Tanzania leads regional peers in foreign direct investment
Headquarters of the Tanzania Investment Centre in Dar es Salaam. Tanzania was among the top ten investment destinations in Africa last year, according to a joint report by the African Development Bank, Organisation for Economic Cooperation and Development and UNDP. PHOTO | FILE
What you need to know:
The 16th edition of the African Economic Outlook report—which was released on Monday—ranks Tanzania the ninth in Africa thanks to the government’s new drive to attract investments in line with the medium-term development plan that is focused on nurturing industrialisation as a means of achieving economic transformation.
Without giving out details of FDIs data, the African Economic Outlook report—published jointly by the African Development Bank, Organisation for Economic Co-operation and Development and the United Nations Development Programme— puts Tanzania just ahead of Kenya in East Africa.
