Africa50 tables strong readiness to invest in Tanzania’s strategic development projects

WASHINGTON: A leading infrastructure investment institution, Africa50, has expressed strong readiness to invest in Tanzania’s strategic development projects, signalling growing international confidence in the country’s long-term economic vision.

The institution said it is prepared to support major infrastructure developments, including ports, transport systems, and energy distribution networks for gas and electricity, all aimed at accelerating Tanzania’s economic transformation under the National Development Vision 2050.

This commitment was revealed by Africa50 Chief Executive Officer Alain Ebobisse during discussions with a Tanzanian delegation led by Minister for Finance, Ambassador Khamis Mussa Omar at the Embassy of Tanzania in Washington D.C in a meeting that took place on the sidelines of the World Bank and International Monetary Fund (IMF) Spring Meetings.

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Ebobisse noted that Africa50 brings extensive experience in financing infrastructure projects across Africa and believes Tanzania holds strong potential to attract large-scale international capital.

He cited ongoing pilot investments, including a 20–30m US dollar project in Dar es Salaam focused on gas distribution, adding that the institution is now looking to expand its footprint into broader gas infrastructure and electricity distribution in partnership with the Tanzania Electric Supply Company (TANESCO).

According to him, Africa’s development challenge is not a lack of resources, but limited access to long-term infrastructure financing — a gap the institution aims to help bridge in Tanzania.

“Tanzania has abundant resources that can drive economic growth, but the key challenge is access to investment for infrastructure development,” he said, emphasizing Africa50’s commitment to supporting solutions.

Ebobisse further announced plans to host the Africa50 Annual General Shareholders Meeting and the Infra for Africa Forum in Tanzania this year, describing it as a strategic opportunity for the country to showcase investment potential and engage global investors in public-private partnership opportunities.