24 Measures to Drive Tanzania's $1 Trillion Economic Growth by 2050

TLDR

• Tanzania targets a USD 1 trillion economy by 2050.
• The government and private sector also signed a Joint Declaration on the implementation of Vision 2050, committing both sides to closer cooperation in achieving the country’s long-term development objectives.
• The Government of Tanzania and the private sector have launched the implementation framework for Development Vision 2050 (DTV 20250), with both sides committing to strengthen cooperation in increasing investment.
• The meeting brought together government officials and representatives from business associations to discuss the role of the private sector in implementing Vision 2050, which aims to transform Tanzania into a high-income.
• The Tanzania Private Sector Federation (TPSF) Chairperson, Angelina Ngalula, welcomed the increased role given to businesses in implementing Vision 2050 and called for stronger accountability mechanisms, policy.