TZ courts global investors with 8tri/- project

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TISEZA Director General Gilead Teri speaks at the launch of five Special Economic Zones in Dar es Salaam, attended by hundreds of private sector representatives.

ARUSHA: TANZANIA has identified more than 60 investment projects worth over 2.85 billion US dollars (about 8tri/-) for presentation to potential investors at the upcoming International Investment Conference in Arusha, scheduled for Monday to Tuesday.

The projects span key economic sectors, including tourism, fisheries, the blue economy, and infrastructure. They are investmentready, commercially viable, development-oriented, and aligned with national development priorities.

The Director General of the Tanzania Investment and Special Economic Zones Authority (TISEZA), Mr Gilead Teri, said yesterday that the projects have undergone thorough preparations and feasibility studies, stressing that the conference is a business-oriented platform rather than a negotiation forum.

He said Tanzania has prepared bankable projects to unlock investment opportunities, supported by an improved investment climate under the sixth phase government.

“I encourage investors to participate in this conference so they can take advantage of funding opportunities for various projects that have already undergone feasibility studies,” he said.

Mr Teri noted that the conference will be officially opened on 1 June by the Minister of State in the President’s Office (Planning and Investment), Professor Kitila Mkumbo. He added that the event is jointly organised by the Economic and Social Research Foundation (ESRF) and the United Nations Development It will bring together more than 20 financial institutions to assess and explore investment opportunities aimed at attracting international capital.

UNDP Senior Resident Representative, Mr John Rutere, said the 60 projects have been prioritised for implementation across various sectors, with the aim of ensuring that investment benefits reach ordinary citizens and contribute to national development.

He commended Tanzania for proactively identifying investment opportunities rather than relying on foreign aid, saying the approach strengthens the investment environment and builds stronger partnerships between investors, policymakers, financial institutions, project developers and development partners.

“UNDP commends Tanzania for this initiative. Even when investors provide funding, we will ensure that ordinary Tanzanians benefit. This conference will lay a strong foundation for future development and help the country move towards greater self-reliance through strategic investments,” he said.

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For his part, the Executive Director of the Economic and Social Research Foundation (ESRF), Professor Fortunata Makene, said the partnership is instrumental in promoting practical investment solutions, effective collaboration and sustainable development opportunities.

CRDB Bank Head of Government Relations and Large Corporate Clients, Mr Gabriel Killian, said Tanzanian financial institutions continue to support private sector growth, facilitate investment, and promote economic development.

The conference will provide a platform for participants to explore investment opportunities in strategic sectors, including tourism infrastructure, tourism attraction development, renewable energy, green economy projects, water infrastructure, agriculture, and major infrastructure development.

The event will bring together senior government officials, investment promotion agencies, ambassadors and diplomatic representatives, development finance institutions, pension funds, commercial banks, institutional investors, private sector leaders, business people, project developers, and development partners from within and outside Tanzania.