Zanzibar President and Chairman of the Revolutionary Council, Dr Hussein Ali Mwinyi, has held talks with investors from Brazil as part of efforts to position the islands as a competitive destination for foreign direct investment.
The meeting, held today at State House in Zanzibar, brought together representatives and owners of three Brazilian companies that have expressed interest in investing in key productive sectors of the islands’ economy.
The companies include Amazon Real Hubs, which specialises in the processing and export of cashew nuts and fruit products; West Avest Company, focused on poultry farming and egg production; and Trade Hubs Pharmaceutical, which provides medical services and engages in pharmaceutical manufacturing.
The discussions centred on available investment opportunities, Zanzibar’s business environment and the potential role of foreign investors in supporting value addition, food security and healthcare services.
President Mwinyi underscored the government’s commitment to attracting strategic investors who can contribute to economic diversification, job creation and technology transfer, particularly in agriculture, agro-processing and health-related industries.
The investors’ delegation was led by Brazil’s Ambassador to Tanzania, Mr Gustavo Martins Noguera, and was accompanied by Tanzania’s Ambassador to Brazil, Dr John Stephen Simbachawene, highlighting the growing economic engagement between the two countries.
The meeting reflects Zanzibar’s broader push to deepen international investment partnerships as part of its long-term development agenda, with authorities increasingly prioritising projects that enhance local production, reduce imports and expand export capacity.
As competition for foreign investment intensifies across the region, Zanzibar’s leadership continues to leverage diplomatic and economic ties to attract capital aligned with the islands’ development priorities.