Tanzania sees economic rewards of hosting international meetings

Dar es Salaam. Traffic congestion and temporary road closures are often cited as drawbacks during major conferences in Tanzania. 

However, experts and stakeholders argue that the economic benefits of these events far outweigh these challenges.

As the country continues to host international conferences, it has become evident that these gatherings play a crucial role in stimulating the national economy and creating opportunities for individuals.

The Tanzanian government has prioritized the expansion of tourism, including conference tourism, recognizing its potential for both short-term and long-term benefits.

Recent events, such as the African Energy Heads of State Summit—which brought together 20 African heads of state and over 2,000 international delegates—and the upcoming Coffee Conference scheduled for February 21-22, exemplify the increasing importance of such gatherings.

Economist Dr Donath Olomi discussed the significant business opportunities that conferences bring to the nation. 

Foreign delegates often spend substantial amounts on local services, including accommodation, food, and transportation, providing a direct injection of revenue into Tanzania’s economy.

Moreover, these events give international visitors a chance to discover the country’s potential for future tourism and investment.

Business analyst Oscar Mkude highlighted the direct benefits of conference tourism, noting that participants utilize various services, from hotels to local transportation, thereby stimulating multiple sectors of the economy.

He also pointed out the indirect effects of increased investment as visitors experience Tanzania’s business environment first-hand.

Kennedy Mollel, director of the Tanzania Association of Hotel Owners (HAT), underscored the critical role of conference tourism in supporting the local economy. 

He noted that conferences often lead to increased demand for hospitality services, generating income for local businesses and service providers.

Additionally, as international guests arrive by air, the airline industry also benefits, contributing to national revenue through tourism and taxation.

Looking ahead, Tanzania is set to host significant conferences, including the 3rd G-25 African Coffee Summit on February 21-22 at the JNCC in Dar es Salaam, which will bring together over 1,000 stakeholders from across the continent. 

Furthermore, from March 5-7, the East African Petroleum Conference and Exhibition (EAPCE25) is expected to attract more than 1,000 participants, including policymakers, government officials, and investors from the oil and gas sectors.

The EAPCE25, which will be officially launched by President Samia Suluhu Hassan, aims to provide a platform for discussions on sustainable development in East Africa’s petroleum and natural gas industries. 

Felchesmi Mramba, Secretary General of the Ministry of Energy, highlighted that the conference would present numerous investment opportunities in clean energy, oil, and gas, further solidifying Tanzania’s position as a regional business hub.

Dr James Mataragio, chairperson of the Regional Preparatory Committee for EAPCE25, emphasised the importance of field visits during the conference, allowing participants to explore business and collaboration prospects within East Africa’s energy sector.

While minor disruptions like traffic congestion are inherent during large-scale events, the long-term economic benefits of hosting international conferences are undeniable. 

These events contribute to job creation, business growth, and increased investment in Tanzania.