Invest in Mwanza - here are the opportunities Overview 1. GDP: $4.7 billion 2. Population: 3.7m 3. Annual GDP growth: 5.4% Opportunities 1. Agriculture - 53.24% of Lake victoria in Mza (potential for irrigation), - Large food consumer market - 140,000Ha are ideal for horticulture - Huge export market to Rwanda, Burundi, DRC - Maize production: >200k MT, yield, >1 ton/ha - Paddy production: close to 200k MT, yield: >2tons/ha - Cassava: >60k MT, yield, >4 tons/ha 2. Real estate & construction - Huge local market for housing needs - Build Mza as a hub for Great Lakes region - Affordable housing, high-end residential, modern office blocks - Mza is the 8th fastest growing city in Africa. - Cement factory (locally available gypsum). 3. Mining - Gold, diamond, Gypsum - Mining activities, polishing, trading, exploration services, refinery, etc - Misungwi has an area of 2,553km.sq with mine deposits, with alloy containing 84% -92% of Gold 4. Fishing -Contibutes 7% of mza economy - fish farming, processing, exports, boat construction - 53.24% of lake victoria is in mza, accounting for 60% for fish prodn. 5. Logistics - Waterways cargo transportation to Uganda and Kenya - Mza as a distribution logistics hub for East and central Africa - The soon-to-be opened magufuli bridge will open up more trade and transportation opportunities - Maximizing the use of mwanza cargo terminal as a cold storage hub - Mza has the strategic location to reach all EAC countries easily. 6. Financial services - A growing economy needs vibrant financial sector - 10% of LGA funding that can be well-structured to form Mwanza Innovation Fund to support youth innovative businesses in Mza. 7. Tourism - Mza will be one of AFCON Hosts (hotels, restaurants, Airbnb, car hire, etc) - Mza to serengeti national park is about 2.30 hour-drive - Mza has a strong potential for cultural tourism - Lake view resorts 8. Livestock - 1.3m catttle, 500k goats - 287k ha available for pasture - Need for modern abattoir, fattening, moden markets, beef processing, dairy cattle, animal feeds 9. Industrialization - Huge potential due to high availability of diverse raw materials - Food processing, fish processing, leather processing, gold refinery, building materials, etc