On 20th January 2020, the UK hosted the UK-Africa Investment Summit in London, sponsored by Standard Bank, Africa’s largest banking group by assets.
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.”
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…
The East Africa Trade and Investment Hub (the Hub), a project of the United States Agency for International Development (USAID), is coming to a close…
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…
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…
The government of Tanzania recently presented in Parliament a proposal to amend the Public-Private Partnership (PPP) Act and withdraw from international arbitrations.
The latest Fraser Institute Annual Survey of Mining Companies indicates that Tanzania dropped in the overall Investment Attractiveness Index ranking.
Tanzania climbed two places in the 2018 “Where to Invest in Africa” report of RMB bank, to position itself as Number 7.