Zanzibar’s revenue body exceeds tax collection target for August
ZRA has exceeded its tax collection target by 102.34 percent for August 2024.Continue Reading
Zanzibar Business News UptoDate and all in one place
ZRA has exceeded its tax collection target by 102.34 percent for August 2024.Continue Reading
Ankaya Village offers more than just a place to live—it’s a lifestyle choice that’s as enriching as it is rewardingContinue Reading
Othman, has emphasised that change is an inevitable part of global struggles and that the time has come for Zanzibar to implement and witness this transformation.Continue Reading
Chief Secretary of the Revolutionary Government of Zanzibar, Zena Said says it is necessary to consider the needs of the sector and to prepare young people to meet these needsContinue Reading
By promoting economic growth through diverse activities that enhance entrepreneurship, tourism, women’s empowerment, and youth development, the festival is making a significant impact.Continue Reading
Tourism investors in Zanzibar have voiced their concerns over the introduction of mandatory travel insurance, cautioning about its potential negative impact on the industry.Continue Reading
Zanzibar — Zanzibar President, Dr Hussein Mwinyi, has said his government is focusing on enhancing seaweed value addition and domestic production capacity to deliver high-quality products for both local and international markets.
Speaking to European Union (EU) Ambassador to Tanzania, Christine Grau at State House, Dr Mwinyi said the government is doing everything in its power to promote seaweed production and ensure that both farmers and the government benefit from the business.
The EU Ambassador was in the isles for a familiarisation tour.
“Value addition stands as a crucial pillar in transforming the seaweed sector, which employs almost 99 per cent of women in Zanzibar,” said Dr Mwinyi.
He asked the EU to support seaweed farming through training and the provision of modern equipment and a value chain plan.
“With significant investment, particularly in seaweed value addition, Zanzibar will be better positioned to earn more foreign exchange,” he noted.
Dr Mwinyi said seaweed is among Zanzibar’s blue economy agenda for development and that investors are invited to invest in the sector.
President Mwinyi pledged to continue strengthening the existing good relations between Zanzibar and the EU.
He said the cooperation between the two sides has helped improve social services such as education, water, health and infrastructure.
The Zanzibar seaweed farming sector is flourishing, with recent industry analysis suggesting that Zanzibar produces 23,000 tonnes of seaweed annually.
On her part, Ambassador Grau commended the government of Zanzibar under President Mwinyi, pledging to maintain areas of cooperation between the two sides.
She explained that through their “Green City” project, the EU has been supporting gender issues, especially empowering women in education, the economy including fishing and financial management.
Get the latest in African news delivered straight to your inbox
Meanwhile, President Mwinyi held a separate meeting at the State House with Indian Ambassador to Tanzania Mr Shri Bishwadip Dey.
Dr Mwinyi said Zanzibar cherishes the good relationship with India, stating that the establishment of India Institute of Technology (IIT) Madras University branch in Zanzibar is a milestone in the two countries’ relations.
President Mwinyi said the establishment of the IIT in the isles strengthens diplomatic relations between the two sides.
He said: “India is one of the key stakeholders in the development of Zanzibar as it has been, for many years, providing support in various sectors including water, health and education sectors.”
Since India has advanced in technology, Dr Mwinyi said IIT Madras campus in the Isles will help bring technological improvement and promote Zanzibar globally.
Health and Education sectors, Dr Mwinyi explained, have received commendable support from India, including treatment of patients from Tanzania, study scholarships and trade.
On tourism, President Mwinyi asked the Ambassador to attract more Indian tourists to the isles. He said most of the tourists who visit Zanzibar come from Eastern Europe and other parts of the world.
In response, the Envoy reassured President Mwinyi to maintain the existing historical good relations, especially in business, tourism and investment sectors.
The diplomatic relationship between Tanzania and India dates back to November 1962 when India opened its high commission in Dar es Salaam followed by a consulate in Zanzibar in 1974.
Source: allafrica.com
With this addition, Air Tanzania Corporation Limited (ATCL) now boasts a fleet of 16 aircraft,Continue Reading
Amesema ni muhimu shirika hilo likaangalia zaidi safari za ndege zinazopitia Zanzibar ili kuvutia watalii wanaotembelea vivutio vilivyopo.Continue Reading
The NMB Bank’s corporate social responsibility (CSR) policy requires it to invest one percent of its net income annually and this has seen financing the acquisition of hundreds of desks and the purchase of hospital equipment across the countryContinue Reading
Zanzibar Investment News Tanzania Investors Ltd © 2025