Tanzania's Investment Landscape, August 2023: China's Leading Role

China's Investment:

• In August 2023, China's investment in Tanzania surged to an impressive USD 422.25 million, solidifying its position as the leading investor in the country.
• In contrast, during August 2022, China's investments were comparatively lower, standing at just over USD 11.94 million.

Other Key Investors:

• Mauritius followed China in August 2023, with investments totaling USD 24.83 million, and India was not far behind, with investments exceeding USD 19.75 million during the same month.
• In August 2022, the United Arab Emirates held the top position as Tanzania's leading investment partner, injecting more than USD 308.227 million into the country. India came next with investments exceeding USD 35.901 million.

Sectors Attracting Investments:

The primary sectors attracting investments in Tanzania include:

• Commercial real estate, which received more than USD 304.86 million.
• The service sector, with investments exceeding USD 63.57 million.
• The manufacturing sector, which attracted more than USD 57.30 million.

Local Investments (August 2023):

Local investments in Tanzania, as of August 2023, were mainly concentrated in the following sectors:

• Agriculture, with investments exceeding USD 328.8 million.
• The transport sector, which accumulated investments of USD 83.89 million.
• The economic infrastructure sector also contributed, with local investments surpassing USD 12.5 million.

Job Creation:

• Agriculture emerged as the top job generator in Tanzania, producing approximately 20,613 jobs as of August 2023.
• The transportation sector followed closely, generating 2,895 jobs.
• The manufacturing sector contributed over 1,094 jobs during the same period.

Job Creation (August 2022):

• In August 2022, the manufacturing sector led in job creation with 3,409 jobs.
• The transportation sector followed with 1,089 jobs, and the tourism sector added 240 jobs to the workforce.

China remains one of the key contributors to Tanzania's investment landscape. In August 2023, China secured investments exceeding USD 422.25 million, surpassing all other nations. Mauritius followed with investments totaling over USD 24.83 million, while India trailed closely with investments exceeding USD 19.75 million during the same period.

Comparing this data to August 2022, the United Arab Emirates held the top position as Tanzania's leading investment partner, injecting more than USD 308.227 million into the country. India came next with investments exceeding USD 35.901 million, and China trailed with investments totaling more than USD 11.94 million during August 2022.

Notably, the primary sectors attracting investments include commercial real estate, which received more than USD 304.86 million, followed by the service sector with investments exceeding USD 63.57 million, and the manufacturing sector, which attracted more than USD 57.30 million.

As of August 2022, the sectors that had already attracted substantial investments were manufacturing, with investments surpassing USD 332.5 million, followed by the transportation sector with USD 33.39 million, and the tourism sector, which saw investments totaling USD 10.94 million.

As of August 2023, local investments predominantly originated from the agriculture sector, with investments exceeding USD 328.8 million, followed by the transport sector, which accumulated investments of USD 83.89 million. The economic infrastructure sector also contributed with local investments surpassing USD 12.5 million.

In terms of job creation, agriculture emerged as the top job generator, producing approximately 20,613 jobs as of August 2023. The transportation sector followed closely, generating 2,895 jobs, and the manufacturing sector contributed over 1,094 jobs.

During the same period in August 2022, the manufacturing sector led in job creation with 3,409 jobs, followed by the transportation sector with 1,089 jobs, and the tourism sector, which added 240 jobs to the workforce.