According to the World Investment Report 2013 by the United Nations Conference on Trade and Development (UNCTAD) which examines trends in Foreign Direct Investment (FDI) flows, Tanzania registered significant increase in FDIs in 2012.
While presenting the report in Dar es Salaam the Executive Director of the Tanzania Investment Centre, Mrs Juliet Kairuki indicated that although “global performance has not yet recovered fully to its pre-crisis behaviour, in 2012 for the first time ever the developing economies absorbed more FDI than the developed ones”.
According to the report the flow to Tanzania increased by 38.77% between 2011 and 2012 from USD 1229.4 million to USD 1,706.0 million.
This growth was driven by primary sectors particularly oil and gas exploration, with FDI contributing more than 38% to Tanzania’s GDP.
FDI inflows trend in Africa and East African countries shows a steady increase as it is for Tanzania.
Between the year 2011 and 2012 FDI flows to Tanzania have increased by USD 476.6 million making its share in the African region to increase from 2.6% of 2011/12 to 3.4% 2012/13, while maintaining its share in the East Africa at 27%.