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Manufacturing boom eases unemployment crisis

Published on August 09, 2017

Tanzania is making tremendous success in creating employment for its rapid growing working force thanks to the expanding manufacturing sector that has so far helped the nation to surpass job creation targets.

With contribution of the manufacturing sector to the overall GDP of the country averaging 8 per cent over the last decade, the sector is currently the third most important to the Tanzania economy behind agriculture and tourism. It is currently leading in job creation in the formal sector and it is set to increase its share of employment with the current industrialization drive.

According to the National Bureau of Statistics (NBS) ‘Formal Sector Employment and Earnings Survey (EES), the sector has the highest proportion of the total employees in the formal sector which increased from 1,858,969 in 2013 to 2,141,351 in 2014. Read more. Source | Daily News