FDI inflows to Tanzania reached USD 1.1 billion in 2019 compared to USD 1.06 billion in 2018 (+5%) and USD 1.56 billion in 2015 (-40%).
FDIs to Tanzania were drawn mostly to the mining sector, the oil and gas industry, and the primary agricultural products sector (coffee, cashew nuts and tobacco).
The primary investors to Tanzania are China, India, Kenya, United Kingdom, Mauritius, Oman, the United Arab Emirates, Canada, the United States, the Netherlands, South Africa, and Germany.
Investors are drawn to Tanzania’s commitment to implement sound macroeconomic policies, its efficient privatization program and abundant natural resources. However, low levels of industrial development, environmental concerns, lack of transparency and poor compliance with legislation are barriers to investment.
The World Bank (WB) emphasizes that implementing a government policy for improved business environment and subsequently, increased FDI inflows is crucial to sustaining the country’s economic growth.
In the WB’s latest Doing Business 2019 report, Tanzania ranked 144 in ease of doing business out of 190 countries
In 2017/18, the country has implemented a positive change in making it easier to start a business by launching online company registrations and thus reducing time and costs for entrepreneurs.
To further promote investment, in June 2018 Tanzania lowered the income tax rate for new investors in the pharmaceutical industry from 30% to 20%.
The Bank’s support will finance the second phase of the Good Governance and Private Sector Development Program (GGPSDP) that will help close the 2019/20 financing gap and make key government agencies more effective.
The newly appointed Minister of State in the President’s Office for Investments Prof. Kitila Mkumbo has recently highlighted the Government’s guiding philosophy to promote and…
In its speech during the official opening of the 12th Parliament of Tanzania on 13th November 2020, President-elect John Magufuli announced that in the next…
Village Capital, a US-based venture capital firm, recently released a report dubbed “Mapping Agriculture Investing in Africa” indicating that Tanzania is among the top three…
The African Development Bank (AfDB) has approved a USD 55 million facility to strengthen the implementation of reforms to enhance Tanzania’s economic competitiveness and private…
A report published by the National Bureau of Statistics of Tanzania (NBS) indicates that in 2018 the Tanzania Investment Center (TIC) registered a total of…
Rand Merchant Bank (RMB) of South Africa recently released its 2019 edition of the “Where to Invest in Africa” report, which provides data and analysis…
UNCTAD, the main body of the United Nations (UN) dealing with trade, investment, and development issues had recently released its Statistical Tables On The Least…
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
Automated page speed optimizations for fast site performance