Ten million hectares of forest: that’s the total area The Nature Conservancy (TNC) aims to see protected or restored by the Africa Forest Carbon Catalyst, launched this week. Adapting a business model from Silicon Valley’s technology startups, TNC intends to help local enterprises raise $300 million of investment by 2025 for forest conservation and restoration projects in Africa that will avoid some 20 million tonnes of CO2 emissions and improve the lives and livelihoods of up to half a million people.
Around 20 percent of the world’s remaining forests are found in Africa; here, as elsewhere, they are under extreme pressure.
Tanzanian telecommunications firm Maktech has become the first locally-owned firm in the country to win a telecom tower construction licence.
The licence will allow the firm to build low-cost towers that provide new network facilities in Dar es Salaam, Coastal Dodoma, Mwanza, Arusha and Mbeya regions. Maktech will build up to two hundred towers within the next five years to deliver stable and reliable network coverage across the country.
Increased telecommunications infrastructure rollout in rural Tanzania would bring social and economic benefits to millions of Tanzanians. While the growth of telecommunication services continues to rise in Tanzania, the country of 60.6 million people has an internet penetration rate of just 25% and large parts of the country still lack mobile phone connectivity.
The development is also a significant breakthrough for advocates of local leadership and ownership in a sector naturally dominated by multinational firms.
I would say this is the time to come to Tanzania without hesitation. We have new presidents now both in the mainland and in Zanzibar. The common focus is on tourism and how the industry can be enhanced.
The president of Zanzibar has drawn out a plan that will see Zanzibar up there with the likes of Mauritius and Seychelles as a tourist attraction. The potential is there and we are positioning ourselves to support national ambitions like that.
Incoming investors would do well to have pieces of property in the Serengeti, Kilimanjaro and Zanzibar. There is an airline system that connects those three destinations that can be fully taken advantage of. Investors don’t have to limit themselves to property ownership though. Investing in small aircraft services, for example, for exploring the various sites would also be a great investment.