A SEA CHANGE
NOT JUST FOR ITS UNTOUCHED beaches and swaying palms, Zanzibar, the sunny archipelago off the coast of Tanzania lapped up by the warm waters of the Indian Ocean, may now also be known for its opportunities.
New regulations are set to allow non-Tanzanians to invest in property and own businesses for the first time with greater ease; with tax breaks on offer to investors establishing businesses within Strategic Investment Projects on the island and 99-year leases with residence permits.
According to the World Bank, Tanzania is projected to reach 4.5%- 5.5% growth in 2022 and average 6% over the medium term as exports and domestic demand recover,
