(ZANZIBAR ) - While braving a global pandemic (COVID-19) in the middle of 2020, Zanzibar launched its vision 2050 – a document laying out the semi-autonomous archipelago’s ambitious goal of attaining high middle income status by the year 2050.
The island plans to achieve this through building a diverse and resilient economy in three 10-year periods. The blue economy agenda is set to carry a majority of the transformations needed in the economy in order to achieve diversification in Zanzibar’s economy. Oil and gas, a sector still in exploration stages, is an area of focus alongside the blue economy.
It is no surprise that Zanzibar is embarking on a journey to diversify its economy. Tourism contributes significantly to Zanzibar’s economy and this left the economy significantly exposed to the effects of the COVID-19 pandemic, further motivating economic diversification. Travel restrictions across the globe resulted in more than a 50% drop in the number of tourists visiting Za