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Browsing: Invest in Tanzania
Tanzania Investment Centre (TIC) targets to register 1,000 investment projects in 2024 The government of Tanzania is also revising the…
In their letter dated June 26th, 2024, High Commissioners and Ambassadors from 10 countries expressed their dissatisfaction with how the…
Contrary to her predecessor, President Samia’s pro-business approach has yielded impactful results, paving the way to a prosperous investment journey for Tanzania. President Samia’s administration spent the first year and ten months dealing with various drawbacks that hurt the nation’s ability to market its investment potential to the world.
The government of Tanzania has done away with an unfriendly taxation system, complexity in issuing work permits to foreigners, and trade setbacks. Consequently, Tanzania’s pro-investment approach caught international economic analysts’ attention, including global credit rating, research and data, and Moody’s.
In the year before Samia’s administration, Tanzania’s FDI closed 2020 at $3.16 billion though the Covid-19 pandemic might have impacted…
The European Union Investment Bank (EIB) have agreed with commercial banks to unlock a whole new business financing valued at…
The Tanzania Investment Centre (TIC) said that the country garnered a 22.2 percent rise in registered projects over the past…
Politics in Tanzania are now taking a different shape compared to the past five years. Opposition parties in Tanzania, such…
The tripling of investment in 2022 is a statement to the world that the East African nation is open for…
Energy producers argue that Tanzania’s LNG international markets could be worth around 44.3 billion (based on 2021 markets), thus proving how the sector benefits all parties involved in the investment.
The EACOP pipeline is another success story that Tanzania wears as a badge of honour. It managed to win Uganda over and sweep off Kenya from the deal, as Tanzania’s land laws and policies favoured the project timeline. According to information from the EACOP official website, the oil project will transform oil and gas investment in both countries while increasing their FDI by over 60 per cent during the construction phase alone.
Mining is another extractive sub-sector that yields profits for both Tanzania and investors. After facing a series of international legal complications, Tanzania’s new mining landscape is open for business.
Big global miner such as Barrick Gold has solidified investment in Tanzania mines which produce valuable diamond and gold minerals. According to the Bank of Tanzania, gold generated $2.7 billion in exports in 2021.
China is one of Tanzania’s biggest trade partner Tanzania’s industrial economy has been growing over the past decade Tanzania has…