Looking ahead, Tanzania aims to attract US$15 billion in investments in 2025, with a strategic focus on manufacturing, clean energy, transport, minerals, agriculture, and services. To achieve this ambitious goal, the government is implementing key reforms, including merging TIC and EPZA, enhancing infrastructure, and simplifying investment processes through the One-Stop Facilitation Centre.

The economy continues to show strong performance, with 5.6% growth recorded from January to September 2024 and similar projections for the full year. Zanzibar’s economy expanded by an impressive 7%, with growth expected to exceed 6% in 2025. Inflation has remained stable at 3.1%, while exports surged to USD 16.1 billion, driven by tourism, gold, and agricultural products. Notably, cashew nut procurement reached a five-year high thanks to the new online auction system.

In a significant development for the financial sector, the Tanzanian government has established the Capital Markets Tribunal to resolve disputes in the securities market, protect investors, and enhance financial market integrity.

The mining sector is set for transformation with newly outlined priorities for 2025, including resolving miner conflicts, enhancing investment through TIC, improving geological research, supporting small-scale miners with training and loans, and adopting advanced mining technologies like CIP plants.

Agricultural development received a boost with the signing of a ¥22.7 billion Two Step Loan agreement between Tanzania and Japan on January 14th. The project, to be executed by the Tanzania Agricultural Development Bank (TADB) with oversight by JICA, will provide medium- and long-term financing to farmers, farming groups, and agricultural companies, focusing on agricultural productivity, food security, and climate-resilient farming.

In the energy sector, Tanzania hosted the Mission 300 Africa Energy Summit in January, which concluded with the Dar es Salaam Energy Declaration, securing $40 billion in funding. The country has set ambitious goals to electrify 8.3 million households and reach 75% electrification by 2030.

Infrastructure development continues to progress with the Tanzania-Burundi SGR Railway Agreement worth US$2.15 billion signed in February, while the Mwanza–Isaka SGR section has reached 63% completion.

The banking sector has shown impressive performance, with Tanzania’s largest bank, CRDB, reporting TZS 550.8 billion (US$220 million) in profits for 2024, a 30% increase from 2023. The overall banking sector recorded TZS 63.5 trillion in assets and TZS 2.15 trillion in profits, with the lowest NPL ratio in East Africa.(Source: Tanzania Invest)