Sino-American fund targets $5bn investment push in Tanzania

The Minister of State in Presidentís Office (Planning and Investment), Prof Kitila Mkumbo (centre), poses for a group photo with officials from the international investment fund Sino American Global Fund (SinoAm LLC), including its Chief Executive Officer, Mr Tarek Choufani (second left) and the fundís Chairman, Mr Najib Choufani (second right). On the left is Tanzaniaís Ambassador to the United Kingdom, Mr Mbelwa Kairuki, while on the right is the Permanent Secretary in the Ministry of State in the President’s Office (Planning and Investment), Dr Tausi Kida. PHOTO | COURTESY

Dar es Salaam. Tanzania could attract up to $5 billion (about Sh12.7 trillion) in strategic investments after the Sino-American Global Fund (SinoAm LLC) signalled readiness to support large-scale projects following high-level talks in London.

The indication emerged during a strategic investment dialogue between SinoAm Global Fund and senior officials from the Ministry of Investment of the United Republic of Tanzania, held at the Tanzania High Commission in London.

The discussions focused on aligning long-term private capital with Tanzania’s development priorities under Vision 2050, with emphasis on projects capable of delivering sustained economic and social impact.

The meeting was hosted by Tanzania’s High Commissioner to the United Kingdom, Ambassador Mbelwa Kairuki, and led by the Minister of State in the President’s Office (Planning and Investment), Prof Kitila Mkumbo.

Officials from the Tanzania Investment and Special Economic Zones Authority (Tiseza) and other key investment institutions also participated.

Talks centred on Tanzania’s ambition to accelerate infrastructure development, industrialisation and broad-based economic transformation through public-private partnerships and structured private capital deployment.

SinoAm Global Fund, a global private equity and infrastructure investor, expressed interest in partnering with the government on large-scale projects with long-term development value. Prof Mkumbo said the engagement underscored Tanzania’s growing appeal to global investors seeking scale, stability and clear development priorities.

“This engagement reflects Tanzania’s determination to unlock transformative investment that will accelerate infrastructure expansion and economic diversification,” he said. “We are ready to work with long-term partners who bring not only capital, but also expertise and strong global networks.”

SinoAm chairman Mr Najib Choufani said Tanzania’s strategic vision, reform momentum and pipeline of bankable projects made it an attractive destination for large-scale investment.

“We are prepared to work towards investing up to $5 billion across key sectors that advance Tanzania’s growth agenda,” he said.

According to SinoAm, the proposed investment package would prioritise energy and power infrastructure, transport and logistics, industrial and manufacturing development, as well as urban and property projects.

Discussions on energy focused on expanding generation capacity, strengthening transmission networks and accelerating renewable energy projects to support industrial growth and electrification.

Transport talks highlighted the need to modernise ports, rail corridors and road networks to strengthen Tanzania’s role as a regional trade and transit hub.

SinoAm managing director Mr Tarek Choufani said the firm was keen to work with the government to structure financing models suitable for large national projects.

Ambassador Kairuki said the dialogue sent a positive signal to global markets about Tanzania’s openness to strategic investors.

Both sides agreed on next steps, including feasibility studies, project prioritisation and tailored investment frameworks, with follow-up engagements expected in the coming months.