Tanzania's Commitment to Creating a Favorable Investment Climate

TLDR

• One of the key highlights of the engagement was the Dangote Group’s long-term investment outlook, including plans to invest up to US$46 billion by 2030 across strategic sectors in Africa, including Tanzania.
• The mission is a continuation of the Translation of Tanzania Development Vision 2050 which wants the private sector to be an engine of Tanzania’s economic transformation towards achieving the 1tri economy by 2050.
• During the meeting, Alhaj Dangote commended President Dr Samia for her visionary leadership and unwavering commitment to creating a favourable investment climate.
• Tanzania is a country with enormous investment potential and I reaffirm my company’s commitment to supporting the country’s industrialization drive through strategic partnerships”‘, he said.
• He also applauded Prof Kitila for leading a strong and well-coordinated delegation, noting that its composition reflected the Government of Tanzania’s commitment to translating policy into practical investment outcomes.