The Effects of Maritime Transport Investment to the Socio-Economic growth in Tanzania: A case of the Lake Victoria Zone.

Mipawa, Patrick Machia (2021) The Effects of Maritime Transport Investment to the Socio-Economic growth in Tanzania: A case of the Lake Victoria Zone. Masters thesis, The Open University of Tanzania.

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Abstract

The purpose of this study was to examine the effects of maritime transport investment on the socio-economic growth in Tanzania particularly in the Lake Victoria zone. The study adopted a cross-sectional design to collect data from a sample size of 140 respondents. Questionnaire was employed as a data collection instrument. Findings of the study revealed that, investment strategies imposed to stimulate maritime transportation in the Lake Victoria include; development of a skills roadmap focused on delivering long-term skills, advancement of marine technology and innovation techniques, identification of risks and opportunities from existing and emerging regulations, government support on maritime export trade, and use of offshore renewable energy resources and sharing of information on prospects. Findings suggest that, maritime transport investment is constrained by port inefficiency, insufficient cargo volume, inadequacy in human resource, and poor support for an integrated port information management system. The study findings also indicate that, there is a significant positive relationship between maritime transport investment’s measures of success and socio-economic growth. Measures of success including achievement of annual goals, return on investment, and technological infrastructure accounts for 16% of the improvement of socio-economic growth. The study recommends that, Tanzania Port Authority (TPA) in collaboration with Local Government Authority should focus more in investment of human capital and technological infrastructure since they add vital value in international competitiveness, which in return strengthen socio-economic growth. Keywords: Maritime, Transport, Investment, Socio- Economic.

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