Zanzibar the sheltered harbor located on the site of present-day Zanzibar City. The clove, originating from the Moluccan Islands (today in Indonesia), was introduced in Zanzibar by the Omani sultans in the first half of the 19th century. Zanzibar, mainly Pemba Island, was once the world's leading clove producer, but annual clove sales have plummeted by 80 percent since the 1970s. Zanzibar's clove industry has been crippled by a fast-moving global market, international competition, and a hangover from Tanzania's failed experiment with socialism in the 1960s and 1970s, when the government controlled clove prices and exports. Zanzibar now ranks a distant
History of Zanzibar The film "Africa Addio" documents the violence and massacre of unarmed ethnic Arab civilians. The revolutionary government nationalized the local operations of the two foreign banks in Zanzibar, Standard Bank and National and Grindlays Bank. These nationalized operations may have provided the foundation for the newly created Peoples Bank of Zanzibar. Jetha Lila, the one locally owned bank in Zanzibar, closed. It was owned by Indians and although the revolutionary government of Zanzibar urged it to continue functioning, the loss of its customer base as Indians left the island made it impossible to continue. One of the main impacts of