Tanzania seeks fresh investors in growth bid

Tanzania is actively seeking fresh investors to support its growth ambitions. The country's GDP in 2025 reached $90.14 billion, a 36% increase from 2020's $66.07 billion and nearly double the $47.41 billion seen in 2015. Analysts predict that Tanzania could reach the $100 billion GDP mark, a milestone achieved by only 11 African nations.

The economy grew by 6% in 2025, marking a significant improvement from 5.5% the previous year. Key drivers of this growth include record gold exports, a thriving tourism sector, and the completion of the Julius Nyerere Hydropower Project, which increased the country's power generation capacity from 2,115 MW to 4,015 MW. Gold exports surged by 37.4% to $4.7 billion, accounting for 45.7% of Tanzania's total exports.

Tourism also rebounded, with international arrivals rising 11.4% to 2.3 million visitors by October, resulting in revenues of $4.3 billion. The financial services sector has also performed well, generating record profits for the nation's largest commercial banks. Tanzania's infrastructure investments, such as the SGR and port modernization, aim to position the country as a regional trade and logistics hub.

These initiatives are expected to boost investor confidence, as evidenced by the increase in foreign direct investment (FDI) from $3.8 billion in 2018 to over $12 billion in 2024. The IMF endorsed Tanzania's economic reforms, releasing $443.8 million in aid, primarily through the ECF and RSF.