DAR ES SALAAM, June 10 (NNN-DAILYNEWS) — TANZANIA is poised for another record-breaking year in investment, with 372 projects registered in the first five months of 2025, up from 335 projects in the same period last year.
This 11 per cent growth in project numbers has been accompanied by a significant rise in investment value, reaching 3.8 billion US dollars (about 10tri/-), up from 2.8 billion US dollars (about 7.36tri/-) in the corresponding period of 2024, reflecting a 31 per cent increase.
These figures build on the impressive performance recorded in 2024, when Tanzania registered 901 investment projects worth 9.3 billion US dollars (about 24.45tri/-), the highest number ever since the country began formally tracking investments in 1991.
The Tanzania Investment Centre (TIC) had set a target of 1,000 projects worth 10 billion US dollars (about 26tri/-) in 2024. For 2025, the target is even more ambitious—1,500 projects valued at 15 billion US dollars (about 39.45tri/-).
Speaking to journalists in Dar es Salaam, TIC Executive Director Gilead Teri attributed the sector’s impressive performance to the visionary leadership of President Samia Suluhu Hassan, whose economic diplomacy and investor-friendly policies have inspired both local and foreign investment.
“We are aggressively pursuing the target of 1,500 projects this year,” he said.
Teri noted that the Investment Act of 2022 has been a key catalyst in attracting capital, particularly by reducing the minimum capital requirement for local investors from 100,000 US dollars (about 263m/-) to 50,000 US dollars (about 131m/-). For foreign investors, the threshold remains at 500,000 US dollars (about 1.3bn/-).
“Today, it is ten times easier for a local investor to start a business in Tanzania,” he said. He further pointed to the success of TIC’s One Stop Facilitation Centre, powered by the Tanzania Electronic Investment Window (TeIW), which consolidates 16 key government agencies, including the Tanzania Revenue Authority (TRA) and Business Registration and Licensing Agency (BRELA), to streamline the issuance of permits and licences.
TIC also provides ongoing aftercare services, having visited 737 projects already under implementation to assess progress and address challenges.
Overall, projects registered in the first five months of 2025 are expected to generate over 41,000 jobs across various sectors.
Investment by ownership shows a positive trend in local participation. Teri said that 113 projects (30 per cent) were initiated by Tanzanian investors, while 73 projects (20 per cent) were joint ventures, totalling 186 projects (50 per cent) with local involvement. The remaining 50 per cent were Foreign Direct Investments (FDIs), primarily from China, India and the United Arab Emirates.
“The growing number of local investors is a clear sign that Tanzanians are increasingly taking ownership of their economy,” Teri added.
In terms of sectors, manufacturing led the way with 156 projects worth 1.4 billion US dollars (about 4tri/-), followed by transport with 56 projects worth 337 million US dollars (about 886bn/-), agriculture with 40 projects worth 849 million US dollars (about 2.2tri/-).
Others are tourism with 39 projects worth 107 million US dollars (about 281bn/-) and commercial construction with 36 projects worth 160 million US dollars (about 421bn/-). — NNN-DAILYNEWS
