Zanzibar is a semi-autonomous part of Tanzania, in East Africa. It is composed of the Zanzibar Archipelago in the Indian Ocean, 25–50 kilometres (16–31 mi) off the coast of the mainland, and consists of numerous small islands and two large ones: Unguja (the main island, referred to informally as Zanzibar), and Pemba. The capital of Zanzibar, located on the island of Unguja, is Zanzibar City. Its historic centre, known as Stone Town, is a World Heritage Site and is claimed to be the only functioning ancient town in East Africa. Zanzibar’s main industries are spices, raffia, and tourism. In particular, the islands produce cloves, nutmeg, cinnamon, and black pepper. For this reason, the islands, together with Tanzania’s Mafia Island, are sometimes called the Spice Islands (a term also associated with the Maluku Islands in Indonesia). Zanzibar is the home of the endemic Zanzibar Red Colobus Monkey, the Zanzibar Servaline Genet, and the (possibly extinct) Zanzibar Leopard.
Tourism is a major foreign currency earner. The Government of Zanzibar legalized foreign exchange bureaux on the islands before mainland Tanzania moved to do so. The effect was to increase the availability of consumer commodities. The government has also established a free port area, which provides the following benefits: contribution to economic diversification by providing a window for free trade as well as stimulating the establishment of support services; administration of a regime that imports, exports, and warehouses general merchandise; adequate storage facilities and other infrastructure to cater for effective operation of trade; and creation of an efficient management system for effective re-exportation of goods.
The island’s manufacturing sector is limited mainly to import substitution industries, such as cigarettes, shoes, and processed agricultural products. In 1992, the government designated two export-producing zones and encouraged the development of offshore financial services. Zanzibar still imports much of its staple requirements, petroleum products, and manufactured articles.
There is also a possibility of oil availability in Zanzibar on the island of Pemba, and efforts have been made by the Tanzanian Government and Zanzibar revolutionary Government to exploit what could be one of the most significant discoveries in recent memory. Oil would help boost the economy of Zanzibar, but there have been disagreements about dividends between the Tanzanian mainland and Zanzibar, the latter claiming the oil should be excluded in Union matters.
[caption id="attachment_161937" align="aligncenter" width="418"] Jakob Fugger (1459–1525) by Albrecht Dürer[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]The Fugger family is a German family that was a historically prominent group of European bankers, members of the fifteenth and sixteenth-century mercantile patriciate of Augsburg, international mercantile bankers, and venture capitalists. Alongside the Welser family, the family controlled much of the European economy in the sixteenth century and accumulated enormous wealth. This banking family ...
[caption id="attachment_218323" align="aligncenter" width="478"] Johann Wolfgang von Goethe by Joseph Karl Stieler in 1828[/caption][responsivevoice_button voice="UK English Female" buttontext="Listen to this Post"]Johann Wolfgang von Goethe was a German poet, playwright, novelist, scientist, statesman, theatre director, critic, and amateur artist. His works include: four novels; epic and lyric poetry; prose and verse dramas; memoirs; an autobiography; literary and aesthetic criticism; and treatises on botany, anatomy, and colour. He is considered to be the greatest German literary figure of t...
