This archive report was first published on 25 August 2021.
Published on August 25, 2021, Zanzibar's semi-autonomous Island has announced a call for private investors to manage and operate its nine small islands in Pemba and Unguja.
As part of its mandate to boost the economy, Zanzibar aims to promote the development of its small islands into high-end economic activities.
According to the Zanzibar government, the decision to invite private investors is based on the need for diversification to attract very high-end investors. The government views the small islands surrounding Zanzibar as major assets that investors can capitalize for a win-win potential.
The Zanzibar Investment Promotion Authority (ZIPA) invites potential investors to express their interests to develop, operate, and manage small islands or plots of land in small islands under long-term lease.
Interested investors have until September 16 to provide information on their experience and ability to develop and manage investment projects, as well as their skills and ability in conserving the environment, biodiversity, cultural heritage, and community development of the isles.
The small islands on the market include Changuu (also known as Prison Island), Bawe, Pamunda A and B, Kwale, and Chumbe, all in Unguja, as well as Njao, Misali, and Matumbini along the Pemba coast.
Over the past 10 months, Zanzibar has approved 30 investment projects that have the potential to inject more than $172.13 million in the economy and create 1,886 jobs for the islanders.
