Tanzania has abundant mineral resources such as gold and copper as well as significant gas potential. The country’s strategic location makes it easy to trade with the neighbouring economies and enhances its regional trading cooperation to boost further its economy.
Africa HR Solutions can help you expand your business activities compliantly in Tanzania. We offer Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing, and other HR-related services, with guaranteed compliance to local laws and regulations.
Country Profile - Tanzania
Population: 56.3 mn
Gross Domestic Product (GDP): $62.41 bn
GDP Growth: 5.2%
Inflation: 3.5%
Foreign Direct Investment (% of GDP): 1.9%
Unemployment Rate: 1.9 %
Capital: Dodoma
Currency: Tanzania Shilling
Languages: Swahili, English
Tanzania's Economy
Tanzania is known as a lower-middle-income country status. Its progress today shows sustained macroeconomic stability that has led to growth. Tanzania is rich in mineral resources such as gold and copper and has gas potential whereby offshore reserves were discovered in 2010. The country attracts tourists due to its incredible wildlife, national parks, and coastline. With its strategic geographic position, Tanzania has a good regional cooperation strategy. The country is also known to depend largely on agriculture, comprising 29% of GDP and 65% employment.
Interesting Facts About Tanzania
Tanzania has some of the best national parks in the world
Its cuisine is unique, where you can taste crocodiles, warthogs, antelope, or even ostrich. Spices make the food special.
The beaches of Zanzibar are stunning
Mount Kilimanjaro is the Tallest Mountain in Africa
Public Holidays in Tanzania
New Year’s Day
Zanzibar Revolution Day
Good Friday
Easter Monday
Karume Day
Union Day
Worker’s Day
Saba Saba
Eid el Fitri
Peasants’ Day
Eid el Hajj
Mwalimu Nyerere Day
Republic Day
Prophet’s Birthday
Christmas Day
Boxing Day
Employment in Tanzania
Work agreements can be in both verbal or written formats in Tanzania, though many employees prefer a written agreement that outlines all the key information about their monthly wage preferably in Tanzanian Shillings, compensation, leaves and termination requirements. Employees are entitled to vacation, sick and parental leaves. Africa HR Solutions is your go-to HR outsourcing partner and ensures that your HR outsourcing strategy is aligned with the Tanzanian labour law and cultural policies. We also provide you with the necessary support to devise a competitive compensation package to attract the best talent to your organisation in Tanzania.
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