MWE Correspondent
Tanzania’s recent achievements in fostering economic cooperation within the East African Community (EAC) underscore the clear strategic direction of the country’s government under the leadership of President Samia Suluhu Hassan.
The Ministry of Foreign Affairs and East African Cooperation, led by Minister Mahmoud Thabit Kombo, reported a remarkable rise in investment projects from member states, which have more than doubled from 20 to 41 within a single year.
This surge in investments highlights the growing confidence of regional partners in Tanzania as a secure and attractive destination for business and development. The increase is a testament to the country’s efforts to improve its business environment and infrastructure, fostering an ecosystem conducive to foreign direct investment (FDI).
During a recent parliamentary briefing, Minister Kombo emphasized that these developments are a direct result of Tanzania’s commitment to economic diplomacy and regional integration. The government’s push to deepen ties within the EAC aligns with the broader vision of President Samia Suluhu Hassan to position Tanzania as a leading economic powerhouse in East Africa.
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Tanzania’s ability to attract a growing number of projects across diverse sectors, including manufacturing, agriculture, and infrastructure, showcases the country’s expanding industrial base and its readiness to support sustainable economic growth. The Tanzania Investment Centre (TIC) plays a critical role in facilitating these investments by streamlining processes and providing support to investors.
On a regional level, the East African Community continues to demonstrate strong economic performance. The region recorded a gross domestic product (GDP) growth rate of 5.4% in 2024, surpassing the average for sub-Saharan Africa, and forecasts predict sustained growth of around 5.7% in 2025 (World Bank East Africa). This positive economic outlook further enhances Tanzania’s appeal as a hub for cross-border investment and cooperation.
Looking forward, Tanzania aims to capitalize on this momentum by continuing to improve its investment climate and deepen diplomatic relationships with neighboring countries. These efforts will not only help maintain the inflow of capital but also contribute to the wider goal of regional integration and shared prosperity among EAC member states.
