Tanzania is seeking to attract more Turkish investment into strategic sectors of its economy as the government steps up efforts to increase bilateral trade to $1 billion.
The push follows talks between the Minister of State in the President’s Office (Planning and Investment), Prof Kitila Mkumbo, and a delegation from Türkiye’s Independent Industrialists and Businessmen’s Association (MÜSİAD) in Dar es Salaam on October 16, 2026.
Prof Mkumbo urged Turkish businesses to take advantage of the existing relations between the two countries by investing in strategic projects that could expand economic activity and strengthen private-sector cooperation.
He said closer business ties could help accelerate economic growth, while assuring the investors that the government would continue providing the support needed to facilitate their investments.
The proposed $1 billion trade target highlights the ambition to deepen commercial relations between the two countries, although details on the current trade volume, the timeline for achieving the target and the sectors expected to drive the increase were not provided.
For Tanzania, attracting Turkish investors could create opportunities to expand productive capacity, strengthen local businesses and generate employment, depending on the nature and scale of investments secured.
The meeting also sought to strengthen the role of the private sector in driving economic cooperation, with both sides agreeing to begin implementing the understandings reached during the discussions.
Türkiye’s Ambassador to Tanzania, Dr Bekir Gezer, and senior government officials also attended the meeting.
The commitment to implement the agreed measures will be an important step towards translating diplomatic relations into commercial opportunities, as Tanzania seeks to attract investment and expand trade with international partners.