Background information on Tanzania
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Second largest economy in East Africa after Kenya
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Seventh largest economy in Sub-Saharan Africa
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61,7 million people as per the Tanzanian census of 2022
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Growth rate of 2,7% per year
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44 million hectares of arable land with an estimated 29.4 million hectares suitable for irrigation
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Stable political landscape
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Gateway to six land-locked countries (Uganda, Rwanda, Burundi, DR Congo, Zambia & Malawi)
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Three major national ports (Dar es Salaam, Tanga, Mtwara) and access through Mombasa port.
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In 2020 Tanzania graduated from low-income country (LIC) to lower-middle-income country (LMIC) status.
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According to the new Global Innovation Index (GII) 2021 report, Tanzania is ranked among the top five of most innovative countries in Sub-Saharan Africa
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With an inflation rate of 3% in January 2024 and a GDP of 5,3% in the third quarter of 2023 Tanzania is a rapidly growing and stable market (Tanzania National Bureau of Standards).