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Investments in Tanzania Reached USD 327 Million in May 2023

June 14, 2023
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TIC Tanzania Investment Projects May 2023

The Tanzania Investment Centre (TIC), has just released its Monthly Investment Factsheet-May 2023 which indicates that a total of 52 investment projects worth USD 327.63 million were approved and registered in May 2023.

These projects are expected to generate 6,279 new jobs.

Of the 52 investment projects, 21 were in manufacturing, 17 in transport, 10 in tourism, 3 in agriculture, 2 in commercial building, 2 in services, 1 in energy, and 1 in health and education.

Tanzania Investment Guide 2026 Free Edition

Foreign Direct Investments (FDIs) held 40% of the investment projects, local investments held 35%, and the rest was in the hand of joint-venture.

The top three leading sources of FDI in May 2023 were China, Mauritius, and India.

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.

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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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