Zanzibar Launches Ambitious Sh1.115 Trillion Islamic Bond Investment Program
Zanzibar is set to transform its economic landscape through a groundbreaking Sukuk investment initiative targeting twelve high-priority infrastructure projects across multiple critical sectors. The comprehensive investment program will channel Sh1.115 trillion into strategic development initiatives spanning blue economy, transportation, health, water, and energy sectors.
The Sukuk investment, officially launched on February 22, 2025, will remain open for subscription until April 6, 2025, offering investors an ethical and transparent investment model aligned with Islamic financial principles.
Key Infrastructure Projects Include:
Sectoral Breakdown:
– Blue Economy and Fisheries: Three major projects
– Works, Communications, and Transport: Seven strategic developments
– Health, Water, and Energy: One project each
Significant Investment Highlights:
– Fish market constructions in Kama, Fungu Refu, and Mkoani
– Binguni Hospital development
– Road infrastructure improvements totaling Sh498.4 billion
– Mangapwani port development valued at Sh399.8 billion
– Zanzibar Airport Terminal 2 construction at Sh62.4 billion
Investment Accessibility:
– Minimum investment threshold: Sh1 million
– Options for group investments
– Attractive to both local and international investors
– No interest or tax complications
Government officials emphasized the Sukuk’s potential to drive economic growth, attract foreign investment, and create sustainable infrastructure development across Zanzibar.
The initiative represents a significant step towards transparent, ethical financial investment and comprehensive regional development.
