Several investors have expressed keen interest in investing in Tanzania’s energy sector, a move expected to boost the country’s economy and improve access to energy products for citizens.
Among the interested companies is Indian Oil Corporation Limited, a leading energy firm with extensive experience in petroleum and gas distribution.
The company discussed its plans during a meeting with a Tanzanian delegation led by Deputy Minister of Energy, Hon. Salome Makamba, on the sidelines of India Energy Week (IEW) 2026 in Goa, India.
Speaking at the meeting, Suman Kumar, Director of Planning and Business at Indian Oil Corporation, said Tanzania presents a “large and growing market for energy products.”
“Rising demand for petroleum, cooking gas, and other energy products, driven by economic growth, population increase, and urban expansion, creates opportunities for companies to invest in distribution, processing, and energy services,” Kumar said.
Ms. Salome Makamba welcomed the investors, emphasizing that the Tanzanian government is open to international partnerships.
“Tanzania invites investors to explore opportunities in the energy sector, including petroleum and cooking gas, in line with our push for clean energy solutions,” she said.
She urged investors to consider opening branches in Tanzania and joining in joint procurement of energy products to increase competition and ensure affordable supply for citizens.
“We encourage all investors to partner with local companies based on Tanzanian policies and their proposals,” Ms. Salome added.
India Energy Week 2026, which concludes on January 30, 2026, has brought together participants from more than 125 countries.
The event has created a platform for investors to explore opportunities, form partnerships, and expand into Tanzania’s growing energy market.
