The Latest

Investments to Tanzania Up by +81% in October-December 2023

February 9, 2024
2 minute read
Tanzania FDI Top Five Sources Q4 2023

The Tanzania Investment Centre (TIC) has released its Quarterly Investment Bulletin for the period October to December 2023 which indicates that a total of 161 projects worth USD 1,396.73 million were registered by the agency.

These projects are expected to generate 18,390 new jobs.

In comparison, in the previous quarter (July-September 2023), TIC registered 137 projects worth USD 2,069.49 million, and in the same period in 2022, it registered 58 projects worth USD 769.65 million.

Tanzania Investment Guide 2026 Free Edition

During Q4 of 2023, the manufacturing sector recorded a significant performance of 59 registered projects, 7,850 jobs to be created, and an estimated capital of USD 690.89 million, followed by the transportation, and tourism sectors.

Foreign Direct Investments (FDIs) accounted for 50.34% of total approved investments or USD 703.00 million. The top five sources of FDI were China, Mauritius, Kenya, India, and Italy.

In comparison, Domestic Investments (DIs) accounted for 49.65 % of total approved investments or US$ 693.25 million. The DI experienced a substantial increase of around 201% from Q3 of 2022.

The ownership of projects registered in Q4 has increased for both foreign, joint venture (JV), and local. Foreign ownership of the projects registered has increased to 69 projects, compared to 23 projects recorded in the same period in 2022.

In terms of JV ownership, it has increased to 32 projects in Q4 from 19 projects in the same period last year. Meanwhile, local ownership of the projects has increased to 60 from the 16 projects.

TanzaniaInvest Capital Markets Report Banner

In Q4 the projects were primarily concentrated in Dar es Salaam, which attracted 67 projects, followed by Pwani (26 projects) and Arusha (15 projects).

All the projects registered are expected to invest a total of USD 1,396.73 million, and jobs to be created are 18,390 when all the projects are operating in full swing.

For additional details, access the TIC document here.

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.

Download Free OverviewGet the Full Edition for Free
Tweet
Share
Share
Share
Related Posts
Interview Jana Bricco IMF Resident Representative Tanzania no logo
Read More

Interview with Jana Bricco, New IMF Resident Representative in Tanzania, on Economic Growth, Private Investment, and Needed Reforms

In this exclusive interview with TanzaniaInvest, the new IMF Resident Representative Jana Bricco says Tanzania can sustain growth of around 6% by preserving macroeconomic stability and accelerating reforms supporting private investment, productivity and jobs. She calls for fewer regulatory obstacles, more predictable taxation, faster VAT refunds and better access to finance for businesses and SMEs, and explains how IMF support will evolve following the end of its financing programmes, with the relationship now focused on policy dialogue and capacity development.
Tanzania Qatar Tax Treaty Signature
Read More

Tanzania and Qatar Sign Tax Treaty to Boost Investment

Tanzania and Qatar signed a Double Taxation Agreement (DTA) on 29 September 2026, eliminating double taxation on cross-border income between the two countries. Both countries are now moving toward rapid implementation, aiming to deepen economic cooperation and attract new investment across infrastructure, energy, tourism and financial services.
Samia Suluhu Hassan Tanzania Cabinet reshuffle September 2026
Read More

Tanzania Names New Works, Energy and Legal Affairs Ministers

President Samia Suluhu Hassan reshuffled Tanzania's Cabinet on 27 September 2026, naming new ministers for Works, Energy, and Constitution and Legal Affairs. Four other senior appointments were also announced, including a new Chief Medical Officer and Deputy Permanent Secretary for Finance.

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.

Download Free Overview Get the Full Edition for Free