By Our Correspondent
Business leaders and government officials have called for accelerated implementation of investment reforms, improved business conditions and faster delivery of strategic infrastructure projects as Tanzania intensifies efforts to achieve the targets set under Vision 2050.
The call was made during the Monthly Engagement dialogue organised by the CEO Roundtable of Tanzania (CEOrt) in Dar es Salaam, which brought together government officials, business executives and development stakeholders to discuss issues shaping Tanzania’s economic future and ways to unlock investment opportunities in the country.
The dialogue, supported by Heritage Insurance Company, was held at the Hyatt Regency in Dar es Salaam, under the theme ‘From Policy to Implementation: Unlocking Tanzania’s Investment Opportunity.’
Speaking during the dialogue, Director General of the Tanzania Investment and Special Economic Zones Authority (TISEZA), Mr. Gilead Teri, said Tanzania has made significant progress in positioning itself as a competitive regional investment destination through ongoing infrastructure development, regulatory reforms and investment in human capital.
He identified sectors such as energy, science and technology, integrated logistics, digital transformation, research and development as among key drivers in achieving the Vision 2050 agenda, stressing the need for continued collaboration between the government and the private sector.
Mr. Teri also noted that, according to the Blueprint Report by the Bank of Tanzania (BoT), mining and quarrying were among the leading sectors in 2024, while several other sectors also recorded strong performance in supporting economic growth.
“There is a conscious commitment at the moment toward achieving the goals under Vision 2050,” he said.
He cited projects such as railway modernisation, port expansion and continued improvements in the logistics sector as indicators of the country’s ongoing investment drive.
“If you talk to stakeholders in transport and logistics, the increase in cargo volumes coming through is a testament that Tanzania is investing in speed and efficiency,” Mr. Teri said.
He added that continued public investment in infrastructure would be critical in supporting trade and ensuring goods move efficiently within the country and across borders.
Mr Teri also credited President Samia Suluhu Hassan for promoting closer collaboration between government and the private sector through policy and legal reforms aimed at improving the investment climate.
According to him, reforms introduced in recent years, including changes to investment legislation and the establishment of new investment institutions are helping create a more business-friendly environment.
“We have made significant strides over the years, even if sometimes the progress is not immediately visible,” he said.
CEOrt Chairman, Mr. David Tarimo said the private sector remains ready to support the country’s long-term economic transformation agenda but stressed the need for policy consistency and effective implementation mechanisms.
“The success of Vision 2050 will depend not only on ambitious policies but also on how effectively we create an enabling environment for businesses to invest, innovate and expand,” Mr. Tarimo said.
He noted that regular dialogue between the public and private sectors is important in identifying practical solutions and strengthening cooperation toward shared development goals.
The discussions come shortly after the presentation of the national budget by Minister for Planning and Investment Kitila Mkumbo, who reaffirmed the importance of public-private partnerships in driving industrialisation, export growth and long-term economic transformation under Tanzania’s Vision 2050 agenda.
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