Zanzibar expands bid to attract foreign investors

Zanzibar's government has opened up ten of its smaller islands for "holistic development projects" in a further bid to attract foreign investors. Its decision to extend investment opportunities to ten smaller islands falling outside Zanzibar's main islands of Unguja and Pemba, was based on its "vision for diversification of high-end investments", the Zanzibar Investment Promotion Authority (ZIPA) said in a statement on 8 September. The Strategic Investment Project (SIS) status, which offers stakeholders a host of residential and investment benefits, came into effect into effect in Jul...