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Tanzania is the home of the world-famous Kilimanjaro the highest mountain in Africa. She has dozens of beautiful beaches such as those found in Zanzibar and breathtaking national parks like the world-famous Serengeti and the Ngorongoro Conservation Area, which generate tourism income that plays a vital part in the economy. Growth from 1991 to 1999 featured industrial production and a substantial increase in output of minerals, led by gold. Commercial production of natural gas from the Songo Songo island in the Indian Ocean off the Rufiji Delta commenced in 2004, with natural gas being pumped in a pipeline to Dar es Salaam, the bulk of it converted to electricity by public utility and private operators. A new gas field is being brought on stream in Mnazi Bay.
Industry is mainly limited to processing agricultural products and light consumer goods. Tanzania has vast amounts of minerals including gold, diamonds, coal, iron, uranium, nickel, chrome, tin, platinum, coltan, niobium, and other minerals. It is the third-largest producer of gold in Africa after South Africa and Ghana. Tanzania is also known for Tanzanite, a type of precious gemstone that is found only in Tanzania.
The Government of Tanzania under the leadership of HE President Jakaya Mrisho Kikwete (popularly referred to as JK) is committed to the pursuit of sound, consistent and predictable macro-economic policies with low inflation. President Kikwete’s campaign slogan was “New Vigour, New Zeal, and New Speed: Promoting Better Life for all Tanzaniansâ€.