The Tanzania Investment Centre (TIC), The Bank of Tanzania (BOT) and the National Bureau of Statistics (NBS) launched the Tanzania Investment Report 2012: Foreign Private Investment and Investor Perception, in Dar es Salaam on 1 December, 2013.
The event saw the presence of Ms. Julet Kairuki, Executive Director of TIC, Dr. Albina Chuwa, Director General of NBS, Dr. Natu Mwamba, Deputy Governor of BOT, and Hon. Mary Nagu, Minister of State in the Prime Minister’s Office for Investment and Empowerment. Each of these institutions contributed to the preparation of the report.
According to the report, Tanzania has made considerable efforts over the past three decades to improve the investment climate with the goal of attracting more Foreign Private Investment (FPI).
The stock of FPI rose steadily at an annual average rate of 10.3 percent, to USD 10,393 million in 2011 from USD 7,751 million in 2008.
Likewise Foreign Direct Investment (FDI) continued to dominate FPI, accounting for 89.3 percent of total stock in 2011, followed by other investments that accounted for 10.6 percent of the total.
The source countries South Africa, the United Kingdom and Canada accounted for an average of more than 70% of the total FDI inflows to Tanzania between 2008 and 2011.
The electricity and gas sector, which received less than USD 3.0 million in 2008 and 2009, experienced a sharp increase to USD 290.5 million in 2010 and USD 209.4 million in 2011.