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Tanzania Real Estate

We offer Tanzania real estate investment information for Dar es Salaam, Tanga, Pangani, Zanzibar, Kilwa Masoko, Lindi and Mtwara. Scroll down for more information about Tanzania.

Real Estate For Sale In Tanzania

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About Tanzania

Tanzania Population: 36,588,225 (July 2004 est.)
Languages: Kiswahili or Swahili (official), Kiunguju (name for Swahili in Zanzibar), English (official, primary language of commerce, administration, and higher education), Arabic (widely spoken in Zanzibar), many local languages.
Capital: Dar es Salaam
Government Type: Republic
Independence Day: 9 December 1961 (from UK-administered UN trusteeship).
Legal System: Based on English common law; judicial review of legislative acts limited to matters of interpretation; has not accepted compulsory ICJ jurisdiction.
Currency: Tanzanian shilling (TZS)

Executive Branch:

Chief of State: President Benjamin William MKAPA (since 23 November 1995); Vice President Dr. Ali Mohammed SHEIN (since 5 July 2001); note - the president is both chief of state and head of government.

Head of Government: President Benjamin William MKAPA (since 23 November 1995); Vice President Dr. Ali Mohammed SHEIN (since 5 July 2001); note - the president is both chief of state and head of government. note: Zanzibar elects a president who is head of government for matters internal to Zanzibar; Amani Abeid KARUME was elected to that office on 29 October 2000

American Embassy: 140 Msese Road, Kinondoni District, Dar es Salaam
Mailing Address: P. O. Box 9123, Dar es Salaam
Telephone: [255] (22) 2666-010 through 2666-015 FAX: [255] (22) 2666-701

General Overview: Shortly after independence, Tanganyika and Zanzibar merged to form the nation of Tanzania in 1964. One-party rule came to an end in 1995 with the first democratic elections held in the country since the 1970s. Zanzibar's semi-autonomous status and popular opposition have led to two contentious elections since 1995, which the ruling party won despite international observers' claims of voting irregularities.

Economic Overview: Tanzania is one of the poorest countries in the world. The economy depends heavily on agriculture, which accounts for about half of GDP, provides 85% of exports, and employs 80% of the work force. Topography and climatic conditions, however, limit cultivated crops to only 4% of the land area. Industry traditionally featured the processing of agricultural products and light consumer goods. The World Bank, the International Monetary Fund, and bilateral donors have provided funds to rehabilitate Tanzania's out-of-date economic infrastructure and to alleviate poverty. Growth in 1991-2002 featured a pickup in industrial production and a substantial increase in output of minerals, led by gold. Oil and gas exploration and development played an important role in this growth. Recent banking reforms have helped increase private sector growth and investment. Continued donor assistance and solid macroeconomic policies supported real GDP growth of more than 5.2% in 2004.

International Disputes: Disputes with Malawi over the boundary in Lake Nyasa (Lake Malawi) and the meandering Songwe River remain dormant.

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