Investments in Arusha Double in 2024 Led by Tourism

The number of investment projects registered in the Arusha region in Tanzania has doubled from 31 in 2023 to 64 in 2024, led by the tourism sector.

The announcement was made on 3rd May 2025 by the Tanzania Investment Center’s Executive Director, Gilead Teri, during the Arusha Economic Forum, which brought together government officials, investors, and regional stakeholders to discuss strategies for economic growth and investment promotion.

Teri noted that the tourism sector led this growth, with registered projects rising from 16 in 2023 to 34 in 2024.

Teri attributed the growth to relocating TIC’s zonal offices to the region, which enabled the Centre to bring services closer to investors, improving efficiency and accessibility in the investment registration process.

He emphasized that this increase is a positive sign of a strengthening investment climate in Arusha, a region recognized as Tanzania’s tourism hub.

On his part, Tanzania’s Minister of State in the President’s Office for Planning and Investment, Professor Kitila Mkumbo, said that infrastructure development remains a key driver of economic growth and investment attraction under the Sixth Phase Government.

He pointed out that the government has prioritized investments in electricity, railways, roads, and airports, which have opened up the country to both domestic and foreign investors.

“The investment success we are witnessing today is not by chance. It is a result of deliberate efforts in infrastructure development,” added Mkumbo.

The Minister also acknowledged challenges faced by investors, particularly those arising from overlapping regulatory authorities, and assured stakeholders that the government is working to streamline processes and improve the investment environment.

Arusha Tourism Investments

Arusha region, located in northern Tanzania, is a strategic tourism investment destination due to its proximity to major attractions, including Mount Kilimanjaro, Serengeti National Park, and the Ngorongoro Crater.

The region has historically been a focal point for tourism-related investments and continues to attract both local and international capital due to its natural assets and developing infrastructure.