy with a GDP per capita of USD 1,149 in 2024. Key economic indicators include:

The economy benefits from stable macroeconomic conditions and a reputation for peace, attracting FDI in mining, energy, and tourism. However, challenges include a narrow tax base, foreign exchange shortages, and slow structural transformation, with reliance on low-productivity sectors like subsistence agriculture.

3. Historical Economic Performance

Historical data provides context for assessing the manifesto’s realism:

These achievements suggest CCM’s capacity to deliver on economic promises, but slow poverty reduction (26.4% in 2018) and reliance on public investment indicate challenges in achieving inclusive growth.

4. Realism of the Manifesto’s Economic Proposals

To evaluate the manifesto’s realism, we assess its key proposals against current conditions, historical trends, and feasibility:

a. Job Creation (350,000 Jobs in Zanzibar, Potential 8.5 Million Nationally)

b. Investment Projects

c. Per Capita Income

d. GDP Growth

5. Critical Evaluation of Realism

The manifesto’s economic proposals are realistic in several respects:

However, challenges threaten realism:

6. Conclusion

The CCM Manifesto for 2025 has the potential to drive economic transformation by 2030, but its success will depend on effective implementation and addressing challenges. The manifesto’s targets, such as creating 350,000 jobs in Zanzibar and infrastructure projects like the 1,108-km Tanga–Arusha–Musoma railway, are supported by historical achievements (e.g., 16,866 jobs from USD 3.74 billion in Zanzibar investments) and current growth projections (6% for Tanzania, 6.8% for Zanzibar in 2025). Initiatives like training 2,500 cooperatives and boosting agricultural investment (TZS 954 billion in 2022/23) promote inclusive growth. However, vague targets, funding uncertainties, and structural issues, such as slow economic transformation and a public debt of 41.1% of GDP, demand careful management. With Tanzania’s stable growth (5.5% average) and strategic reforms, the manifesto holds realistic potential to achieve economic change by 2030, provided implementation is strong and external risks are mitigated.

Key figures related to the economic proposals in the Chama Cha Mapinduzi (CCM) Manifesto for the 2025 General Election, launched on May 30, 2025, as requested in the question about its realism in bringing economic change to Tanzania by 2030. The table focuses on job creation, investment, per capita income, GDP growth, and related metrics, incorporating figures from the manifesto and relevant external sources to reflect the current economic situation (as of May 31, 2025, 11:05 AM EAT) and historical data. The figures are selected to assess the manifesto’s potential to drive economic transformation.

CategoryIndicatorFigure/ValueTimeframe
Job Creation (Zanzibar)New jobs in formal and informal sectors350,000By 2030
Cooperative Training (Zanzibar)Number of cooperative societies to receive training2,5002025–2030
Livestock Loans (Zanzibar)Number of cows provided per youth per region annually22025–2030
Blue Economy (Zanzibar)Contribution to economy (jobs or output, units unclear)300,000By 2030
Infrastructure InvestmentTanga–Arusha–Musoma Railway length1,108 km2025–2030
Infrastructure InvestmentNew port construction at Bagamoyo1 port2025–2030
Infrastructure Investment (Zanzibar)Integrated port construction at Mangapwani1 port2025–2030
Per Capita Income (Zanzibar)Increase in per capita income (USD)Not quantified (targeted increase)By 2030
GDP Growth (Tanzania)Projected GDP growth rate6%2025
GDP Growth (Zanzibar)Projected GDP growth rate6.8%2025
Historical GDP GrowthReal GDP growth rate5.3%2023
Historical Per Capita IncomeNational GDP per capitaUSD 1,1492024
Historical Investment (Zanzibar)Investment projects (2015–2020)304 projects worth USD 3.74 billion2015–2020
Historical Jobs (Zanzibar)Jobs created from investments (2015–2020)16,8662015–2020
Agricultural GrowthIncrease in irrigated farmland681,383 to 983,466 hectares (+44%)2020–2024
Food SecurityFood sufficiency level114% to 128%2020–2024
Inflation RateNational inflation rate3.3%March 2025
Public DebtPublic debt as a percentage of GDP41.1%2024

Notes:

  1. Scope: The table includes key figures from the manifesto (e.g., 350,000 jobs in Zanzibar, 1,108-km railway) and external sources (e.g., 6% GDP growth for Tanzania in 2025, 3.3% inflation in March 2025) to evaluate the manifesto’s realism in driving economic change by 2030. Historical data (e.g., 304 investment projects worth USD 3.74 billion, 44% irrigation growth) provides context for feasibility.
  2. Zanzibar Focus: The manifesto provides specific targets for Zanzibar, such as 350,000 jobs and 2,500 cooperatives, but lacks quantified national targets for per capita income and GDP growth, supplemented by external projections.
  3. Ambiguity: The “300,000” figure for the blue economy lacks clear units (jobs or output), and per capita income targets are qualitative. National job creation targets (e.g., 8.5 million) are mentioned in external sources but not confirmed in the manifesto.
  4. Current Context: As of May 31, 2025, 11:05 AM EAT, Tanzania’s stable growth (5.3% in 2023, 6% projected for 2025) and low inflation (3.3%) support the manifesto’s feasibility, though challenges like public debt (41.1% of GDP) and foreign exchange shortages persist.
  5. Alignment with NDV 2050: The figures align with NDV 2050’s goals of achieving over 8% annual GDP growth, with manifesto initiatives like infrastructure and job creation supporting prosperity and inclusivity.

The Chama Cha Mapinduzi (CCM) Manifesto for the 2025 General Election presents a robust plan to strengthen Tanzania’s economy, ensuring it is inclusive, competitive, and sustainable, in alignment with the National Development Vision 2050. With a focus on economic empowerment, the manifesto targets the creation of 350,000 new jobs in Zanzibar by 2030, building on past achievements like a 44% increase in irrigated farmland (from 681,383 to 983,466 hectares) and a rise in food security from 114% to 128% between 2020 and 2024. By promoting private sector investment, advancing the blue economy, and providing affordable loans to youth and cooperatives (e.g., training 2,500 cooperatives in Zanzibar), CCM aims to foster equitable growth. Infrastructure projects, such as the 341-km Mwanza–Isaka Standard Gauge Railway, enhance competitiveness, while sustainable initiatives like national food and fuel reserves ensure long-term stability, aligning with NDV 2050’s vision of a prosperous and self-reliant Tanzania.

Strengthening the Economy: Key Strategies

The CCM Manifesto prioritizes building a robust, inclusive, and competitive economy through targeted interventions across various sectors. The document highlights the following strategies:

Inclusivity in Economic Growth

Inclusivity is a core pillar of the manifesto, ensuring that economic benefits reach all segments of society, particularly marginalized groups such as youth, women, and low-income communities. Key initiatives include:

Competitiveness and Sustainability

The manifesto emphasizes competitiveness and sustainability to ensure long-term economic resilience:

Alignment with National Development Vision 2050

The NDV 2050 envisions a Tanzania that is prosperous, equitable, and self-reliant, with a strong economy, social equity, and sustainable development. The CCM Manifesto aligns with these goals as follows:

Figures Supporting Economic Strategies

The manifesto provides specific figures to illustrate past achievements and future targets:

Challenges and Considerations

While the manifesto’s strategies are ambitious, some challenges remain:

Conclusion

The CCM Manifesto for 2025 proposes a multi-faceted approach to strengthen Tanzania’s economy by focusing on GDP growth, investment, job creation, and agricultural productivity, with specific targets like 350,000 jobs in Zanzibar and increased irrigated land (983,466 hectares by 2024). It ensures inclusivity through affordable loans, cooperative training, and youth empowerment, while promoting competitiveness via infrastructure and technology investments. Sustainability is addressed through the blue economy, green initiatives, and resource reserves. These strategies align closely with NDV 2050’s goals of prosperity, equity, and self-reliance, though clearer metrics and funding plans could enhance implementation. By building on past achievements (e.g., 44% irrigation growth, 128% food security), the manifesto lays a strong foundation for sustainable and inclusive economic growth.

Table summarizing key figures related to economic growth and inclusivity from the Chama Cha Mapinduzi (CCM) Manifesto for the 2025 General Election, as outlined in the provided document. These figures highlight past achievements (2020–2024) and future targets (2025–2030) to strengthen Tanzania’s economy, ensuring it is inclusive, competitive, and sustainable, with alignment to the National Development Vision 2050.

CategoryIndicatorFigure/ValueTimeframe
Agricultural ProductivityIncrease in irrigated farmland681,383 to 983,466 hectares (+44%)2020–2024
Food SecurityFood sufficiency level114% to 128%2020–2024
Job Creation (Zanzibar)New jobs in formal and informal sectors350,000By 2030
Cooperative Support (Zanzibar)Number of cooperative societies to receive training2,5002025–2030
Livestock Loans (Zanzibar)Number of cows provided per youth per region annually22025–2030
Blue Economy (Zanzibar)Contribution to economy (jobs or output, units unclear)300,000By 2030
Inflation Control (Zanzibar)Reduction in inflation rateTo be kept low annually2025–2030
GDP Growth (Zanzibar)Increase in GDP contribution from industriesNot quantified (targeted increase)By 2030
Per Capita Income (Zanzibar)Increase in per capita income (in USD)Not quantified (targeted increase)By 2030
Infrastructure (Railway)Standard Gauge Railway (Mwanza–Isaka)341 km2025–2030
Infrastructure (Railway)Standard Gauge Railway (Tabora–Kigoma)506 km2025–2030

Notes:

  1. Clarity of Figures: Some figures, such as the “300,000” for the blue economy, lack clear units (e.g., jobs, economic output, or investment), which may require further clarification for precise analysis.
  2. Scope: The table focuses on economic growth and inclusivity metrics, with an emphasis on quantifiable data from the manifesto. Some targets (e.g., GDP and per capita income growth) are mentioned but not quantified with specific figures.
  3. Zanzibar Focus: Many specific figures pertain to Zanzibar, reflecting the manifesto’s dedicated section for the region. Mainland Tanzania’s targets are less detailed in the provided document excerpt.
  4. Alignment with NDV 2050: The figures support the manifesto’s alignment with NDV 2050 by targeting prosperity (e.g., GDP growth, job creation), equity (e.g., cooperative training, youth loans), and sustainability (e.g., blue economy, food security).

The Chama Cha Mapinduzi (CCM) Manifesto for the 2025 General Election outlines a transformative infrastructure agenda for 2025–2030, aimed at enhancing connectivity and driving economic activity across Tanzania’s urban and rural landscapes. Key projects include the 1,108-km Tanga–Arusha–Musoma railway, 218-km Igawa–Uyole–Songwe–Tunduma road, and the new Bagamoyo port, alongside Zanzibar-specific initiatives like the 48-km Tunguu–Makunduchi road and Mangapwani port (Pages 49–50, 61, 68). Urban areas benefit from congestion-reducing flyovers in Dar es Salaam and Bus Rapid Transit expansions, while rural regions gain from paved roads and bridges, such as the 133.9-km Geita–Bukoli–Kahama road, ensuring year-round market access (Page 49). By investing in eight new aircraft for Air Tanzania and two new airports in Zanzibar (Page 51, 67), the manifesto fosters trade, tourism, and inclusive growth, aligning with the National Development Vision 2050’s goals of connectivity and prosperity.

Key Infrastructure Projects (2025–2030)

The manifesto details several major infrastructure projects across roads, railways, ports, maritime transport, and aviation, with specific attention to both mainland Tanzania and Zanzibar. These projects are designed to improve connectivity, reduce transportation costs, and stimulate economic activity.

1. Roads and Bridges

2. Railways

3. Ports

4. Maritime Transport

5. Aviation

6. Bus Rapid Transit (BRT)

Addressing Urban and Rural Needs

Urban Areas

Rural Areas

Enhancing Connectivity and Economic Activity

Alignment with National Development Vision 2050

The NDV 2050 emphasizes modern infrastructure to drive economic growth, connectivity, and equitable development. The manifesto’s infrastructure projects align as follows:

Challenges and Considerations

Conclusion

The CCM Manifesto for 2025–2030 outlines ambitious infrastructure projects, including 1,108 km of new railways, 218 km of regional roads, urban flyovers, and new ports like Bagamoyo, to enhance connectivity and economic activity. Urban areas benefit from congestion-reducing projects like BRT and metro systems, while rural areas gain from paved roads and bridges, ensuring market access for farmers and businesses. These initiatives align with NDV 2050’s vision of a connected, prosperous, and equitable Tanzania, though clear funding and maintenance plans are needed to ensure success. By addressing both urban mobility and rural accessibility, the manifesto fosters inclusive economic growth across Tanzania.

Key figures related to infrastructure development from the Chama Cha Mapinduzi (CCM) Manifesto for the 2025 General Election, covering the period 2025–2030. These figures highlight specific infrastructure projects and their scope, aimed at enhancing connectivity and economic activity in both urban and rural areas of Tanzania, as outlined in the manifesto. The table focuses on quantifiable data from the document to provide a clear overview of the manifesto’s infrastructure commitments.

CategoryIndicatorFigure/ValueTimeframe
RoadsIgawa–Uyole–Songwe–Tunduma road length218 km2025–2030
RoadsKibaoni–Majimoto–Inyonga road length162 km2025–2030
RoadsTarime–Mugumu road length87 km2025–2030
RoadsGeita–Bukoli–Kahama (Busoka) road length133.9 km2025–2030
RoadsMabokweni–Maramba–Bombo Mtoni–Umba–Same road length278 km2025–2030
Roads (Zanzibar)Tunguu–Makunduchi road length48 km2025–2030
Roads (Zanzibar)Fumba–Kisauni road length12 km2025–2030
Roads (Zanzibar)Mkoani–Chake road length43.5 km2025–2030
Roads (Zanzibar)Nungwi Tourism Road length12 km2025adaptive–2030
RailwaysMwanza–Isaka Standard Gauge Railway length341 km2025–2030
RailwaysMakutupora–Tabora Standard Gauge Railway length368 km2025–2030
RailwaysTabora–Isaka Standard Gauge Railway length165 km2025–2030
RailwaysTabora–Kigoma Standard Gauge Railway length506 km2025–2030
RailwaysUvinza–Musongati Standard Gauge Railway length156.6 km2025–2030
RailwaysTanga–Arusha–Musoma Railway length1,108 km2025–2030
AviationNew aircraft for Air Tanzania8 aircraft2025–2030
PortsNew port construction at Bagamoyo1 port2025–2030
Ports (Zanzibar)Integrated port construction at Mangapwani1 port2025–2030
Aviation (Zanzibar)New airports in Zanzibar (Nungwi and Paje)2 airports2025–2030

Notes:

  1. Scope: The table focuses on quantifiable infrastructure metrics from the manifesto, including road lengths, railway lengths, number of aircraft, and port developments. Non-quantified commitments, such as rural road upgrades or urban metro systems, are excluded due to lack of specific figures.
  2. Urban and Rural Coverage: Projects like the Tanga–Arusha–Musoma railway (1,108 km) and regional roads (e.g., 218 km Igawa–Tunduma) enhance rural connectivity, while urban-focused initiatives like Dar es Salaam flyovers and BRT expansion address city needs.
  3. Zanzibar-Specific Projects: The table includes Zanzibar-specific figures (e.g., 48 km Tunguu–Makunduchi road, Mangapwani port) to highlight the manifesto’s focus on regional development.
  4. Alignment with Economic Goals: These projects support economic activity by improving trade routes (e.g., Bagamoyo port), market access (e.g., rural roads), and tourism (e.g., Zanzibar’s Nungwi Tourism Road), aligning with the National Development Vision 2050’s connectivity and prosperity objectives.

The Chama Cha Mapinduzi (CCM) Manifesto for the 2025 General Election outlines a robust plan to boost investment projects and per capita income, driving economic empowerment and GDP growth in Tanzania and Zanzibar by 2030. Targeting 350,000 new jobs in Zanzibar and supported by infrastructure projects like the 1,108-km Tanga–Arusha–Musoma railway and Bagamoyo port, the manifesto aims to attract private sector investment to enhance trade and tourism. Initiatives such as training 2,500 cooperatives and providing two cows per youth annually in Zanzibar (Page 58) aim to increase per capita income, building on past achievements like 304 investment projects worth USD 3.74 billion from 2015–2020. With projected GDP growth of 6% for Tanzania and 6.8% for Zanzibar in 2025, these strategies align with the National Development Vision 2050’s goal of a prosperous, inclusive economy.

1. Increasing Investment Projects

The CCM Manifesto emphasizes attracting private sector investment and implementing strategic projects to drive economic growth and job creation. Key strategies include:

2. Increasing Per Capita Income

The manifesto aims to raise per capita income to improve living standards and ensure inclusive economic growth, particularly for marginalized groups like youth and women. Key approaches include:

3. Job Creation for Economic Empowerment

Job creation is a cornerstone of the manifesto’s economic empowerment strategy, particularly targeting youth and informal sector workers. Key initiatives include:

4. GDP Growth Targets for Tanzania and Zanzibar by 2030

The manifesto outlines ambitions for GDP growth, though specific numerical targets for 2030 are less detailed compared to earlier manifestos. Available figures and projections include:

5. Alignment with National Development Vision 2050

The NDV 2050 aims for a national GDP of USD 1 trillion and a per capita GDP of USD 12,000 by 2050, with an annual growth rate exceeding 8%. The manifesto’s strategies align as follows:

6. Challenges and Considerations

Conclusion

The CCM Manifesto for 2025–2030 plans to increase investment projects through infrastructure development (e.g., 1,108-km Tanga–Arusha–Musoma railway, Bagamoyo port) and private sector engagement in sectors like the blue economy and tourism. It aims to raise per capita income through affordable loans (e.g., two cows per youth in Zanzibar) and training for 2,500 cooperatives. Job creation targets include 350,000 jobs in Zanzibar by 2030, with a potential national goal of 8.5 million jobs. While specific GDP growth targets for 2030 are not quantified, external projections suggest 6% for mainland Tanzania and 6.8% for Zanzibar in 2025, aligning with NDV 2050’s 8% annual growth goal. These strategies foster inclusive and sustainable growth, though clearer targets and funding plans would enhance implementation.

Table summarizing key figures related to investment projects, per capita income, and GDP growth from the Chama Cha Mapinduzi (CCM) Manifesto for the 2025 General Election, focusing on the period 2025–2030. These figures highlight specific initiatives and targets for job creation, economic empowerment, and GDP growth in Tanzania and Zanzibar, as outlined in the manifesto, with some contextual data from external sources to address the question’s focus on measurable targets.

CategoryIndicatorFigure/ValueTimeframe
Job Creation (Zanzibar)New jobs in formal and informal sectors350,000By 2030
Cooperative Training (Zanzibar)Number of cooperative societies to receive training2,5002025–2030
Livestock Loans (Zanzibar)Number of cows provided per youth per region annually22025–2030
Blue Economy (Zanzibar)Contribution to economy (jobs or output, units unclear)300,000By 2030
Infrastructure InvestmentTanga–Arusha–Musoma Railway length1,108 km2025–2030
Infrastructure InvestmentNew port construction at Bagamoyo1 port2025–2030
Infrastructure Investment (Zanzibar)Integrated port construction at Mangapwani1 port2025–2030
Per Capita Income (Zanzibar)Increase in per capita income (USD)Not quantified (targeted increase)By 2030
GDP Growth (Zanzibar)Projected GDP growth rate6.8%2025
GDP Growth (Tanzania)Projected GDP growth rate6%2025
Historical Investment (Zanzibar)Investment projects (2015–2020)304 projects worth USD 3.74 billion2015–2020
Historical Jobs (Zanzibar)Jobs created from investments (2015–2020)16,8662015–2020

Notes:

  1. Scope: The table focuses on quantifiable metrics related to investment projects, per capita income, and GDP growth from the manifesto. External sources provide context for GDP growth projections (6% for Tanzania, 6.8% for Zanzibar in 2025) and historical investment data (304 projects worth USD 3.74 billion in Zanzibar, 2015–2020).
  2. Zanzibar Focus: The manifesto provides specific figures for Zanzibar, such as 350,000 jobs and 2,500 cooperatives, but lacks detailed national targets for per capita income and GDP growth.
  3. Ambiguity in Targets: The “300,000” figure for the blue economy lacks clear units (jobs or output), and per capita income targets are qualitative. The national job creation target of 8.5 million is mentioned in an X post but not confirmed in the manifesto.
  4. Alignment with NDV 2050: These figures support the National Development Vision 2050’s goals of prosperity (e.g., infrastructure investments), inclusivity (e.g., cooperative training, youth loans), and high GDP growth (targeting over 8% annually).

Tanzania’s debt-to-GDP ratio rose significantly from 32.68% in 2013 to 47.30% in 2024, reflecting a 184% increase in national debt outpacing 92% GDP growth over the period. This 14.62 percentage point increase, peaking at 53.4% mid-2023, was driven by aggressive infrastructure borrowing (e.g., TZS 14.81 trillion for SGR in 2024/25), a shift to high-cost commercial loans (30.5% of 2022/23 disbursements), low tax revenue (13% of GDP), and TZS depreciation (2.6% in 2024), highlighting the fiscal challenges of balancing development ambitions with economic sustainability.

Explanation of Figures:

Debt-to-GDP Ratio Trend

The debt-to-GDP ratio, Below are the key figures for national debt and GDP from 2013 to 2024, sourced from Statista, IMF, World Bank, and TICGL, with estimates for intermediate years based on trends.

YearNational Debt (USD Billion)GDP (USD Billion)Debt-to-GDP Ratio (%)
201314.9344.0032.68
201417.2046.2033.80
201519.6048.5135.10
201621.9050.9436.50
201724.3053.4937.90
201826.7056.1639.20
201929.1059.8540.50
202031.5062.8441.00
202133.0069.2441.30
202233.2775.9444.85
202337.0980.0046.87
202442.3684.4047.30

Notes:

Key Figures

Reasons for the Increase in Debt-to-GDP Ratio

The increase in Tanzania’s debt-to-GDP ratio from 32.68% in 2013 to 47.30% in 2024 is primarily due to debt growing faster than GDP, driven by a combination of economic and policy factors. Below, we outline the key reasons with supporting figures.

A. Rapid Debt Accumulation

B. Slower GDP Growth Relative to Debt

C. TZS Depreciation

Economic and Policy Factors Contributing to the Trend

The following economic and policy factors drove the increase in the debt-to-GDP ratio, supported by figures and sources:

  1. Policy-Driven Infrastructure Spending:
    • Policy: The Tanzania government’s Mini-Tiger Plan and Five-Year Development Plans (FYDP III) prioritized infrastructure to boost trade and industrialization (e.g., SGR, TZS 14.81 trillion in projects).
    • Impact: External borrowing for transport and telecommunications (27% of debt allocation) and energy/mining (15%) increased debt stock (e.g., USD 28.6 billion in 2019 to USD 42.36 billion in 2024).
    • Figure: Infrastructure projects accounted for 30% of the 2024/25 budget (TZS 14.81 trillion), funded largely by external debt (USD 34.1 billion).
  2. Shift to Commercial Borrowing:
    • Policy: Increased reliance on commercial creditors (30.5% of new external disbursements in 2022/23) versus concessional loans (47.2% from multilateral institutions). Commercial loans carry higher rates (6–7% vs. 1–2% for concessional).
    • Impact: Higher interest costs (e.g., T-bills rose from 5.8% to 11.7% by March 2024) increased debt servicing (TZS 9.09 trillion in 2022/23, 28.9% of recurrent budget), contributing to debt stock growth.
    • Figure: External debt rose from USD 16.4 billion (2016) to USD 34.1 billion (2024), with commercial borrowing driving ~30% of new debt.
  3. Low Revenue Mobilization:
    • Economic Factor: Tax revenue remains low at 13% of GDP (2024, World Bank), compared to Sub-Saharan peers, due to a large informal sector (46.7% of GDP). This limits fiscal space, necessitating borrowing.
    • Policy: Efforts to raise tax revenue (e.g., TZS 29.41 trillion in 2024/25, 10% increase) are underway but insufficient to cover fiscal deficits (2.5% of GDP in 2023/24).
    • Impact: Borrowing financed deficits (e.g., TZS 16.07 trillion, 28.2% of 2025/26 budget), increasing debt-to-GDP from 38.3% (2022) to 47.30% (2024).
  4. Economic Shocks and Recovery Needs:
    • Economic Factor: The COVID-19 pandemic (2020) reduced tourism’s GDP contribution (10.6% in 2019 to 5.3% in 2020), prompting borrowing (e.g., USD 14.3 million IMF relief) to address balance of payments needs.
    • Impact: Debt rose from USD 31.50 billion (2020) to USD 33.27 billion (2022), pushing the ratio from 41.00% to 44.85%. Recovery efforts sustained borrowing.
  5. Monetary Policy and Exchange Rate:
    • Policy: The Bank of Tanzania maintained a 6% Central Bank Rate (2024/25), stabilizing inflation (3.1%) but not countering TZS depreciation (2.6% in 2024).
    • Impact: Depreciation increased the TZS value of external debt (e.g., USD 34.1 billion became TZS 91.29 trillion), raising the debt-to-GDP ratio.

Explanation with Figures

Summary

Tanzania’s debt-to-GDP ratio increased from 32.68% in 2013 (USD 14.93 billion ÷ USD 44 billion) to 47.30% in 2024 (USD 42.36 billion ÷ USD 84.40 billion) due to debt growing faster (184%, 6% annually) than GDP (92%, 5.5% annually). Key drivers include:

Tanzania’s debt servicing costs relative to GDP have evolved significantly from 2013 to 2024, reflecting the country’s growing debt burden and economic dynamics. Over this period, debt servicing costs rose from an estimated USD 1.36 billion (TZS 3.71 trillion, 3.09% of GDP) in 2013 to USD 2.52 billion (TZS 6.87 trillion, 2.99% of GDP) in 2024, with a peak of USD 3.33 billion (TZS 9.09 trillion, 4.39% of GDP) in 2022. This evolution, driven by a 184% increase in national debt (USD 14.93 billion to USD 42.36 billion), TZS depreciation (8% in 2023/24), and shifts toward higher-cost commercial loans, underscores the fiscal challenges Tanzania faces in balancing debt repayment with economic growth.

Explanation of Figures:

Debt Servicing Costs

From the previous analysis, A compiled debt servicing costs for 2013–2021 and 2023–2024, with 2022 as a confirmed data point (TZS 9.09 trillion, USD 3.33 billion). Other years rely on estimates using a debt service-to-GNI ratio of 2.5–3.5% (based on TICGL’s 2.89% for 2023 and IMF’s 5–7% of GDP range). Below are the figures:

YearDebt Servicing Cost (USD Billion)Debt Servicing Cost (TZS Trillion)
20131.13–1.583.08–4.31
20141.18–1.653.22–4.50
20151.24–1.743.38–4.74
20161.30–1.823.54–4.96
20171.37–1.913.73–5.21
20181.44–2.013.92–5.48
20191.51–2.114.11–5.75
20201.58–2.224.30–6.05
20211.73–2.424.71–6.59
20223.339.09
20232.316.29
20242.10–2.945.72–8.01

Notes:

Debt Servicing Cost as % of GDP

YearDebt Servicing Cost (USD Billion)Debt Servicing Cost (TZS Trillion)GDP (USD Billion)Debt Service-to-GDP Ratio (%)
20131.363.7144.003.09
20141.423.8646.203.07
20151.494.0648.513.07
20161.564.2550.943.06
20171.644.4753.493.07
20181.734.7056.163.08
20191.814.9359.853.02
20201.905.1862.843.02
20212.085.6569.243.00
20223.339.0975.944.39
20232.316.2980.002.89
20242.526.8784.402.99

Evolution of Debt Service-to-GDP Ratio

Trend Summary

Drivers of Changes in the Ratio

  1. Debt Stock Growth:
    • Total national debt grew 184% from USD 14.93 billion (2013) to USD 42.36 billion (2024), per Statista. This increased servicing obligations, especially for external debt (71.3% of total in 2023/24).
    • Impact: Higher debt stock raised absolute servicing costs (e.g., USD 1.36 billion in 2013 to USD 2.52 billion in 2024), but the ratio remained stable due to proportional GDP growth.
  2. GDP Growth:
    • GDP grew from USD 44 billion (2013) to USD 84.40 billion (2024), a 92% increase (4–6% annually). Strong GDP growth offset rising debt service costs, keeping the ratio stable except in 2022.
    • Impact: GDP growth of 5–6% annually (IMF) outpaced debt service growth (~4–5% annually, except 2022), stabilizing the ratio around 3%.
  3. TZS Depreciation:
    • The TZS depreciated by 8% in 2023/24 and 0.5% in 2023 (per BoT and Statista). This increased the cost of servicing USD-denominated external debt (71.3% of total).
    • Impact: Depreciation likely contributed to the 2022 spike (USD 3.33 billion), as TZS costs for external debt payments rose, pushing the ratio to 4.39%.
  4. Debt Composition:
    • External debt (71.3%) includes concessional loans (1–2% rates) and commercial loans (6–7%). Domestic debt (28.7%) carries higher rates (15–19%, per BoT).
    • Impact: The 2022 spike may reflect increased commercial borrowing or principal repayments on post-2015 infrastructure loans (e.g., SGR). The decline in 2023–2024 suggests a shift back to concessional financing.
  5. Principal Repayments:
    • The 2022 spike (TZS 9.09 trillion) likely includes significant principal repayments on maturing loans from the mid-2010s infrastructure boom.
    • Impact: Principal repayments temporarily inflated the ratio in 2022, unlike the stable interest-driven costs in other years.
  6. Interest Rate Changes:
    • Domestic T-bill rates rose from 5.8% to 11.7% by March 2024 (per X posts). Commercial external loans (6–7%) also increased costs compared to concessional loans.
    • Impact: Higher rates on domestic and commercial debt likely contributed to the 2022 peak and sustained higher costs in 2024.

Explanation with Figures

Summary

The proportion of debt servicing costs to GDP in Tanzania evolved from 3.09% in 2013 to 2.99% in 2024, with a peak of 4.39% in 2022. The ratio remained stable at ~3.0–3.1% from 2013–2021 due to balanced GDP and debt service growth, spiked in 2022 due to principal repayments and TZS depreciation, and declined to ~2.9–3.0% in 2023–2024 with GDP growth and fewer repayments. Key drivers include:

Tanzania’s debt servicing costs have grown significantly from 2013 to 2024, reflecting the country’s rising debt stock and economic pressures. Debt servicing costs increased from an estimated USD 1.36 billion (TZS 3.71 trillion, 3.09% of GDP) in 2013 to USD 2.52 billion (TZS 6.87 trillion, 2.99% of GDP) in 2024, with a peak of USD 3.33 billion (TZS 9.09 trillion, 4.39% of GDP) in 2022. This rise, driven by a 184% increase in national debt (USD 14.93 billion to USD 42.36 billion) and an 8% TZS depreciation in 2023/24, has strained fiscal resources, with debt servicing consuming ~30% of recurrent expenditure (TZS 30.31 trillion) in 2022/23. Reliable data can be sourced from the Bank of Tanzania, IMF Debt Sustainability Analyses, and local reports like The Citizen.

Explanation of Figures:

Data on Debt Servicing Costs

Exact annual debt servicing costs for Tanzania are sparsely reported in public sources, with only a few specific figures available for the requested period. Below, I summarize the known data points and estimate others based on IMF and Bank of Tanzania (BoT) reports, which provide debt-to-GDP ratios, debt service ratios, and fiscal expenditure breakdowns.

Known Data Points

Estimation Methodology

  1. Debt Service Ratio: TICGL reports debt service at 2.89% of GNI in 2023. I’ll assume a range of 2.5–3.5% of GNI for other years, based on IMF DSAs indicating debt service typically ranges 5–7% of GDP for Tanzania.
  2. GNI Data: World Bank provides GNI (current USD) for select years (e.g., USD 69 billion in 2021, USD 75.94 billion in 2022). I’ll interpolate GNI for other years using GDP growth rates (4–6% annually, per IMF and World Bank) and assume GNI tracks GDP closely.
  3. External vs. Domestic Debt: External debt is 71.3% of total debt in 2023/24, with domestic debt at 28.7%. I’ll apply this ratio to estimate cost breakdowns, assuming external debt (concessional at 1–2%, commercial at 6–7%) and domestic debt (at 15–19% lending rates, per BoT and mortgage market data).
  4. Exchange Rate: Convert TZS to USD using 1 TZS = 0.000366972502112619 USD for consistency.

GNI Estimates

Using World Bank GNI data and GDP growth trends (4–6% annually), I estimate GNI as follows:

Debt Service Estimation

Estimated Debt Servicing Costs (2013–2021, 2023–2024)

Below is the estimated annual debt servicing costs, combining known data, estimates, and conversions. Figures are rounded for clarity.

YearGNI (USD Billion)Debt Service-to-GNI Ratio (%)Debt Service (USD Billion)Debt Service (TZS Trillion)
2013452.5–3.51.13–1.583.08–4.31
201447.252.5–3.51.18–1.653.22–4.50
201549.612.5–3.51.24–1.743.38–4.74
201652.092.5–3.51.30–1.823.54–4.96
201754.702.5–3.51.37–1.913.73–5.21
201857.432.5–3.51.44–2.013.92–5.48
201960.302.5–3.51.51–2.114.11–5.75
202063.322.5–3.51.58–2.224.30–6.05
2021692.5–3.51.73–2.424.71–6.59
202275.942.89 (actual)2.199.09
2023802.892.316.29
2024842.5–3.52.10–2.945.72–8.01

Notes:

Trends and Insights

Summary

The exact annual debt servicing costs for Tanzania from 2013 to 2021 and 2023 to 2024 are partially available, with estimates filling gaps:

Table: Key Figures for Tanzania’s National Debt and Servicing Costs (2013–2021, 2023–2024)

The table will include total national debt, debt-to-GDP ratio, estimated debt servicing costs (in USD and TZS), and external debt as a percentage of GNI (where available). I’ll use the exchange rate of 1 TZS = 0.000366972502112619 USD (October 22, 2024, per Statista) for conversions and clearly note where data is estimated due to gaps. The table will be concise, focusing on the most relevant metrics to provide a clear overview of the debt servicing landscape.

YearTotal National Debt (USD Billion)Debt-to-GDP Ratio (%)Debt Servicing Cost (USD Billion)Debt Servicing Cost (TZS Trillion)External Debt (% of GNI)
201314.9332.681.13–1.583.08–4.31-
201417.2033.801.18–1.653.22–4.50-
201519.6035.101.24–1.743.38–4.74-
201621.9036.501.30–1.823.54–4.96-
201724.3037.901.37–1.913.73–5.21-
201826.7039.201.44–2.013.92–5.48-
201929.1040.501.51–2.114.11–5.75-
202031.5041.001.58–2.224.30–6.05-
202133.0041.301.73–2.424.71–6.5941.04
202233.2744.853.339.0940.53
202337.0946.872.316.29-
202442.3647.302.10–2.945.72–8.01-

Explanation of Key Figures

  1. Total National Debt (USD Billion):
    • Sourced from Statista (2013, 2022–2024), IMF, and Trading Economics (interpolated for 2014–2021).
    • Shows a 184% increase from USD 14.93 billion in 2013 to USD 42.36 billion in 2024, driven by infrastructure borrowing (e.g., SGR, hydropower).
  2. Debt-to-GDP Ratio (%):
    • Sourced from IMF and Statista, rising from 32.68% (2013) to 47.30% (2024), indicating growing debt relative to economic output.
    • Reflects moderate sustainability risk per IMF’s 2023/24 DSAs (present value of debt-to-GDP at ~35% vs. 55% benchmark).
  3. Debt Servicing Cost (USD Billion and TZS Trillion):
    • 2022: Actual figure of TZS 9.09 trillion (USD 3.33 billion) from The Citizen, consuming ~30% of recurrent expenditure (TZS 30.31 trillion).
    • Other Years: Estimated using 2.5–3.5% of GNI, based on TICGL’s 2.89% for 2023 and IMF’s 5–7% of GDP range. Converted to TZS using 1 USD = 2,725.3 TZS.
    • Costs rose from USD 1.13–1.58 billion in 2013 to USD 2.10–2.94 billion in 2024, reflecting debt stock growth and higher domestic interest rates (15–19%).
  4. External Debt (% of GNI):
    • Available only for 2021 (41.04%) and 2022 (40.53%) from World Bank data.
    • External debt (71.3% of total in 2023/24) drives servicing costs, exacerbated by TZS depreciation (8% in 2023/24).

Tanzania Vision 2050 envisions a middle-income, semi-industrialized economy by 2050, with a population exceeding 114 million, requiring 8-10% GDP growth, poverty below 10%, and robust infrastructure. The performance of TIC, LGAs, TRA, and PPPC suggests they can collectively serve as viable alternatives for development and economic growth, provided they address scalability and coordination challenges. Below, we assess their contributions and potential with figures.

1. Tanzania Investment Centre (TIC)

2. Local Government Authorities (LGAs)

3. Tanzania Revenue Authority (TRA)

4. Public-Private Partnership Centre (PPPC)

Collective Potential

Table: Performance and Viability for Vision 2050

InstitutionCurrent Metric (2024)2050 TargetGDP Growth ImpactDevelopment RoleViability Score (1-10)
TIC$6.2B FDI$50B FDI3% → 4%Jobs, industrialization8
LGAs$0.46B revenue$2.6B revenue1% → 1.5%Services, rural growth5
TRA$9.26B revenue$37B revenue2% → 4%Budget, infrastructure9
PPPC$3B PPPs$20B PPPs1% → 3%Infrastructure, urbanization7

Viability Score: Reflects capacity to drive sustainable development and growth.

Conclusion

TIC, LGAs, TRA, and PPPC can serve as viable alternatives for development and economic growth under Vision 2050, with TRA (score 9) and TIC (score 8) showing the strongest potential due to revenue and FDI scalability. PPPC (score 7) and LGAs (score 5) are less effective but critical for infrastructure and services. Collectively, they could drive 9-10% GDP growth by 2050, supporting industrialization and poverty reduction for 114 million people, provided they address execution, funding, and governance gaps. The bar chart highlights their trajectory toward Vision 2050 goals.

The table will focus on their current performance (2024/2025), Vision 2050 targets, and contributions to the 8-10% GDP growth goal, aligned with the projected 114-million population by 2050. Figures are drawn from prior analyses, with monetary values in USD (1 USD ≈ TZS 2,700, 2025 rate). The table will highlight their roles in industrialization and poverty reduction, as requested in the context of Vision 2050.

Table: Key Figures for TIC, LGAs, TRA, and PPPC in Support of Vision 2050

InstitutionMetricCurrent Value (2024/2025)Vision 2050 Target (2050)Contribution to 8-10% GDP GrowthImpact on Development (2050)
TICForeign Direct Investment (FDI)$6.2B (2023)$50B~3% (current) → ~4%10M jobs, poverty from 25% to 15%
Job Creation150,000 jobs10M jobsSupports industrial GDP (25% → 40%)Supports 50M people (5 per job)
Export Growth12% annually (2020-2024)20% annuallyBoosts manufacturing exportsEnhances rural/urban livelihoods
LGAsOwn-Source Revenue$0.46B (5% national revenue)$2.6B (10% share)~1% (current) → ~1.5%Funds SMEs, rural growth
Service Coverage8,000 schools, 2,500 health facilities15,000 schools, 5,000 facilitiesSupports human capitalServices for 114M, 60% urban
Staffing Levels40% positions filled (some regions)80% positions filledEnhances local productivityReduces inequality
TRATax-to-GDP Ratio12.5% ($9.26B revenue)20% ($37B revenue)~2% (current) → ~4%Funds $100B budget
Informal Sector Formalization50,000 SMEs formalized1M SMEs formalizedExpands tax base5M SME jobs, urban poverty cut
Digital Compliance80% of businesses95% of businessesScales revenue collectionSupports infrastructure
PPPCPPP Investment$3B (2020-2024)$20B~1% (current) → ~3%Urban housing, rural infrastructure
Completed PPP Projects10 projects50 projects/yearBoosts trade, urbanizationLifts 5M poor, 60% urban
Local Private Sector Share15% of projects40% of projectsEnhances local capacityDrives inclusive growth

Notes:

Explanation of Key Figures

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