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Home / Business and Economy / Zanzibar's Cyber City: Tech Hub or Digital Frontier?

Zanzibar's Cyber City: Tech Hub or Digital Frontier?

12 Jan

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Summary

  • Zanzibar plans a special economic zone for tech workers and businesses.
  • The project aims to attract remote workers with favorable tax rates.
  • Dunia Cyber City is inspired by the 'network state' concept.
Zanzibar's Cyber City: Tech Hub or Digital Frontier?

Zanzibar is developing Dunia Cyber City, a significant special economic zone on Fumba Peninsula, with the goal of becoming a leading tech hub for East Africa. This ambitious project, a collaboration between OurWorld and the Zanzibari government, aims to attract global tech talent and businesses. The initiative is inspired by the 'network state' concept, focusing on digital sovereignty and open-source technologies.

The city plans to offer attractive incentives, including favorable tax rates for remote workers and businesses, and a digital residency program. This strategy is designed to create an environment conducive to technological experimentation and innovation, drawing parallels to successful hubs like Singapore. The project's foundation lies in creating a digitally-enabled community, with aspirations to foster a unique ecosystem.

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As of early July, the designated land for Dunia Cyber City was undeveloped, but construction is slated to begin soon. The project has secured necessary governmental approvals, with a 30-year land lease granted. Partners are currently fundraising for the city's development, signaling a significant push towards establishing this futuristic tech enclave.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
OurWorld is a technology venture creator firm co-leading the development and operation of Zanzibar's Dunia Cyber City special economic zone.
The 'network state' concept, originating from Balaji Srinivasan, envisions ideologically aligned online communities creating alternative societies, often utilizing cryptocurrency.
Zanzibar offers favorable tax rates, digital residency, and aims to create a business-friendly environment to attract remote workers and companies.

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