Tanzania is set to launch a new regional investment facilitation desk in Songwe today as part of a national push to strengthen domestic investment and reduce reliance on foreign capital, officials said.
The Investment Desk, to be inaugurated by Tanzania Investment and Special Economic Zones Authority (TISEZA), is expected to streamline services for local investors and support the government’s broader strategy of mobilising private capital for long-term development.
Songwe Regional Commissioner Jabir Makame said the border region holds strategic importance as a gateway to southern Africa, with significant investment potential in agriculture, mining and cross-border trade.
“Songwe is positioned to play a central role in Tanzania’s investment drive,” Makame said. “The success of Development Vision 2050 will largely depend on how quickly we accelerate private sector investment beginning in 2026.”
The launch comes as Tanzanian authorities seek to shift investment momentum toward domestic players, countering the perception that large-scale investment is driven primarily by foreign firms.
TISEZA said the national campaign focuses on raising awareness among local entrepreneurs about fiscal and non-fiscal incentives, including capital relief measures aimed at lowering entry barriers for medium- and large-scale investors.
“Our objective is to enable Tanzanians to invest at home by improving access to incentives and institutional support,” said Daudi Riganda, Investment Promotion Manager at TISEZA.
Songwe is among several regions targeted under the outreach programme, which aims to decentralise investment services and bring facilitation closer to potential investors outside major commercial centres.