Tanzania has assured British investors that it is politically stable, economically resilient, and ready for business, with a continuous drive to improve investment conditions.
Speaking at a Tanzania-UK Investment Forum organized by law firm Clyde & Co, Minister of State in the President’s Office – Planning and Investment, Prof. Kitila Mkumbo (MP), said Tanzania is on track to achieving its National Vision 2050, backed by steady economic growth, political stability, and ongoing reforms to enhance the business environment.
“The Tanzanian economy has bounced back strongly after COVID-19, with growth rising from 4.7 percent in 2022 to 5.9 percent in 2025, and is projected to reach 6.3 percent in 2026. Inflation has remained below five percent for more than a decade, ensuring predictable economic stability,” Prof. Mkumbo said.
The Minister highlighted government reforms aimed at strengthening security, improving transparency, and streamlining tax and regulatory systems to make investment easier.
He noted that the Tanzania Investment Centre and Special Economic Zones Authority (TISEZA) has been merged into a single, more efficient entity to offer better services to investors.
Tanzania, he said, offers vast investment opportunities, including over 44 million hectares of fertile land, rich mineral and energy resources, and a strategic location connecting East, Central, and Southern Africa through ports, roads, railways, and air transport. The country also holds 22 strategic minerals essential for the global energy transition.
Prof. Mkumbo pointed out that Tanzania and the UK have over 60 years of economic cooperation, with bilateral trade reaching £650 million, while UK investments worth £4.89 billion have generated more than 131,000 jobs in Tanzania.
Clyde & Co Chairman Michael Clayton praised Tanzania’s reform agenda, noting that forums like this are critical for building investor confidence, reducing uncertainty, and promoting long-term partnerships.
In closing, Prof. Mkumbo invited UK investors to partner with Tanzania in realizing Vision 2050, saying:"We are open for business. We are implementing reforms. We are growing. And we are ready to collaborate."