Russia and Tanzania established diplomatic relations in 1961 and since then the countries have cooperated mainly in politics.
Nonetheless, their focus shifted and now the objective of Tanzania is to work on economic issues with Russia and to welcome Russian investors.
Russian investors are already active in Tanzania. According to the Tanzania Investment Centre (TIC), Russia has invested significantly in the country, with 48 projects worth USD45.23m since 1990, employing 3,342 people.
Uranium One Inc., one of the world’s largest uranium producers, which is owned by ROSATOM State Atomic Energy Corporation, operates the Mkuju River Project, a uranium development project located in southern Tanzania. Current activity at the Mkuju River Project is focused on licensing and permitting.