Tanzania using geographical location to unlock its full economic potential

Tanzania using geographical location to unlock its full economic potential

Today let me beat some drums for Geography. It is indeed life. Tanzania’s economic projected growth rate of 5.6 percent for 2023 is set to be the third fastest-growing economy in Africa. One of the open secrets is that it has much to do with geography.

One of the critical drivers of Tanzania’s economic growth has been the country’s focus on developing its infrastructure. This has included investments in roads, railways, and ports, which have improved the country’s connectivity and made it easier for various businesses to operate.

In addition to infrastructure development, Tanzania has also implemented policies that are friendly to businesses such as agriculture, tourism, minerals, oil, gas, merchandising, transport, among others.

Another factor contributing to Tanzania’s economic growth is its strategic geographical location. As a country, we are the heartbeat of East Africa. The ideal geographical location and the associated infrastructure make the country access the East African and Southern African markets.

From a geographical perspective, all roads, railways, and ports, their developments are designed around geographical features such as rivers, mountains, and coastlines.

Talk of our natural resources, the location of cities, towns, and other human settlements, and environmental issues at the end of the day, they are influenced by geography.

Geographical factors shape human migration patterns. We live in a particular place because of economic opportunities; it has a lot to do with geography. Look at Mt Kilimanjaro and other diverse tourist attractions in our dear motherland; most are about geographical features.

Even though someone is farming maize instead of coffee, it has a lot to do with geographical factors. Yes, agriculture and food production systems are affected by various geographical factors, including climate, soil quality, and access to water resources. Talk about renewable energy sources, such as solar and wind power, depend on geographical factors such as the availability of sunlight and wind.

Every Tanzanian should take geography seriously and recognize its importance in shaping the country’s economic, social, and environmental systems.

Geography is a critical discipline, that can help Tanzanians better understand their country and world. Unfortunately, some parents discourage their children from studying geography at the university simply because they do not see direct career paths in civil service or business that begin with the title “geographer”, unlike fields such as medicine or engineering where the titles of a “Dr.” or an “Engineer” make career paths clear-cut.

However, this narrow-minded view overlooks the versatility and value of geography as a discipline—the feature of geography as a study is guaranteed. Today, civil, environmental, and transportation engineering can only do with geographic information systems (GIS), and remote sensing.

Tanzanians tasked with managing our natural resources need to know geography and use it as a valuable tool for management. Geographical knowledge is essential for ensuring national resources’ long-term sustainability and promoting economic growth and social well-being in Tanzania.

Without geographical knowledge, how can we manage watersheds and river systems? What of land systems for managing the country’s agricultural resources? What geographical knowledge of Tanzania’s natural resources for managing our energy resources- natural gas, coal, and hydropower?

Without any doubt, stable economic growth and sustainable development in Tanzania, as an expansive knowledge of geography is a key factor that should be considered important at all levels.

Policymakers should understand that geography plays a critical role in shaping the country’s economic, social, and environmental systems, a deep understanding of these systems is essential for promoting long-term sustainable development of the country and its people.

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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms
Tanzania Foreign Investment News
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Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms

President Samia Suluhu Hassan, has handed over a cheque of 354m/- from the National Bank of Commerce (NBC) as compensation to tobacco farmers, who were affected by hailstorms during the previous farming season in various regions across the country.

Handing over the cheque in Dodoma, the compensation is part of the crop insurance service provided by NBC in collaboration with the National Insurance Corporation (NIC).

Furthermore, President Samia has also handed over health insurance coverage to members of the Lindi Mwambao Cooperative Union based in Lindi Region, through the Farmers’ Health Insurance service provided by the bank in partnership with Assurance Insurance Company.

While visiting the bank’s pavilion at the Nanenane Agricultural Exhibition and being received and briefed by the bank’s Managing Director, Mr. Theobald Sabi, she said: “This crop insurance is one of the crucial solutions in ensuring farmers have a reliable income, without fear of challenges such as natural disasters, including hailstorms.

“I call upon all farmers in the country to make the best use of this important opportunity by accessing these kinds of insurance services. I also highly commend NBC and all the stakeholders participating in this programme.”

Elaborating further on the crop insurance service, the Minister of Agriculture, Hussein Bashe, stated that it will help to recover the loss farmers incurred, especially in various calamities beyond their control.

Citing them as floods, fires, and hailstorms, which have significantly affected the well-being of farmers and caused some to be reluctant to invest in the crucial sector, Mr Bashe added: “However, our President, this step by NBC is just the beginning, as this is the second year since they started offering this service, and the results are already visible.

“As the government, we promise to continue supporting the wider implementation of this service, with the goal of ensuring that this crop insurance service reaches more farmers.”

ALSO READ: NBC participates in TFF 2023/24 awards, promises to enhance competition

On his part, Mr Sabi said that the farmers who benefited from the compensations are from 23 primary cooperative unions in the regions of Shinyanga, Geita, Tabora, Mbeya, Katavi, and Kigoma.

He added: “In addition to these insurance services, as a bank, through this exhibition, we have continued with our programme of providing financial education and various banking opportunities to farmers, alongside offering them various loans, including loans for agricultural equipment, particularly tractors, to eligible farmers.:

At the NBC booth, President Samia also had the opportunity to be briefed on the various services offered by the bank to the farmers namely crop insurance and health insurance services.

There, the President had the chance to speak with some of the beneficiaries of the services, including the Vice-Chairman of the Lindi Mwambao Primary Cooperative Union, Mr. Hassan Mnumbe, whose union has been provided with a health insurance card from the bank.

Source: allafrica.com

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