Tanzania invites domestic, global investments in its health sector buoyed by investment-friendly environment

NAIROBI: THE Deputy Minister for Finance, Laurent Luswetula, has invited domestic and international investors to invest in the country’s health sector, highlighting the Government’s stable and predictable policies as well as a safe and investment-friendly business environment.

Luswetula, speaking on behalf of the Minister for Finance, Ambassador Khamis Mussa Omar, issued the invitation while participating in the High-Level Dialogue of Finance Ministers on Strengthening Joint Investment in the Health Sector, held at the JW Marriott Hotel in Nairobi, Kenya.

He said Tanzania offers numerous investment opportunities in healthcare, while emphasising that investors are required to comply with the country’s laws and regulations to ensure that their investments generate benefits for both investors and Tanzanians.

“Tanzania has many investment opportunities in the health sector, supported by stable and predictable policies, a favourable investment environment and security. What is required is compliance with the country’s laws to ensure that investment benefits both investors and Tanzanians as a whole,” Luswetula said.

Commenting on the objectives of the forum, the Deputy Minister said discussions focused on strategies to increase domestic revenue to finance healthcare services, fulfil joint financing commitments, and establish supportive policies and conditions capable of stimulating investment in the sector.

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Luswetula said Tanzania has made significant progress in creating an enabling environment for access to and delivery of quality healthcare services, a development that has created greater opportunities for private-sector participation in the country’s health sector.

He added that the Government is continuing to implement the Universal Health Insurance programme while making significant investments in the sector to ensure that citizens have access to quality and timely healthcare services. He said a broader health insurance system is expected to improve access to healthcare and enable citizens to maintain better health, allowing them to participate more effectively in economic and development activities.

The Deputy Minister further said the forum discussed innovative financing mechanisms and blended-finance models aimed at mobilising additional resources needed to improve healthcare services. He stressed that stronger collaboration among the Government, private sector and development partners would be critical to increasing investment and building a resilient health system capable of meeting the needs of Tanzania’s population.