Tanzania Saw Strong Growth in FDI Projects in 2017
Global services from EY has recently published the 8th edition of its annual Africa Attractiveness report, a key source of insight on foreign direct investment…
FDI
Tanzania Foreign Direct Investment (FDI) net inflows rose by 13% from USD1.8b in 2010 to USD2.04b in 2014.
Investments in Tanzania increased largely thanks to natural gas discoveries across the country.
In 2015, FDI net inflows in Tanzania decreased by 34% to USD1.5b from USD2.04b in 2014.
According to the 2016 World Investment Report of the United Nations Conference on Trade and Development (UNCTAD), low commodity prices depressed FDI inflows in natural resource based economies across Sub Saharan Africa.
However, over the past 2 years Tanzania remained the first recipient of FDI in East Africa.
The top 5 providers of FDI into Tanzania are South Africa, UK, Kenya, Canada, and China.
On 23rd March 2015, the Tanzania Investment Centre (TIC) and the Investment Climate Facility for Africa (ICF) signed an agreement worth USD950,000 on a project that aims to increase investments in the country.
This will be achieved by expanding, consolidating and promoting the Tanzania Investment Window (TIW).
The TIW allows investors to register companies and to obtain investment certificates, work permits and tax exemptions on-line.
TIC is the primary agency of the Government to coordinate, encourage, promote and facilitate investment in Tanzania.
The agency is now looking to promote further investment in key economic sectors.
Clifford Tandari, Chief Executive of TIC explained to TanzaniaInvest: “We are currently focused on promoting investments in manufacturing, agriculture—where the majority of Tanzanians are involved – real estate, construction, infrastructure, tourism, and hospitality.”
Tanzania Intend to Withdraw from International Arbitrations
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Tanzania Mining Investment Attractiveness Deteriorate
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Tanzania 7th Best Country to Invest in Africa
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Tanzania Investment Forum: November 16th 2016, Dar es Salaam
The Tanzania Investment Forum 2016, focused on economic growth and investment opportunities in Tanzania, will be held at the Julius Nyerere International Convention Centre (JNICC)…
Tanzania Receive TZS97b Grant from China
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Tanzania 10th FDI Destination in Africa by Project Numbers
In 2015, Tanzania increased its FDI project numbers by 25% to 20, ranking 10th place in Africa.