Tanzania is one of the most peaceful and politically stable countries in Africa. Since its independence in 1961, the ountry has never experienced a civil war or any major internal strife. Tanzanians continue to live in peace and with a sense of a common national identity. Since the resignation of Julius Nyerere, the country’s first president, all succeeding presidents have been elected into office in fair and free elections. Presidential terms are limited to two fiveyear terms. This political stability provides protection to investors.