Tanzania Reaffirms Commitment to Private Sector Investment Amid Dangote Talks
President Samia Suluhu Hassan has reaffirmed the government's commitment to collaborating with the private sector to attract investments that drive economic growth, industrialisation, technology transfer, and job creation. This followed talks with Dangote Group Chairman Aliko Dangote at State House in Dar es Salaam. The government has welcomed the company's proposal to expand its investments in Tz
President Samia Suluhu Hassan has reaffirmed the government's commitment to working closely with the private sector to attract productive investments that drive economic growth, promote industrialisation, facilitate technology transfer, and create employment opportunities for Tanzanians. The remarks were made after talks with Dangote Group Chairman and Chief Executive Officer Aliko Dangote at State House in Dar es Salaam. The government has welcomed the company's proposal to expand its investments in Tanzania and has directed relevant ministries and institutions to continue technical discussions on the identified projects in line with the country's policies, laws, and national development priorities.
According to presswire.com, President Hassan addressed the plenary session of the 29th St Petersburg International Economic Forum (SPIEF 2026) on Friday, where she said the world is experiencing economic and geopolitical changes that require countries to deepen cooperation and strengthen business ties for shared prosperity. She added that the question before the international community is no longer whether Africa will grow, but who will partner with Africa in shaping that growth. She noted that Africa has a growing population and expanding consumer markets, and the implementation of the African Continental Free Trade Area (AfCFTA) are creating opportunities for long-term investment and industrial growth. She presented Tanzania as a key access point to African markets.
According to marketscreener.com, the government has allayed fears over the rise in the national debt-to-GDP ratio to 40.7 per cent, stating that the increase is largely due to borrowing used to finance mega projects aimed at boosting economic growth and improving the living standards of citizens. Chief Government Spokesperson Gerson Msigwa said critics claim the government has excessively borrowed, but they fail to explain how the loans have enabled the implementation of various development projects, including railway, water, and road infrastructure.
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