Numerous investment opportunities remain untapped in Zanzibar-Mwinyi

By Guardian Reporter , The Guardian
Published at 11:04 AM Sep 18 2024
Zanzibar President Dr Hussein Ali Mwinyi
Photo: File
Zanzibar President Dr Hussein Ali Mwinyi

ZANZIBAR President Dr Hussein Ali Mwinyi has emphasized the need for increased investment in the isles, noting that many opportunities remain untapped and insufficiently promoted.

Dr Mwinyi made the statement yesterday at the State House Zanzibar where he met and held talks with a team of investors from Asia who discussed their investment plans in Zanzibar.

He assured them of the government's full cooperation and commitment to opening new investment opportunities and fostering ongoing collaboration.

The president highlighted several areas ripe for investment, including conference tourism, sports tourism, health tourism and festival tourism.

He encouraged the investors to act swiftly on their plans, assuring them that the government was prepared to support their endeavours.

On Zanzibar's traditional spice farming, Dr Mwinyi stressed its significance and advised the investors to consider the subsector carefully.

 He noted that Zanzibar's rich spice heritage has yet to make a significant presence in the Asian market.

He also addressed the film industry, drawing attention to India's success and suggesting that investors explore opportunities to provide training for local filmmakers and potentially bring renowned Indian actors to Zanzibar for film productions.

Dr Mwinyi further indicated a need for more high-end hotels in Zanzibar and assured investors that the government is prepared to tackle any challenges to achieve this goal.

Mudrik Ramadhan Soraga, Zanzibar's Minister for Tourism and Heritage, discussed with the team the importance of promoting Zanzibar in Asia and securing a reliable market for locally produced goods.

Rajiv Desai, coordinator of the delegation and General Manager of 'Swahili Safari,' a tourism company, said that his company has developed a strategy to connect investors from Dubai and India with opportunities in Zanzibar, attracted by the island’s geography, tourism potential and hospitality.

During the event, BlitzIndia magazine was launched, aimed at promoting Zanzibar and Tanzania internationally in areas such as economy, tourism, arts and culture.

President Mwinyi received a copy of the magazine which was officially unveiled at the State House.