Zanzibar Beckons Canadian Investment in Tourism

Zanzibar is actively courting Canadian investment to bolster its booming tourism sector. President Hussein Ali Mwinyi recently met with Canadian Minister of International Development Randeep Sarai to highlight the archipelago's vast potential and attractive investment climate. This high-level meeting underscores Zanzibar’s commitment to attracting foreign capital to fuel economic growth.

President Mwinyi emphasized the importance of Canadian investment in key sectors like tourism, which plays a crucial role in Zanzibar’s economy. He showcased the island's numerous investment opportunities, underpinned by favorable policies and incentives designed to attract foreign businesses. This direct appeal to Canadian investors signals a strong push to diversify and expand the island's tourism offerings.

Zanzibar’s tourism sector is experiencing remarkable growth, with arrivals exceeding 736,000 in 2024 and projected to reach nearly 830,000 in 2025. This upward trajectory presents a compelling case for investment, offering potential for high returns in a thriving market. The island's stunning beaches, rich cultural heritage, and diverse marine life position it as a prime destination for international travelers.

The Zanzibar Investment Act of 2024 provides a robust legal framework for foreign investment, offering attractive incentives such as tax holidays, streamlined regulatory processes, and 100% foreign ownership in most sectors. These investor-friendly policies aim to create a conducive environment for businesses to thrive and contribute to Zanzibar’s economic development.

President Mwinyi also expressed gratitude for Canada’s ongoing support in the education and health sectors, highlighting the positive impact of these development programs. Minister Sarai reaffirmed Canada’s commitment to continued cooperation with Zanzibar, further strengthening the bilateral relationship between the two nations.

With upcoming general elections scheduled for October 2025, President Mwinyi assured Minister Sarai of Zanzibar’s commitment to a peaceful and transparent electoral process. He emphasized the strength of the coalition government and its role in maintaining stability, fostering investor confidence in the island's political landscape.

Zanzibar’s proactive approach to attracting Canadian investment, coupled with its robust tourism growth and supportive policy environment, presents a compelling opportunity for African travel agents. By partnering with Canadian investors, agents can tap into new markets, expand their product offerings, and contribute to the sustainable development of Zanzibar’s vibrant tourism industry.