Tanzania is seeking to attract more international capital into energy, infrastructure and manufacturing as it looks to finance its economic transformation and realise the ambitions of its $1 trillion economy target by 2050.
The pitch was made by Tanzania’s Ambassador to France, Saidi Othman Yakubu, on September 9, 2026, during a meeting of the Friends of Africa Group at the Organisation for Economic Co-operation and Development (OECD) in Paris.
The meeting brought together stakeholders to discuss how African countries can improve access to finance and attract investment needed to support economic transformation.
Ambassador Yakubu said Tanzania’s economy was growing at an average rate of about six percent, supported by economic and investment policies and major development projects.
He said projects worth more than $100 billion had been implemented between 2021 and 2025, describing the figure as an indication of the investment potential available in the country.
But beyond the scale of existing projects, Tanzania is looking to mobilise more private and international financing to support the next phase of development.
The country has started implementing its National Development Vision 2050, which seeks to build a competitive and innovative economy, strengthen industrial production and promote sustainable use of natural resources.
The vision targets an economy worth $1 trillion, a goal that will require significant investment in infrastructure, energy, manufacturing and other productive sectors.
Ambassador Yakubu also backed the OECD’s Africa Virtual Investment Platform (AVIP), saying the initiative could improve access to information on African investment opportunities and connect projects with potential financiers.
Tanzania is among the initial 16 African countries participating in the platform.
He called for stronger cooperation between governments, private investors and capital markets to channel more private money into development projects.
The ambassador also urged the OECD and its African partners to strengthen public-private partnerships and investment information systems so that opportunities in Tanzania and across Africa can reach a wider pool of investors.
For Tanzania, greater private-sector participation could help bring additional financing into projects while supporting industrialisation, infrastructure development and job creation.
The government has increasingly promoted public-private partnerships and other financing models as it seeks to fund major development projects while maintaining fiscal space for other public priorities.