Tanzania has stepped up efforts to attract international investment, with the government highlighting opportunities in infrastructure, energy, manufacturing, agriculture, mining and financial services as key drivers of future economic growth.
Minister for Finance, Ambassador Khamis Mussa Omar (MP), made the appeal during the Tanzania Strategic Investment and Partnership Forum in London, where he engaged executives from global financial institutions, insurance companies and investment firms.
The forum, organised by the Ministry of Finance in partnership with Standard Bank UK, focused on strengthening Tanzania’s economic ties with international investors and promoting private sector participation in the country’s development agenda.
Ambassador Omar said Tanzania was positioning itself as a competitive investment destination by improving the business environment, introducing reforms and providing incentives aimed at attracting foreign capital.
He said the investments would support the implementation of Tanzania’s Development Vision 2050, which targets a US$1 trillion economy by 2050, with the private sector expected to contribute about 70 percent of the projected growth.
“Investment from the private sector will be critical in transforming Tanzania’s economy, creating jobs and expanding opportunities for citizens,” he said.
Presenting Tanzania’s economic performance, the minister said the economy grew by 5.9 percent in 2025, compared with 5.5 percent in 2024, while inflation remained below five percent, maintaining Tanzania among countries with stable price levels in Africa.
He added that the government had reduced the budget deficit to 3.1 percent of Gross Domestic Product (GDP), while domestic revenue now finances 74.2 percent of the national budget.
According to the minister, Tanzania’s public debt remains manageable, with assessments by the International Monetary Fund (IMF) indicating that the country continues to maintain debt sustainability.
During the forum, investors sought updates on Tanzania’s proposed US$42 billion Liquefied Natural Gas (LNG) project, one of the country’s largest planned energy investments.
Ambassador Omar said discussions on the project had made significant progress, with remaining issues being handled among commercial partners before the government proceeds with the next stages.
Investors also expressed interest in Tanzania’s transport infrastructure, particularly the Standard Gauge Railway (SGR), ports of Dar es Salaam, Tanga and Mtwara, as well as regional trade corridors.
The government said completion of nearly 2,000 kilometres of the SGR network by 2030/31 would strengthen Tanzania’s role as a regional transport and trade hub, benefiting businesses and citizens through improved connectivity and reduced transport costs.
Other areas discussed included foreign exchange availability, energy security, digital transformation, agriculture and industrialisation initiatives, including the “Cotton-to-Cloth” programme aimed at increasing value addition in the textile sector.
Standard Bank Europe Deputy Chief Executive Officer and Standard Bank Tanzania Chief Executive Officer, Ian Carson, said the bank remained committed to linking African markets with global finance.
He described Tanzania as one of Africa’s attractive destinations for long-term investment, citing opportunities created by economic reforms and expanding markets.
Meanwhile, Tanzania’s High Commissioner to the United Kingdom, Ambassador Mbelwa Kairuki, said the government would continue engaging international investors to build partnerships that support inclusive economic growth.
“Tanzania is implementing economic reforms focused on strong macroeconomic management, structural transformation and greater private sector participation,” Ambassador Kairuki said.
The London meeting is part of Tanzania’s economic diplomacy drive aimed at attracting investment, expanding international partnerships and supporting the country’s ambition of becoming a middle-income and industrialised economy.
The delegation was led by Ambassador Omar and included Government Debt Management Commissioner Japhet Justine, with support from the Tanzania High Commission in the United Kingdom.
