TZ attracts record 29tri/- investments

DODOMA: TANZANIA has registered a record 915 investment projects worth 10.95 billion US dollars (about 29tri/-) in 2025, surpassing 901 projects valued at 9.3 billion US dollars (24tri/-) recorded in 2024.

Minister of State in the President’s Office (Planning and Investment), Prof Kitila Mkumbo (pictured), revealed the figures yesterday while presenting the 2025 State of the National Economy and the National Development Plan for 2026/27 in the National Assembly. He said the projects were registered by the Tanzania Investment and Special Economic Zones Authority (TISEZA) between January and December 2025, marking the highest level of investment attraction since independence.

“This represents a 17.74 per cent increase in project value. It is also the highest number of projects registered since the establishment of the Tanzania Investment Centre (TIC) in 1996 and subsequently TISEZA in 2025,” he explained.

The projects span key sectors including manufacturing, commercial buildings, transport, tourism and agriculture and are expected to create more than 162,000 jobs upon full implementation. Prof Mkumbo said Tanzanians, either as sole investors or through joint ventures, accounted for 51 per cent of all registered projects in 2025.

“This remarkable registration of investment projects highlights Tanzania’s stable and attractive investment climate in Africa,” he stated.

The minister noted that while the annual target was to attract projects worth 10 billion US dollars (about 26tri/-), TISEZA surpassed the goal by registering investments valued at about 29tri/- by December 29, 2025. He said the projects would not only create employment opportunities but also facilitate technology transfer and skills development, particularly in science and engineering fields.

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In that regard, he urged young Tanzanians to pursue science-related studies to take advantage of emerging opportunities generated by the growing investment sector. Prof Mkumbo attributed the achievement to President Samia Suluhu Hassan’s efforts to strengthen the business environment through a predictable legal framework, strong institutions and sustained political stability.

He noted that when President Samia assumed office in 2021, Tanzania registered only 252 projects worth 3.79 billion US dollars (about 10tri/-), underscoring the significant progress made over the past four years. The minister also commended TISEZA for streamlining investment facilitation through the One Stop Facilitation Centre (OSFC), which enables investors to obtain permits within 24 hours, compared to several weeks previously.

The OSFC brings together 14 public institutions, including the Tanzania Revenue Authority (TRA) and the Business Registrations and Licensing Agency (BRELA), under one roof to speed up investment processes. Prof Mkumbo further said the government aims to attract projects worth 15 billion US dollars (about 39tri/-) in 2026 and a cumulative 50 billion US dollars (about 131tri/-) by 2030.

He said Tanzania currently ranks ninth in Africa for investment attractiveness, up from 12th place in 2024, citing Business Insider Africa data.

“Tanzania continues to rank highly among countries with favourable investment and business environments in Africa,” he added. The government is targeting a position among Africa’s top three investment destinations by 2030.