Tanzania rides wave of growing investment interest

DODOMA: TANZANIA is experiencing a significant surge in investor confidence, fuelled by a stable macroeconomic environment and the strategic rollout of the National Development Vision (NDV) 2050.

President Samia Suluhu Hassan told members of diplomatic community in Dodoma yesterday that robust recovery and the reforms and strategic initiatives to improve the investment climate had made Tanzania a premier destination for Foreign Direct Investment (FDI) in Africa.

“Tanzania remains one of Africa’s fastest-growing economies, with GDP growth of 5.9 per cent and inflation maintained at a stable 3.3 per cent,” President Samia said at the annual Diplomatic Sherry Party at Chamwino State House.

“Our national debt stays sustainable, with the debt-toGDP ratio at 48.2 per cent, below the threshold for lowincome countries.”

Tanzania’s appeal as an investment hub is backed by global data. According to UNCTAD’s World Investment Report 2024, FDI inflows to the United Republic of Tanzania increased by 5.9 per cent to 1.34 billion US dollars up from 1.26 billion US dollars the previous year.

She added that Tanzania continues to enjoy favourable sovereign credit ratings of B1 from Moody’s and B+ from Fitch, signalling investor confidence, lower borrowing costs and economic resilience.

“We remain committed to governance reforms, reducing foreign currency shortages, and improving the tax-to-GDP ratio,” she said.

President Samia said the strong economic outlook translated into a record number of new investment projects registered in 2025, demonstrating robust participation from foreign and domestic investors.

“Expansion projects accounted for a notable share, showing sustained confidence in Tanzania’s growth trajectory. These projects are expected to generate tens of thousands of new jobs for Tanzanians,” she said.

Local investors also showed significant engagement, with 288 projects expected to be implemented by domestic entrepreneurs.

“To our investors, we pledge that both existing and new investments will be protected and secured,” she added.

Tanzania’s industrialisation drive gained momentum across key sectors, including agriculture, mining, tourism, and transport.

“Agricultural productivity continued to rise, with the food self-sufficiency ratio reaching 128 per cent in 2024/2025,” she said.

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“Mineral production surged by 48.27 per cent, driven largely by gold, coal, and industrial minerals, strengthening our national economic security.”

Tourism receipts climbed to 4 billion US dollars by the third quarter of 2025, up from 1.3 billion US dollars in 2021, while Tanzania was named the World’s Leading Safari Destination 2025 at the World Travel Awards.

“Air Tanzania expanded its route network to support tourism, trade, and intra-African connectivity,” she said.

President Samia outlined Tanzania Development Vision 2050, which aims for double-digit economic growth through productivity gains, industrial value addition, and new economic frontiers including the blue economy, green economy, logistics, and digital transformation.

“Strategic investments in infrastructure, energy, and critical minerals, including the 42 billion US dollars liquefied natural gas project, underpin this vision,” she said.

She invited governments, private sector actors, and development partners to engage with Tanzania.

“We are moving from exporting raw potential to exporting value, and our doors remain open to partnerships that support shared prosperity and long-term growth,” President Samia said.