Shinyanga

tabsg

Overview
Shinyanga region is a hub for commerce, transport, regional cooperation and economic development in the Lake Zone. The region is situated on Lake Victoria, one of the biggest fresh-water lakes in the world, at the crossroads of trade between Tanzania and neighboring countries of Uganda, Kenya Rwanda, and Burundi. Shinyanga has every reason to be a prosperous commercial center and due to rapid growth in economy especially in industrial development and tourist attractions, massive migration of people from all over the country searching for employment opportunities and better life options in Shinyanga. The region contributes 9% of National GDP after Dar es Salaam region.
 
Shinyanga is traditionally an agricultural and livestock development region. Despite of the recent mushrooming of activities within the mining industry, agriculture has continued to dominate the livelihood and economic performance of Shinyanga region. The sector contributes about 75 percent to the district economy and employs more than 90 percent of the working population. Farming is predominantly subsistence. Main cash crops are cotton and tobacco, while the main food crops include maize, sorghum, paddy, sweet potatoes, millet and cassava. Besides farming, livestock keeping, cattle, goats and sheep rearing are major activities in Shinyanga. This means in terms of productive sectors, agriculture is the leading sector in the region. 
This profile, therefore, provides prospective investors and interested parties with insightful information about investing in Shinyanga, including:
 
•    An overview of the main investment opportunities the region presents
•   An  summary  of  the  geographical, political and  economic characteristics of the country
•   An   introduction   to   the   primary agency  responsible  for  promoting and facilitating investment into the country,  the  Tanzania  Investment Centre (TIC)
 
The overall objective of this investment profile for Region is therefore to inform potential investors and stakeholders on available opportunities for investment.  It also identifies and locates existing investment opportunities and their challenges so that respective development partners for economic growth and poverty reduction can make the necessary interventions. 
 
The profile comprises of seven chapters: Chapter One present important outlook and background of the region profile by highlighting key background information such as the economic context within which the region is operating,  its  location, climate and topography, ecological zones, administration, population and total area as well as concept and objective of investment.  Chapter Two gives an overview of the existing investment which has been explained in detail by looking the previous performance of each sector and the current situation. Chapter three gives an in – depth analysis of the investment opportunities in each sector.
 
 In this context, the profile tries to show up un-expoited opportunities available in the region, where by it provides basis for investors to analyse the feasibility investment opportunities available in the region.  Chapter Four shows up management and facilitation of investment; in this context the profile describes difference policy in favour of investors, land matters and disputes, prevailing facilitation center for investors’ i.e: TIC and the regional government in supporting investment in the region.