TOP 10 BUSINESS OPPORTUNITIES IN TANZANIA 2020
Starting a business in Tanzania does not require too much thinking and racking of the brain. What you just need to know is that Tanzania is rich in nature. There are a lot of Businesses that come along with this Natural wealth. Below are some of the Businesses which one can start in Tanzania.
#1. Food Processing
What you just need to know is that Tanzania's Agric sector can boast of large cultivation of crops like corn, cassava, sweet potatoes, beans, bananas, millet, tobacco, coffee, and tea but the major challenge that this sector is facing is the preservation of this crop.
If you have the capacity to establish a food processing plant in Tanzania, you would definitely reap good returns on your investment especially when your commodity is cheaper than the ones imported from other countries. This is actually going to grow into a big business with time.
TOP 10 BUSINESS OPPORTUNITIES IN TANZANIA
#2. Travels and Tourism
This is one type of business where you can catch fun while making money at the same time. Tanzania is a major tourist destination in Africa. The travel and tourism sector is responsible for the employment of over 10 percent of the country's labor force. Presently, the travel and tourism industry is considered to be the fastest-growing sector in Tanzania and it is still very much open to investors. So if you are looking towards
establishing your own business in Tanzania, then you should consider starting your own Travels and Tourism Company. Of course, there are a lot of investors in this business already giving to the fact that tourism is one thing that attracts many people but one should not be discouraged by this after all business is about risks.
#3. Construction Company
Tanzania is rated as an underdeveloped country and it lacks many basic infrastructures. If you are an accredited investor with interest in the African continent, it would pay you a great deal to establish a construction company in Tanzania. There are loads of construction jobs to be done in Tanzania and the construction companies available in
Tanzania isn't empowered enough to handle most of the jobs. So there you go. A young Engineer who is brave enough to start up his/her company and at the end takes over and becomes the head of the leading construction company.
#4. Water Refill Station
As we all know, there is nothing more precious than clean, good water. The government of Tanzania is still Working hard to provide clean and potable water to its citizens. If you are thinking of starting a business in Tanzania, then you should consider opening a
water refill station. It is a very profitable venture in Tanzania. It will really pay with time.
#5. Rental Services
Rental service is another great and profitable business in Tanzania. If you open your rental services and you rent public address systems, chairs, and tables, canopies, etc. You can boast to have loads of people patronizing you on a regular basis. This is one business that is rare to find in most African countries, so let's say one starts it and becomes the number one Rental in town.
Still on The 10 Business Opportunities In Tanzania 2018
#6. Export
Tanzania is a place that can boast of raw materials in abundance. But one problem they have is that there are not enough industries, Manufacturers, companies to process them. Some countries have enough companies where raw materials can be processed into finished goods but do not have the raw materials while some other countries have them in abundance. One can involve in this lucrative business of exporting these raw materials. Although this business may involve a lot of risks and connection, it's one business that is worth the stress.
#7. Hotel and Accommodation
Coming in on our 10 lists of business opportunities in Tanzania is "Hotel and Accommodation" Housing is a big-time business idea that can get one real income. For instance, a traveler coming from a far country and having nowhere to go can bump into you and you tell the person you have a place for Lodging and you get your money. It's as easy as that. But one should be careful when coming up with this idea because some hotels may be very beautiful and welcoming but because of the distance of it from a particular place, the customer may leave that one for a nearer one.
#8. Solar Energy
Solar energy is one of Africa's most abundant natural resources. Most parts of sub-Saharan Africa enjoy more than 300 days of free God-given sunlight every year. Still, over 600 million people on the continent, especially in rural areas, don't have access to reliable electricity. In most cities and towns, power outages are the norm and people often have to rely on noisy petrol and diesel power generators.
Solar energy is free, absolutely clean and abundant. And it provides the best alternative for people in remote parts of Africa who are out of reach of electricity grids. Interestingly, some smart entrepreneurs are rising to the challenge of lighting up Africa through solar energy, and are very likely to join the millionaires club soon.
#9. Smartphones
Africa is currently the second-fastest-growing market for mobile phones, after Asia. However, the first wave of Africa's mobile phone revolution is almost over.
These days, African consumers are looking to upgrade from the first generation feature phones to smartphones. It's no surprise that the continent's growing population of technology and fashion-savvy youth now presents a multi-billion dollar market for smartphones.
However, most 'new-age' smartphone devices like iPhone, Blackberry and Samsung are quite expensive for the average African. This has created a huge opportunity for low-priced smartphones that are now hitting the African market.
Better still, many of these smartphones are built on the Android operating system, have similar features to the 'high end' smartphones and most are just as stylishly designed. One would make a great fortune being a marketer of Smartphones in Tanzania
#10. Internet Access
This is one area where one can invest in Tanzania and be rest assured that in due time profit will come out of it. So many investors are already trooping in with this idea of creating good internet access and getting the proceeds from it due to the fact that Africa's internet market is worth billions of dollars.
We have seen lots of business we can carry out for ourselves. Starting small is necessary as this will enable you to learn a lot in that particular business you are interested in.
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TOP 10 RICHEST MEN IN TANZANIA 2020 & NET WORTH
Tanzania has been favoured by its rising economic growth which has largely resulted from the number of business moguls who have contributed to its labour sector. In certain cases, some of these influential moguls have generated employment opportunities for the Tanzanian populace and by reason of this, Tanzania now boasts of its stance as one of the growing economies in East Africa, which brought our interest in the top 10 richest Men In Tanzania.
Below are the names of the influential multi-millionaires who have laid down their wealth as a foundation on which the economic growth of Tanzania can be further strengthened.
TOP 10 RICHEST MEN IN TANZANIA 2020 AND THEIR NET WORTH
1. Mohammed Dewji
Having buttressed his wealth with 75% ownership of METL Group, Mohammed Dewji has been regarded as the youngest billionaire on the list of 50 richest Africans 2017. Mohammed Dewji's wealth resulted from his successful business enterprise which he established after obtaining the ownership of some production plants owned by the Ugandan government. Currently, his net worth is estimated at $1.3 billion.
2. Rostam Azizi
Rostam Azizi is the owner of several companies including Caspian Mining. In view of his huge shareholding in Tanzania's biggest mobile phone operator –Vodacom Tanzania –Azizi (sold) a portion equivalent to 17.2 percent of the total share portion of the giant company. In addition to Rostam Azizi's name as a business mogul, he emerged as the very first billionaire this nation has ever produced. As it stands, the renowned business mogul is worth $1 billion.
3. Said Salim Bakhresa
Within forty years, Salim Bakhresa was able to attain a remarkable feat marked by the transformation of his Bakhresa Group which is currently one of the biggest conglomerates in East Africa. Apart from his fame as the founder of the Azam TV, Salim Bakhresa has largely succeeded with his business empire that has created employment for over 5,000 persons. From his business dealings which cover areas such as petroleum trading, ferry services, and food beverages, Salim Bakhresa has amassed the net worth of $575 million.
4. Reginald Mengi
With his net worth estimated at $560 million, Reginald Mengi is regarded as one of Tanzania's self-made richest people. As the top manager of IPP Media Group, which marks one of Africa's biggest media conglomerates, Reginald Mendi has come out into the scene of moguls currently dominating Africa's media industry.
5. Ally Awadh
Ally Awadh has built himself a reputable business empire through his involvement in oil trading and services. Having been authorized by the license the government granted him, Ally Awadh initiated his petroleum firm, Lake Oil Group, which concentrated on the importation and distribution of petroleum within the country.
6. Shekhar Kanabar
Kannabar's wealth largely rests on his authoritative position as the manager of Synarge Group –one of the renowned conglomerates in Tanzania. Under the ownership of his family, Shekhar Kanabar manages Synarge Group which concentrates on industrial activities including spare parts for automobiles, recycling of batteries and manufacturing of lead.
7. Subash Patel
Within 20 years, Patel was able to transform his business venture of rolling mill into one of the country's renowned conglomerates –the Motisun Group. As a going concern, the Motisun Group is composed of over 15 various subsidiary companies actively present in areas including real estate, food processing, mining, paints, plastics and steel making.
8. Ghalib Said Mohammed
Having partnered with his father in the business concerned with collective/general trades and cashew farming, Ghalib Said Mohammed eventually set up his own enterprise, the GSM Group, which as constantly yielded him returns as it renders business services including retailing, real estate management, general trading, manufacturing, transportation, finance, media, and logistics.
9. Fida Hussein Rashid
Through his establishment of Africarriers Group, which became part of Nation's first set of companies to trade in second-hand vehicles, Hussein Rashid has soared high in the automotive industry. Having transformed it beautifully and made it the first East African company to engage in the importation of Toyota and other Japanese automobiles, Africarriers Group now boasts of its unparalleled achievement as the sole company distributing some automotive brands including Golden Dragon and Eicher.
Other Richest People In Tanzania 2017 Include :
Salim Turky
Yogesh Manek
Abdul Aziz Abood
Yusuf Manji
Haroon Zakaria
Ali Mufuruki
Nasir Mustaga
There you have it on the top ten richest men in Tanzania and their Net worth 2020.
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Top 10 Richest Men in Zimbabwe 2020 and Net Worth
Have you wondered who is the richest man in Zimbabwe, a country believed to be the location of Ophir, the ancient wealthy country from which King Solomon got Ivory, Gold and other wealth symbols of the ancient? This suggests that Zimbabwe, despite its current economic challenges is a cool place to build wealth from. So here we go on the top 10 richest Men in Zimbabwe 2020.
The Following are The Top 10 Richest Men in Zimbabwe & Net Worth
1. Strive Masiyiwa
Masiyiwa founded the global telecommunications group Econet Wireless, with operations and investments in Africa, Europe, South America and the East Asia Pacific Rim, he was also the chairman of this establishment.
Strive Masiyiwa Net Worth – $1.7 Billion
Strive Masiyiwa among The Top 10 Richest Man in Zimbabwe and Net Worth
2. Takudzwa Razemba
Founder of Orbz Corporation, Holden International, and Hainz Group, a diversified group with over £82 billion market capitalization. His companies are also listed on FTSE, NYSE, and JSE.
Takudzwa Razemba Net Worth $785 Million
3. Nicholas Van Hoogstraten
He is a business tycoon, Nicholas Hoogstraten has shares in many companies, which contains Econet and RTG.
Nicholas Van Hoogstraten – $729 Million
4. Billy Rautenbach
Rautenbach has "Green Fuel" plant intended to help Zimbabwe generate enough fuel and to eventually reduce the import bill of Zimbabwe.
Billy Rautenbach – $720 Million
5. Shingai Mutasa
Shingai is a graduate in economics from University College of London. He started with commodity trading and he also marketed his family business.
Shingai Mutasa – $142 Million
6. Philip Chiyangwa
He is a rich entrepreneur and politician in the country. He is the founder of Affirmative Action Group.
Philip Chiyangwa –
7. Ben Magara
Ben Magara was appointed Chief Executive Officer of Lonmin plc in 2013. This company was the world's third-largest platinum producer and owner of the Marikana Mine.
Ben Magara Salary – $1.15 Million
8. Sifiso Dabengwa
In 2011, Raymond Sifiso Dabengwa was appointed as the president and chief executive officer of MTN. He became the highest paid CEO in African telecoms in the year 2013.
Sifiso Dabengwa Salary – $772,735
9. Emmanuel Makandiwa
He has a big stake in the entertainment industry, Ster Kinekor's franchise, both in Zimbabwe and Zambia.
10. George Guvamatanga
Guvamatanga has been the Managing Director and Executive Director of Barclays Bank of Zimbabwe Ltd since January 2008 and is also the president of the Bankers Association of Zimbabwe
There you have it on "Top 10 Richest Men in Zimbabwe", share your thoughts and opinions with us through the comment box
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TOP 10 RICHEST MAN IN UGANDA 2020 & NET WORTH
As Uganda continually increases its wealth base through the influence of a number of rich personalities, the East African country surprisingly has a list of richest people In Uganda in which most of them are of Indian descent.
RICHEST PEOPLE IN UGANDA 2020 AND THEIR NET WORTH
1. Sudhir Ruparelia
Through the influence of his massive net worth which hovers around $1.2 billion, Sudhir Ruparelia has emerged into great fame as the wealthiest person in Uganda and in the entirety of East Africa. Moreover, Sudhir Ruparelia is regarded as a renowned and fortunate tycoon who rose from a mere business enterprise which he set up with a meagre sum of $25,000.
As he remains the richest Ugandan, he is largely associated with investment dealings in sectors including real estate, broadcasting, education, insurance, and banking.
2. Karim Hijri
Regarded as the main force behind the presence of Dembe Group of Companies, Karim Hijri has attained an impressive feat as Uganda's second wealthiest person. As the Dembe Group of Companies continually thrives through its subsidiaries such as Dembe FM and Imperial Group of Hotels, Karim Hijri is declared to be worth $750 million.
3. Alykhan Kharmali
Under the aegis of Mukwano Family, Alykhan Kharmali has claimed a notable position amidst the richest Ugandans, especially as he remains the main force behind one of Uganda's famous companies –Mukwano Group of Companies. With his investments largely centered on banking and manufacturing, Alykhan Kharmali is currently worth $700 million.
4. Mohammed Hamid
Having emerged into Uganda's class of richest personalities at a youthful age, Mohammed Hamid is considered a fortunate business colleague with huge investments in areas such as transportation, real estate, and manufacturing.
As the owner and originator of the Aya Group, which forms part of Uganda's thriving companies, Mohammed Hamid's net worth swirls around $400 million.
5. Charles Mbire
Since many of the richest Ugandans are of foreign descents, Charles Mbire claims a notable position as the wealthiest native Ugandan. With his entire worth valued at $350 million, Mbire is well known for his diverse business investments which span across transportation, agribusiness, pharmaceuticals, telecommunications, real estate, energy, and finance.
6. Sikander Lalani
Other than his investment dealings which largely centre on the manufacturing sector, Lalani is the vital force behind the existence of Roofing Groups. Having established himself as an entrepreneur for a very long time, Sikander Lalani has acquired a sum of $300 million as net worth.
7. Aaron M Mukooza
With regard to his large investments which heavily span across the media together with the banking sector, Mukooza has amassed some net worth valued at $200 million.
8. Gordon Wavamunno
As the best part of his wealth is believed to have stemmed from his automotive business, Gordon Wavamunno is immensely linked with the ownership of Spear House together with Spear Motors –his automotive company. Meanwhile, he has the sum of $100 million as his overall worth.
9. Mukesh Shukla
Shukla is reported to have acquired $100 million as net worth mainly from his ownership of Shumuk Group of Companies –a successful company concerned with cooking utensils.
10. Patrick Bitature
Bitature is a wealthy personage who acquires the largest portion of his money through a giant telecom company, Simba Telcom, which he presides over. As Simba Telcom Ltd is regarded as Uganda's biggest seller/merchant of MTN airtime, Bitature's wealth has surged perpetually and as the chairman of the giant telecom company, his current net worth hangs around $100 million.
That's all on Top 10 Richest Men in Uganda and Net Worth
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TOP 10 RICHEST MUSICIANS IN TANZANIA 2020
It sounds otherwise when you see the Richest musicians in Tanzania but this is Africa and it is a continent blessed with various talents in different areas, this great country is not left out. We have decided to write about the richest musicians in Tanzania.
1. Diamond Platnumz ( Naseeb Abdul )
Diamond Platnumz has managed to become one of the tops of African performers, which is no small feat to attain when one is a Tanzanian artist. Yet other talents from Tanzania can aspire to this rank.
Naseeb Abdul remained in the shadows for a long time in search of a break, but now that the spotlight has been thrown at him, he proved himself to be at the top of the music charts. He made his debut in 2009 with his song "Kamwambie".
Diamond Platnumz Cars
He is one of the most expensive players, not only in Tanzania, but the region and he does not seem like the outside musicians as he is on stage on a weekly basis. You want him for a show, you will pay $4000 (Sh350,000).
In addition, the Advertising deals signed Naseeb Abdul, has allowed him to make a fortune in a short time. He has hotels in Tanzania with acres of land, cars, and shops.
2. JOSEPH Haule (Professor Jay)
He began his musical career in 1990 with a band called Hard Blasters. This is the band that started the style of music known as 'Muziki wa kizazi kipya'. The artist has acquired his wealth through the many shows that he performed abroad.
A seaside mansion with a built-in studio, he drove a modest Toyota Spacio, but do not let him fool you, it can afford more because he makes a good amount of money from his music, has many plots and he his also a serious investor.
Who is the Richest Musician in Tanzania
3. JUDITH Wambura (LADY JAY DEE)
Judith Wambura began her musical career in late 1999, now one of the most respected artists in Tanzania. She works very hard, which led to her success and being able to amass a fortune in her name and has remained humble throughout her success.
Lady Jay Dee has in her garage a minibus Coaster Nissan Murano, Toyota, Toyota Prado and others. It is obvious that you can't have everything. She also has a mansion. She's very strong and has a group with the name Machoz
4. Yesaya AMBWENE (AY)
He began his musical career in 2000 with the group East Coast. Subsequently, the group broke up and he continued to do his solo music with his close friend Hamisi Mwinjuma (Mwana FA). They remain close friends and have been friends for over ten years.
AY likes to keep his private life private and moves as far as possible from the cameras. All the shyness of the camera can go wrong, but he is one of the richest artists in Tanzania. He got his wealth from the many shows he does and international events that generously pay him. He has a collection of cars, a clothing line with his name and several shops.
AY is the owner of the Unity entertainment company that produces programs like the famous 'Mkasi', which is broadcasted on East Africa Television.
5. JUMA Nature (KIROBOTO)
Juma Nature
It is one of the long timers that are still relevant in the music scene. He was able to make a name for himself from his days in the TMK male group performers when he was under Mkubwa Fela. He then left and formed his own group called "Wanaume Halisi". He has a fleet of taxis operating in Dar es Salaam; He also has acres of land and a house.
6. Barakah Da Prince
Baraka Da Prince
He is one of the best Tanzanian artists. In the image of Diamond, we have, in the person of Barakah Da Prince, a brilliant "lover" endowed with great talent and a superb voice. This is what we have seen in Nivumilie, in collaboration with Ruby, or more recently thanks to Siwezi.
7. Jux (Juma Jux)
Juma Jux is also another cool artist that has made it to our list of richest musicians in Tanzania.
Looking For You or One More Night and more, are songs that have enjoyed cool successes.
8. Vanessa Mdee
When Tanzanian music combines with the feminine (although this is already the case grammatically), it is without disputes possible that one must refer to Vanessa Mdee.
Her biggest hit Nobody But Me (ft. K.O) Has passed a million views on YouTube. It is not far away thanks to its tubes the mixed Tanzanian group that rides Navy Kenzo, whose title is Game. She is still as surprising in her latest solo piece Never Ever. This and many more got her to number 9 on our list.
9. Ali Kiba
He is the most popular Tanzanian artist behind Platnumz. Alikiba has been successful in solo with Chekecha Cheketua, Mwana; But also in duet with Christian Bella (Nagharamia) And particularly with the group Sauti Sol in an exceptional, featuring (Unconditionally Bae).
10. For our number ten, we would let Tanzanian music fans to decide which music artist they believe should be on the spot
That's all on "Top 10 Richest Musicians in Tanzania", share your thoughts and opinions with us through the comment box
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