Tanzania: The beer gamble that threatens Zanzibar’s economy

Published 2024년 2월 15일

Tridge summary

Zanzibar is experiencing a surge in the price of beer and other alcoholic beverages due to a limited supply, following the Zanzibar Liquor Control Board's refusal to renew alcohol import licenses. This situation could potentially impact the island's tourism industry, which contributes to 30% of its GDP. The Zanzibar Revenue Authority, which is closely monitoring the situation, is estimated to have already lost nearly $10 million in the past 45 days. The scarcity could also affect the quarterly tax returns of bar owners.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Partygoers will continue to dig deeper into their pockets as prices of beer and other alcoholic beverages continue to surge in Zanzibar amid limited supply. The situation could also derail Zanzibar’s ambition to attract more tourists, especially those who prefer to have booze to unwind. The shortages began after the Zanzibar Liquor Control Board refused to renew licences of alcohol importers. The Board didn’t give reasons for its prohibition. With Zanzibar having no local brewery, people scrambled for what was available from the Tanzania mainland leading to a hike in prices. Also Read: Big tourism boost as FlyDubai starts direct Mombasa flights At the Sauti za Busara fete last weekend, thousands of tourists showed up to take part in this annual occasion. But something was missing from their merry. Liqour. At the Ngome Kongwe, only Tanzania Breweries Limited products were available. Usually, imported brands such as Heineken, Windhoek and Savannah are common here. Now even local ...
Source: Nation

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