Tanzania is expected to continue attracting private equity investments thanks to industry growth and increased competition for deals.
This was indicated in the recently published 2016 Africa Private Equity Confidence Survey, by Deloitte.
According to the survey, asset backed, consumer and service related sectors continue to drive the increase in private equity activity across East African countries, including Tanzania.
These sectors include financial services, manufacturing, Fast Moving Consumer Goods, healthcare and retail.
Additionally, there is a more positive sentiment towards Tanzania, which is the result of a peaceful electioneering period and a newly elected government.
“Post-election Tanzania was the real surprise in 2015. It’s early days for the new administration but, moves to fight corruption and government lethargy are very promising indeed,” the survey indicates.
Accordingly, Tanzania’s economic climate is expected to stabilize and its investment popularity could grow further.