Analysts hail TDV 2050 as game-changer

TANZANIA: ECONOMIC and political analysts have welcomed Tanzania’s Vision 2050, describing it as an ambitious yet realistic roadmap for socio-economic transformation.

On Thursday, President Samia Suluhu Hassan launched the Tanzania Development Vision 2050 (TDV50) in Dodoma, unveiling a 25-year national roadmap aimed at transforming the country into an upper-middle-income with a projected economy of 1 trillion US dollar.

Dubbed Vision 2050, the ambitious strategy centres on nine key sectors includes agriculture, tourism, industry, construction, mining, the blue economy, sports and creativity, finance and services.

These sectors were identified for their potential to generate employment, increase exports, stimulate other sectors, add value to agricultural produce and enhance national income.

Speaking to the Daily News, Economist and investment banker, Dr Hildebrand Shayo, described the Vision as a key instrument for shaping Tanzania’s economic future, aiming to turn the country into a resilient, inclusive and uppermiddle-income economy by 2050.

“Vision 2050 is more than a plan; it is a commitment to sustained growth and development that can transform our economy and society,” said Dr Shayo.

He said the framework is designed to align investment priorities, public policies and sectoral reforms with long-term national goals, ensuring coordination with existing mediumterm strategies like the FiveYear Development Plans.

Dr Shayo emphasised the Vision’s focus on industrialisation and economic diversification, noting that Tanzania’s growth depends on moving beyond a commodity-based economy.

He highlighted its emphasis on value addition in agriculture, mining and energy as well as the development of manufacturing hubs and stronger linkages across agribusiness, logistics and digital services.

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He also said the Vision embraces digital transformation through investments in broadband infrastructure, start-ups and digitised services.

Additionally, he pointed out infrastructure as a key enabler, with plans to address gaps in transport, energy, water and sanitation by mobilising public and private investment.

Dr Shayo added that Tanzania aims to strengthen regional economic integration through blocs like EAC, SADC and AfCFTA, which he said will enhance the business environment, attract foreign direct investment and transform the country into a trade and logistics hub.

“Tanzania’s future growth depends on shifting from a commodity-based economy to a more diverse and industrialised one,” said Dr Shayo.