RE: Moved on and Prepared for Success12 Jul 2024 08:21
Toffers again your posts tell me you know nothing about Tanzania, nor about Foreign direct investmet. If Tanzania were to revoke the licence and take out HE1 as you propose then all the western companies would do a runner and investment in Tanzania would dry up you noob!
Foreign direct investment (FDI) in Tanzania
FDI in Figures
Tanzania is one of the most preferred destinations for foreign investment in Africa, ranking among the 10 biggest recipients of FDI on the continent. According to UNCTAD’s World Investment Report 2023, FDI to the United Republic of Tanzania increased by 8% to USD 1.1 billion (from USD 1 billion one year earlier). Moreover, the number of announced greenfield projects in the country surged by 60%, and there was also a rise in the number of international project finance deals. At the end of the same period, the total stock of FDI stood at USD 18.6 billion, around 24.2% of the country’s GDP. According to the Tanzania Investment Centre (TIC) Quarterly Investment Bulletin for the period July to September 2023, a total of 137 projects valued at USD 2069.49 million were approved. These projects are anticipated to create 86,986 new employment opportunities. The manufacturing, mining, and energy sectors are the primary recipients of FDI in Tanzania. Other sectors such as agriculture, tourism, and infrastructure have also been attracting FDI in recent years. The country’s primary investors are China, India, Kenya, the United Kingdom, Mauritius, Oman, the United Arab Emirates, Canada, the United States, the Netherlands, South Africa, and Germany.