Tanzania has reaffirmed its commitment to deepening cooperation with Spain in key sectors aimed at accelerating economic growth and delivering tangible benefits to citizens.
The Minister for Finance, Khamis Mussa Omar, said the government is ready to work closely with Spain in promoting sustainable economic development, infrastructure expansion, climate action and human capital development.
He made the remarks in Dodoma during a meeting with Spain’s Ambassador to Tanzania, Paloma Serra Robles, who paid a courtesy visit to discuss areas of mutual cooperation.
Mr Omar said the government is focused on mobilising financial resources through partnerships to implement development projects with wide national impact, noting that such collaboration is key to improving public services and sustaining economic momentum.
He described Tanzania and Spain as long-standing partners, with Spanish firms already investing in sectors such as tourism and participating in development initiatives.
He said the next phase of cooperation will focus on expanding investments and strengthening business linkages between companies from both countries.
The minister invited more Spanish investors to explore opportunities in Tanzania, assuring them of continued improvements in the business environment, alongside competitive fiscal and investment incentives aligned with project size and impact.
He also acknowledged Spain’s financial support to development projects, including a $30 million concessional loan for the Msimbazi Basin Development Project in Dar es Salaam.
The project is expected to ease flooding, improve environmental management and enhance the city’s resilience to climate-related shocks.
On the economic front, Mr Omar said Tanzania’s economy remains on a steady growth path, with Gross Domestic Product expanding by 6.4 percent in the third quarter of 2025, up from 6.1 percent recorded during the same period in 2024.
Inflation, he said, has remained stable at an average of 3.5 percent as of December 2025, staying within the national target range of 3 to 5 percent and below regional thresholds set by the East African Community and the Southern African Development Community.
The stable macroeconomic environment continues to strengthen investor confidence and provides a predictable climate for development partners.
Mr Omar said the government, under President Samia Suluhu Hassan, will continue to prioritise strategic partnerships that support inclusive growth and national development.
For her part, Ambassador Paloma Serra Robles said Spain remains committed to supporting Tanzania through development cooperation in areas such as transport infrastructure and social services.
She said ongoing projects, including the Msimbazi initiative, are expected to deliver meaningful improvements to the lives of people in Dar es Salaam.
Senior officials from the Ministry of Finance and the Ministry of Foreign Affairs and East African Cooperation also attended the meeting.
