Many types of businesses exist in Tanzania. The government of Tanzania encourages many different types of businesses so that they can improve the country’s economic situation.
There are business opportunities for you in Tanzania in mining, tourism, agriculture, etc.
Because most Tanzanian businesses depend on road transportation, they can be set up for either logistics or transportation.
The economy of Tanzania has grown rapidly in recent times, which means that it is possible for people to make money by starting their own businesses. Here are some examples of what they could do.
The Best Small Business Ideas in Tanzania for Locals & Foreigners
Teaching and Training
Tanzania has a huge demand for qualified teachers. Thus you can start teaching students from various levels which will bring you a handsome income. Teaching in career-oriented courses also has a high demand. So start your own school or college and make good profits.
You can teach from your house, in a classroom or hired center, or online. Good network with the students and their families is very important to increase your sales.
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Commercial agriculture has a promising future in Tanzania because there is an abundance of fertile lands, a favorable climate, and low-cost labor. You can begin your agricultural business on a large tract of land using modern equipment. Both staple foods, as well as exportable products, do very well in Tanzania.
Staple foods include maize, cassava, sweet potatoes, and sugarcane, while exportable products include coffees, teas, tobaccos, etc. You may select any one of these. The agricultural business will bring you a handsome return.
Start a poultry business in Tanzania
The Tanzanian government is considering introducing legislation to protect the rights of farmers who breed chickens. Farmers would be able to register their plots and set up businesses without having to pay fees. They would also be allowed to sell their eggs and meat directly to consumers.
Tanzania grows a wide range of staple foods such as millet, sorghum, rice, beans, cassava, yams, plantains, etc. However, only a small percentage of these are known for being preserved. Therefore, starting a crop processing business will be a lucrative venture for you.
You may locate your processing units near the farmlands and sell the products directly to the consumers.
Mobile Car Wash
Mobile auto washes are a good business idea for people living in Tanzania. Aside from the basic necessities, you’ll also require a vehicle to get to your client’s homes. You could offer additional repair services to increase your income.
Solar energy is in high demand in Tanzania because it has plenty of sunlight throughout the year. Therefore, if you want to set up a solar panel manufacturing business, you could start by offering the service of installing and repairing solar systems. This would add value to your products and services.
You can start a successful co-working space in Tanzania by offering services such as computer access, printing, scanning, and Internet facilities at affordable prices to medium and small entrepreneurs who don’t have their own offices.
A wide range of applications is much desired in Tanzania. You can take advantage of this opportunity and begin your business application company. Attempt to create applications for various service businesses where the program will help them to get to clients better.
At the same time, the consumers will likewise discover it easy to utilize the applications for their own benefit.
Computer and Smartphone Repair
The use of computers has increased to an incredible degree in Tanzania. There is a demand for repairs of them. If you are skilled at repairing computers and smartphones, you can begin your mobile device maintenance company.
You can do it at home and once your firm grows rent office premises. A good personal network at both the national and local levels will help you earn a lot from this enterprise.
In Tanzania, the mobile phone industry is growing very rapidly. You can start a mobile phone shop and sell cheap phones to people who do not have money to buy expensive ones. Your customers will appreciate your service and they will come back again and again.
The haulage of petroleum through the nation is a profitable business in Tanzania. The requirement for petroleum is growing and roads are the primary means of communication. So you can begin the hauling of petroleum-like diesel or kerosene from the ports to the farmlands.
You should invest in tanker trucks and reliable chauffeurs for this business. In addition, you require the needed licenses and permits.
The rapid growth of eCommerce has created a huge demand for warehousing services. You can start your own warehousing service firm which will help you distribute goods to various companies. This is a profitable business provided you do the right kind of research.
You will require a proper license and permit to start your warehousing business.
Handicrafts are much in demand. If you want to earn a lot of money selling handmade goods, choose a good location for your business.
Car and Scooter Rental
Car and scooter rental businesses are very lucrative in Tanzania. You can get started with just a few vehicles and rent them out on a daily or hourly bases. As your business grows, expand into new cities and towns and increase the number of vehicles you offer.
Make sure you maintain a steady clientele and keep your prices low enough so that everyone can afford to rent a vehicle.
LPG or cooking oil supply is a great investment opportunity for you. It has a high demand. You can begin your supply businesses in a location where there are fewer competitors and you do not require any licenses or permits. It is a highly lucrative venture.
There is a high demand for financial consulting in Tanzania. If you want to become a successful financial consultant, you need to be knowledgeable in finance and accounting.
Medium and small businesses require employees on a regular schedule and often the workers leave the position and the company finds itself with an empty spot. To fill this gap, one may start his/her own business as a staffing firm.
A staffing firm will have a group of staff members who possess various skill sets and specialties and you will provide these people with the contacts of the employers and set their rates with the companies. Your income will come from commissions earned from both ends.
Open a Bakery
The bakery industry is quite profitable in Tanzania like in most other nations. To start a successful bakery, one must find a good location for his/her store and provide quality products and services. Selling baked goods and quick meals can help increase sales. Special order services and selling online will also boost profits.
Start a Restaurant Business in Tanzania
Open a business near an office area or a marketplace. Serve good local or international food. Prompt service and takeout options will help you earn a lot of money.
Many people prefer homemade meals at work or at their homes. You can begin a catering company if you have a knack for cooking. Your meals must be prepared well and according to orders. Deliveries must be prompt and punctual and you must advertise your services online and offline.
The busy mothers of Tanzania need a good childcare service for their kids. They can start a childcare center either individually as a nanny or together as a team setting a childcare center for many kids. The setup of a childcare center should be clean, hygienic, and comfortable for the kids.
Hire caring and responsible employees for your childcare center as caring and responsibility demand taking good care as well as responsibilities.
As the economic situation in Tanzania continues to improve, there is a growing need for digital marketers who know how to use digital tools like SEO or social networking sites.
As a digital marketer, you need to plan the overall campaign, help make the site, write SEO copy and create an effective social-marketplace strategy. Your job requires a strong web presence and solid networking skills.
An entrepreneur who wants to get into the field of catering must know what he/she is doing. One needs to understand the basics of cooking before starting his own restaurant. He should learn about food preparation, menu planning, and how to manage the kitchen efficiently.
A person who wants to enter the catering industry should make sure that he knows everything about food preparation, menu design, and managing the kitchen. The website of the restaurant is very important.
Frequently Asked Questions
What steps can I take to make my business profitable in Kenya?
Tanzania is an emerging market but its economy is growing and the government is helping new entrepreneurs to start their own businesses.
A foreigner can’t legally own property in Tanzania.
Foreign entrepreneurs can register a new company in Tanzania. Alternatively, they can set up a foreign company in Tanzania if they want to be treated as an individual entrepreneur.
Where would be the best place to set up a new company in Tanzania?
These are the top five cities in Tanzania to start your own venture.
- Dar Es Salam
- Zanzibar City
What is DevVison 2025?
The government plans to improve the economy of Tanzania by 25% by 2025.
Tanzania has been growing rapidly for some time now, so starting up a business there could prove profitable.
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