TISEZA creates million jobs from 3,538 projects worth 68.6bn US dollars in five years
DAR ES SALAAM: TANZANIA has registered 3,538 investment projects worth 68.6bn US dollars, equivalent to approximately 150tri/-, between 2021 and 2026, with the projects expected to generate more than one million jobs.
Speaking during a meeting with media editors to discuss the performance of the Tanzania Investment and Special Economic Zones Authority (TISEZA) over the past six years, the authority’s Director General, Gilead Teri, said the industrial sector accounted for the largest number of registered projects at 1,061, followed by transport with 525 projects.
Other sectors contributing to the total included tourism with 335 projects, agriculture with 308 and commercial buildings with 301 projects.
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On ownership, Teri said 1,619 projects are owned by foreign investors, 1,158 by Tanzanians, while 361 are jointly owned by local and foreign investors.
He said China leads in terms of investment capital, with projects worth 14.1bn US dollars, followed by the United Arab Emirates (UAE) with 5.039 bn US dollars, Mauritius with 2.1bn US dollars, the United Kingdom with 1.6bn US dollars and India with 1.5bn US dollars.
Outlining the authority’s plans for 2027, Teri said TISEZA aims to help small-scale producers access international markets, develop special economic zones and strengthen business registration systems as well as those governing free economic zones.
