Investment Rating - The report does not explicitly provide an investment rating for the livestock sector in Tanzania, but it emphasizes the need for significant public investment and private sector engagement to enhance productivity and competitiveness [22][28]. Core Insights - Tanzania's livestock sector has considerable potential for growth, driven by increasing domestic demand and the need for climate-smart innovations to enhance resilience and productivity [22][23]. - The sector faces challenges such as climate change, inadequate investment, and structural barriers that limit its contribution to GDP and agricultural GDP [24][25]. - Public investment of approximately US$546 million over five years is necessary to address the multifaceted challenges in the livestock sector and enhance its economic contribution [22][28]. Summary by Sections Recent Economic Developments - Tanzania's economy grew by an estimated 5.2% in 2023, supported by public spending and a recovering tourism sector, despite challenges from climate-related shocks [12][29]. - The current-account deficit improved, narrowing from US$554.6 million (4.2% of GDP) in 2M-2023 to US$328.8 million (2.5% of GDP) in 2M-2024, aided by increased export earnings [13][14]. Harnessing a Climate-Smart and Competitive Livestock Sector - The livestock sector is crucial for many households, contributing significantly to food security and income, yet it remains underfunded compared to its potential [23][25]. - Climate-related risks, such as erratic rainfall and higher temperatures, pose significant challenges to the sector's productivity and competitiveness [24]. - There is a need for an enabling environment for private investment to foster innovation and efficiency in the livestock sector [22][28]. Emerging Strengths and Opportunities - Tanzania's strategic geographical location and diverse indigenous livestock breeds present opportunities for regional and global market expansion [26][27]. - Increasing demand for processed and value-added livestock products offers avenues for investment and job creation [27]. Policy Recommendations - Sustainable livestock development requires a substantial increase in public investment, focusing on productivity, trade, climate adaptation, and governance [28]. - Implementing climate-smart practices and enhancing market linkages are essential for mitigating climate risks and improving the sector's competitiveness [28].
坦桑尼亚经济最新消息利用机会在坦桑尼亚建立气候智能型和竞争力的畜牧业(英)2024
Shi Jie Yin Hang·2024-07-22 06:45