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New Executive Director Of Tanzania Investment Centre Appointed

May 17, 2017
1 minute read
Geoffrey Idelphonce Mwambe TIC Tanzania Investment Centre

Tanzania’s President Hon. Dr. John Magufuli has appointed Mr. Geoffrey Idelphonce Mwambe as Executive Director of the Tanzania Investment Centre (TIC), with immediate effect.

Before his appointment, Mr. Mwambe was District Commissioner for Manyoni District in Singida Region, from June 2016.

From May 2015 to June 2016, Mwambe was Director of Trade, Investment and Productive Sectors at the Ministry of Foreign Affairs and East African Cooperation.

Tanzania Investment Guide 2026 Free Edition

Meanwhile, TIC former Acting Executive Director Mr. Clifford Tandari was appointed Administrative Secretary for the Morogoro region, replacing Dr. John Ndunguru who has retired.

The Tanzania Investment Centre (TIC) was established in 1997 to be the Primary Agency of the Government to coordinate, encourage, promote and facilitate investment in Tanzania and to advise the Government on investment policy and related matters.

Tanzania Foreign Direct Investment (FDI) net inflows rose by 13% from USD1.8b in 2010 to USD2.04b in 2014. In 2015, FDI net inflows in Tanzania decreased by 34% to USD1.5b from USD2.04b in 2014.

TIC plans to attract USD5b Foreign Direct Investments (FDI) to the country by 2020 to boost its economic growth.

Want to know more about the Economy in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the Economy, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources, and is also available at no cost upon completion of a short form.

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Want to know more about investing in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers the economy, key sectors and investment opportunities. The complete 141-page edition, which includes policies, taxation, key regulations, full macroeconomic data and sources, is also available at no cost upon completion of a short form.

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