# Ep 6: Einars Garoza: Investing in East Africa Before the Crowd Arrives

Page: https://stenobird.com/podcast/borders-conversations-on-global-south-capital-and-geopolitics-7872364/ep-6-einars-garoza-investing-in-east-africa-before-the-crowd-arrives
Text version: https://stenobird.com/podcast/borders-conversations-on-global-south-capital-and-geopolitics-7872364/ep-6-einars-garoza-investing-in-east-africa-before-the-crowd-arrives.md
Podcast: [Borders: Conversations on Global South Capital and Geopolitics](https://stenobird.com/podcast/borders-conversations-on-global-south-capital-and-geopolitics-7872364)
Published: 2026-06-12T09:00:00+00:00
Episode link: https://ad96190b-f614-4ba6-ac31-26ffbdc6d90b.libsyn.com/einars-garoza-investing-in-east-africa-before-the-crowd-arrives
Audio file: https://traffic.libsyn.com/secure/ad96190b-f614-4ba6-ac31-26ffbdc6d90b/Borders_Podcast_-_Einars_Garoza_-_Revised.mp3?dest-id=5317560
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JSON: https://stenobird.com/v1/public/podcasts/borders-conversations-on-global-south-capital-and-geopolitics-7872364/episodes/ep-6-einars-garoza-investing-in-east-africa-before-the-crowd-arrives
Duration seconds: 2994

## Resource

Andrew Henderson sits down with entrepreneur and Conserved Safaris founder Einars Garoza to explore why East Africa is emerging as one of the world's most compelling frontier investment stories. Having relocated from Europe to Uganda before expanding into Tanzania, Einars explains why tourism, hospitality, and real estate are attracting increasing attention from global investors seeking opportunities beyond traditional markets. Using Tanzania's safari industry as a case study, Einars explains how rising tourism, demographic growth, and constrained supply are creating attractive economics for hospitality investment. They discuss the realities of acquiring land, building luxury safari camps inside national parks, navigating local business culture, and why relationships often matter more than contracts. Along the way, they examine carbon credits, infrastructure, geopolitics, Chinese, Gulf, Russian, and Western investment across East Africa, and why Tanzania remains one of the continent's most overlooked growth markets. The conversation also explores safari real estate as an emerging asset class, the economics of luxury hospitality, demographic expansion, entrepreneurship, and why frontier markets increasingly reward operators willing to build on the ground rather than invest from afar. In this episode, Andrew and Einars discuss: Why Tanzania has become one of East Africa's fastest-growing investment destinations. How safari tourism is evolving into an institutional-quality hospitality asset class. The economics behind luxury safari camps, occupancy rates, and high operating margins. Why constrained land supply inside national parks creates long-term pricing power. How carbon credits first brought Einars to East Africa before expanding into hospitality. The role of Chinese…

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