The Latest

Turkish Business Delegation Visited Tanzania To Boost Trade And Investments

March 21, 2015
1 minute read

A business delegation coordinated by Turkey’s Foreign Economic Relations Board (Deik) has visited Tanzania to boost investments and trade between the two countries.

The delegation follows the Memorandum of Understanding (MoU) signed with the Tanzania Private Sector Foundation (TPSF) in 2014.

The MoU enabled the establishment of Turkish-Tanzania Business Council that connects businesses from the two nations.

 

TPSF Executive Director, Mr. Godfrey Simbeye indicated that Tanzania would like to cooperate with Turkish in different sectors such as agriculture, mining, tourism, infrastructure and energy as they advance in technology so their investment in these sectors will support to improve economic growth.

The Chairman of Turkish-Tanzania Business Council Mr. Atakan Giray said the aim is to increase Turkey investment to Tanzania and to enable benefit too both sides.

According to the Council’s Commercial Counselor at Turkey’s Embassy, Yilmaz Akcinar, more than 40 Turkish companies are doing business in Tanzania and that makes the trade volume between the two countries stood at approximately USD 184 million in 2014.

Tweet
Share
Share
Share
Related Posts
East Africa Nordic Investment Summit Tanzania
Read More

Dar Es Salaam Hosted East Africa Nordic Investment Summit To Advance Digital Transformation And SEZ Investments

Dar es Salaam hosted the East Africa Nordic Investment Summit on 25–26 February 2026, bringing together government leaders, Nordic partners, investors and entrepreneurs to align digital systems, capital structuring and policy frameworks. The summit focused on digital transformation, Special Economic Zones incentives and the launch of the Tanzania Youth Agri-Export Hub targeting exports to the UK market.
Tanzania Quarterly GDP Growth 2021-2025
Read More

Tanzania Economic Performance in 2025 Records 6.4% GDP Growth in Q3, 3.6% Inflation, 23.5% Credit Growth, 37.4% Gold Export Rise, and 2.29 Million Tourists

Tanzania’s economic performance in 2025 recorded real GDP growth of 6.4% in Q3, stable inflation at 3.6%, and strong private sector credit expansion of 23.5%, while lending rates moderated to 15.24%. Exports of goods and services rose by 10.2%, led by gold exports increasing 37.4% to about USD 4.7 billion, while international tourist arrivals reached 2.29 million.
AFRICA EAST TANZANIA REAL GDP GROWTH RATE 2025-2026-2027 UNCTAD
Read More

UNCTAD Forecasts 5.8% GDP Growth for Tanzania in 2026 as Inflation Declines to 2.8% Despite Global Slowdown

UNCTAD’s World Economic Situation and Prospects 2026 projects GDP growth at 5.8% in 2026 and 5.3% in 2027, supported by robust domestic demand, improved macroeconomic stability, IMF-backed reforms, strong agricultural output, and favourable gold prices, while inflation is projected to decline to 2.8%. This contrasts with a global growth outlook of 2.7% in 2026 amid trade tensions, fiscal pressures, and subdued investment.