Image retrieved from thecitizen.co.tz
In the two years to the end of August 2023, the island has attracted nearly $3.73 billion (Sh9.4 trillion) in investments through projects registered by the Zanzibar Investment Promotion Authority (ZIPA).
From sports to entertainment, the blue economy, agriculture, energy, tourism, and technology to international collaborations, Zanzibar is setting an impressive example of what visionary leadership and robust investment can accomplish.
Zanzibar’s Investment Boom
Speaking during the commemoration of the Kizimkazi Day in Zanzibar on August 29, 2023, ZIPA’s executive director Mr. Shariff Ali Shariff stated that the country has overseen a monumental leap in investment and development within just three years.
He said Zanzibar, under President Hussein Mwinyi’s leadership and the dedicated efforts of ZIPA, has attracted investments that promise a presperous future for the island.