The Establishment of the Zanzibar Investment Promotion Authority (ZIPA)
In 1998, the Zanzibar Investment Promotion Authority (ZIPA) was established to promote and facilitate investment in Zanzibar. This marked a significant step in Zanzibar development, as it aimed to attract both local and foreign investors to stimulate economic growth and create job opportunities. ZIPA has since played a vital role in enhancing the investment climate in Zanzibar.