DAR ES SALAAM — Tanzania has stepped up efforts to attract foreign investors as it seeks to cement its role as a key industrial and trade hub in East Africa.
The government is opening its flagship Bagamoyo Special Economic Zone to Russian and other international firms, in a renewed drive to bring in large-scale foreign capital and accelerate industrial development.
Officials say the initiative forms part of a broader national strategy aimed at industrialisation, export expansion and economic diversification.
President Samia Suluhu Hassan showcased the project during a global economic forum in Russia, presenting Tanzania as an emerging destination for manufacturing and infrastructure investment.
She said Tanzania is positioning itself to benefit from shifting global supply chains, as countries compete to attract new production and investment flows.
The Bagamoyo Special Economic Zone is being developed as a major manufacturing and logistics centre designed to support regional and international trade.
Government planners say the zone will be closely integrated with key transport corridors, improving connectivity to ports and inland markets across East Africa.
Officials describe the project as a cornerstone of Tanzania’s long-term economic transformation agenda.
They expect it to drive growth in manufacturing, construction and associated service industries, while boosting overall industrial capacity.
The initiative is also projected to generate substantial employment opportunities, particularly for young people entering construction and industrial sectors.
Authorities say job creation will be one of the immediate benefits as infrastructure development and factory construction accelerate within the zone.
The government also aims to increase export earnings by expanding industrial output and strengthening regional trade links.
Improved exports are seen as critical to enhancing economic resilience and reducing dependence on traditional revenue sources.
Officials say Tanzania’s long-term ambition is to establish itself as a competitive production base for global markets, in line with broader trends across Africa as countries vie for foreign investment.
