Tanzania Is Ahead Of Schedule
Forbes Africa|October - November 2020
I congratulate all my compatriots on this historic achievement. We had envisaged to achieve this status by 2025 but with strong determination, this has been possible in 2020. God bless Tanzania.”
Dante Di Iulio
Tanzania Is Ahead Of Schedule

Since 2015, the Tanzanian Fifth Phase Government, under reform-minded President Dr John Pombe Magufuli, has set an ambitious industrialisation agenda in pursuit of the goals articulated in its National Development Vision 2025. To achieve that, and in addition to focusing on industrial products, President Magufuli has emphasised the need for attracting foreign investments into the country to drive economic development while implementing the Vision 2025 to become a middle-income nation.

Despite the COVID-19 pandemic, Tanzania has achieved its middle-income vision five years ahead of schedule. Tanzania achieved the status, with a GNI per capita of US$1,080 up from an average of US$622 in the previous administration. “I congratulate all my compatriots on this historic achievement. We had envisaged to achieve this status by 2025 but with strong determination, this has been possible in 2020. God bless Tanzania,” Dr Magufuli posted on Twitter when the World Bank had just announced the new status for Tanzania on 1st July, 2020. This development was markedly celebrated by authorities, patriots and the common citizens, an outpour of joy from its ambitious population following years of strong focus on delivery, hard work and determination.

According to the World Bank, Tanzania was among seven countries that moved to a higher category, the lower middle-income level, from the least developed category, demonstrating a definite step forward in the national development process. In five years, Magufuli doubled the national GDP twice to TZS 124.0 trillion (about US$60 billion), up from an average of TZS 52.4 trillion (US$25 billion) attained between 2005 and 2015.

MIDDLE-INCOME STATUS HAS ITS BENEFITS

Diese Geschichte stammt aus der October - November 2020-Ausgabe von Forbes Africa.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der October - November 2020-Ausgabe von Forbes Africa.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS FORBES AFRICAAlle anzeigen
TRACK, WATCH, BEFRIEND
Forbes Africa

TRACK, WATCH, BEFRIEND

IN THE PRISTINE WILDERNESS OF GABON ARE THE MAJESTIC AND GENTLE WESTERN LOWLAND GORILLAS. A FIRSTHAND REPORT FROM OUR TRAVEL WRITER ON WHAT GOES INTO HABITUATING THEM.

time-read
4 Minuten  |
August - September 2024
CHALLENGING BUT NECESSARY: THE AI BALANCING PROBLEM
Forbes Africa

CHALLENGING BUT NECESSARY: THE AI BALANCING PROBLEM

Artificial intelligence (AI) continues transforming many industries, providing unprecedented opportunities for innovation and efficiency. However, these advancements bring complex challenges that necessitate a delicate balancing act.

time-read
3 Minuten  |
August - September 2024
BEYOND ACADEMIA: THE SOCIETAL IMPACT OF MULTILATERAL EDUCATIONAL COLLABORATIONS
Forbes Africa

BEYOND ACADEMIA: THE SOCIETAL IMPACT OF MULTILATERAL EDUCATIONAL COLLABORATIONS

The great poet William Butler Yeats once said, \"Education is not the filling of a pail, but the lighting of a fire.\"

time-read
3 Minuten  |
August - September 2024
The Business Of Dance: Embracing One's Individuality And Style
Forbes Africa

The Business Of Dance: Embracing One's Individuality And Style

In the dynamic world of street dance, passion and perseverance pave the way for success. Living out this ethos is South African born B-girl turned businesswoman, Courtnaé Paul.

time-read
2 Minuten  |
August - September 2024
COMPASSION FATIGUE: THE DANGEROUS DESCENT FROM HELPING TO HURTING
Forbes Africa

COMPASSION FATIGUE: THE DANGEROUS DESCENT FROM HELPING TO HURTING

It is a workplace reality that caring too much for your colleagues can hurt you.

time-read
2 Minuten  |
August - September 2024
IT HAS NEVER BEEN MORE CRITICAL TO FIND OUR NICHE
Forbes Africa

IT HAS NEVER BEEN MORE CRITICAL TO FIND OUR NICHE

Have you found your niche? I received a lot of advice when I set up my company, but perhaps the most important consisted of just three words: Find Your Niche.

time-read
3 Minuten  |
August - September 2024
HOW TO MAKE AFRICA WIN OFF THE FIELD TOO
Forbes Africa

HOW TO MAKE AFRICA WIN OFF THE FIELD TOO

When all else fails, try sports. It's good for the soul.

time-read
2 Minuten  |
August - September 2024
BEAN THERE, DONE THAT
Forbes Africa

BEAN THERE, DONE THAT

British author Roald Dahl tapped into every chocoholic's imagination when creating Willy Wonka's bizarre chocolate factory in his 1964 children's novel Charlie and the Chocolate Factory.

time-read
6 Minuten  |
August - September 2024
IT DOESN'T GET ANY BETTER THAN WORKING WITH AL PACINO ON BROADWAY'
Forbes Africa

IT DOESN'T GET ANY BETTER THAN WORKING WITH AL PACINO ON BROADWAY'

Arnold Vosloo Actor

time-read
2 Minuten  |
August - September 2024
BLENDED FINANCE: BRIDGING THE GAP IN EMERGING MARKETS IN SUPPORT OF THE SDGS
Forbes Africa

BLENDED FINANCE: BRIDGING THE GAP IN EMERGING MARKETS IN SUPPORT OF THE SDGS

Amid the widespread global support for the United Nations' Sustainable Development Goals (SDGs), there was an underlying concern among economists and financial advisors in the emerging and frontier markets: public sector and donor funds were stalled, if not regressing, and the funding gap to realize the SDGs was increasing.

time-read
2 Minuten  |
August - September 2024