Tanzania registers over 2,000 investment projects worth Sh67 trillion in four years
Government Chief Spokesperson and Permanent Secretary in the Ministry of Information, Culture, Arts, and Sports, Gerson Msigwa, addresses journalists during a press briefing in the Coast Region on March 16, 2025. PHOTO | COURTESY
What you need to know:
- According to Mr Msigwa, manufacturing accounts for the largest share of registered investments, with 951 projects worth Sh27 trillion recorded between March 2021 and February 2025.
Dar es Salaam. The Tanzania Investment Centre (TIC) has recorded 2,099 investment projects valued at Sh67 trillion over the past four years under the leadership of President Samia Suluhu Hassan.
This progress was highlighted by the Government Chief Spokesperson and Permanent Secretary in the Ministry of Information, Culture, Arts, and Sports, Gerson Msigwa, during a press briefing in the Coast Region.
Mr Msigwa revealed that 1,982 of these projects have already commenced operations, contributing significantly to Tanzania’s industrial growth.
He noted that from March 2021 to February 2025, investment levels reached new heights, with the manufacturing sector taking the lead.
“The data clearly shows a consistent rise in industrial establishments each year. This positive trend affirms that Tanzania’s industrialisation agenda under President Samia’s leadership is on the right track,” he stated.
According to Mr Msigwa, manufacturing accounts for the largest share of registered investments, with 951 projects worth Sh27 trillion recorded between March 2021 and February 2025.
This sector alone is projected to generate 124,339 job opportunities, while the total number of jobs from all projects is expected to reach 539,488.
Breaking down investment categories, he noted that there were 476 joint ventures, 117 expansion projects, 719 domestic investments, and 904 Foreign Direct Investment (FDI) projects among those that have commenced operations.
In terms of regional distribution, Dar es Salaam leads in attracting capital, followed by the Coast Region.
Mr Msigwa made these remarks while addressing journalists during a media tour of the Kwala Dry Port and the Sino-Tan Industrial Park in Kibaha District.
Meanwhile, TIC Executive Director Gilead Teri recently emphasised that the steady investment growth reflects the government's strong commitment to fostering a favourable business environment for both local and foreign investors.
"Through President Samia's economic diplomacy and global promotion of Tanzania, investment has been prioritised as a key driver of economic expansion and poverty reduction," Mr Teri explained.
He further highlighted that Tanzania has become an attractive destination for investors worldwide, aided by the enactment of the Investment Act of 2022.
The new law provides incentives to investors, including tax relief on capital goods such as machinery and plants and a 75 percent import duty reduction on deemed capital goods.
Additionally, non-fiscal incentives, such as capital protection under TIC, have been introduced.
A key reform under the new law was the reduction of the capital threshold for domestic investors, which was lowered from $100,000 (Sh267 million) to $50,000 (Sh133 million), making it more accessible for local entrepreneurs to invest.
The rise in investments has also been driven by coordinated efforts between TIC, Tanzania’s embassies worldwide, and other government agencies working to enhance the country's investment appeal.
