Under the astute leadership of President Samia Suluhu Hassan, Tanzania has witnessed a significant economic transformation, culminating in attracting over $1 billion in foreign direct investment. This remarkable achievement is the result of a series of strategic policies and reforms that have shaped Tanzania’s economic trajectory.

Tanzania’s journey from a command economy to a market economy has been pivotal in shaping its current economic structure. Since 1985, the country has embraced market-oriented policies, opening up its economy to global trade and investment.

Agriculture plays a critical role in this economy, contributing 28.7 per cent to the nation’s GDP and employing half of its workforce. This sector is not just an economic pillar but also a lifeline for millions of Tanzanians, underscoring the importance of sustainable agricultural practices and policies to support this key area of the economy.

 

Source: The Exchange

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