Tanzania, as an emerging economy in East Africa, faces several challenges and opportunities. One of the major challenges is poverty, with a significant portion of the population living below the poverty line. This hampers economic growth and stability, as limited income constrains domestic consumption and investment. Additionally, Tanzania's infrastructure remains insufficient, hindering efficient transportation and trade activities. However, amidst these challenges lie opportunities for economic development. Tanzania possesses abundant natural resources such as minerals and fertile land for agriculture, providing avenues for increased exports and foreign exchange earnings. Furthermore, the government has implemented various economic reforms to attract foreign direct investment and encourage private sector participation. The recent discovery of vast natural gas reserves offers additional prospects for revenue generation and industry diversification. By addressing poverty alleviation through targeted social programs, investing in infrastructure development, pursuing resource-based industries sustainably, and attracting investments in sectors like tourism and manufacturing, Tanzania can harness its potential to strengthen its economy in a sustainable manner.