Tanzania aims to save over Sh2.8 trillion by boosting local production

The Minister of State in the President’s Office (Planning and Investment), Prof Kitila Mkumbo

Dar es Salaam. Tanzania expects to save more than Sh2.8 trillion annually by cutting reliance on imported goods, as the government steps up an ambitious industrialisation drive aligned with the first phase of Dira ya Maendeleo 2050, the country’s long-term national development vision set to begin next year.

The plan, unveiled by the Minister of State in the President’s Office (Planning and Investment), Prof Kitila Mkumbo, marks a major shift in Tanzania’s economic strategy. It is aimed at strengthening domestic manufacturing, reshaping investment incentives and tackling the country’s growing youth unemployment crisis.