Tanzania make the list of Five African Countries for investors to watch in 2022​.

Five Countries have been have been categorized as countries to be watched by investors in 2022. They are: Tanzania, Egypt, Botswana, Morocco and Ghana, according to Investment Monitor.

Tanzania’s GDP has been increasing since 2016, reaching $62.4bn in 2020, growing at a rate of about 6% over the past five years. Inflation declined to 3.3% in 2020 following stabilisation in food prices. The 2020 African Economic Outlook report stated that Tanzania was among the world's ten fastest-growing economies that year. 

In 2020 the country reached lower-middle-income status. Tanzania’s Development Vision 2025 aims to propel the country further towards the middle-income bracket by 2025. The African Development Bank forecasts Tanzania’s GDP will grow by 4.9% in 2022 and 6.3% in 2023. The appointment of President Samia Suluhu Hassan in April 2021 also brought some optimism to Tanzania.

President Samia Suluhu Hassan travelled to Kenya for talks to improve trade relations between the countries following years of feuding. She has also promised to lower income tax and review existing tax structures and charges.

The outlook is positive for these African countries, all of which are on a growth trajectory. Although, Covid-19 and the Omicron variant will pose yet more challenges, each looks well positioned to emerge from the pandemic in a healthy state.

Source: https://www.investmentmonitor.ai/insights/five-countries-investors-watch-2022-african