President Hussein Ali Mwinyi has said the government will continue creating a conducive business environment to attract private investment in housing and other projects capable of creating jobs and expanding economic opportunities for citizens.
Dr Mwinyi made the remarks on Thursday, August 13, 2026, when he launched and inspected the Amani Residency housing project in Kizimkazi, South Unguja, during activities marking the Kizimkazi Festival 2026.
The President said private sector investment was critical to addressing demand for quality housing while stimulating businesses and employment, particularly in areas with growing tourism and economic activity.
He commended Bopar Enterprises Ltd and Mohammedi Builders Ltd for investing in the project, saying developments of this nature could help transform Kizimkazi and the wider South Unguja area by creating new economic opportunities for local communities.
“Government will continue creating a favourable environment for the private sector and financial institutions to participate in housing development,” Dr Mwinyi said.
He said the government would also continue investing in basic infrastructure, including roads, water, electricity and communication networks, which he described as essential for supporting private investment and improving the quality of life for residents.
The Amani Residency project, built on 11 acres, comprises 82 housing units—18 villas and 64 apartments—alongside commercial, recreational and leisure facilities.
The development is expected to increase the availability of modern accommodation while supporting businesses associated with tourism and other economic activities in Kizimkazi.
Speaking at the event, project owner Said Bopar said the development had benefited from financing provided by CRDB Bank, which covered about 70 percent of the project cost.
He said access to affordable and reliable financing remained important for enabling the private sector to undertake large-scale investments and expand their contribution to the economy.
The project highlights the growing role of private capital in Zanzibar’s housing and tourism sectors, with investments expected to generate employment, create opportunities for local businesses and contribute to government revenue.
For communities in Kizimkazi, such investments could also increase demand for local goods and services, providing opportunities for small businesses and residents to benefit from the area’s expanding economic activity.
