DAR ES SALAAM: THE Tanzania Investment and Special Economic Zones Authority (TISEZA) has inaugurated its Board of Directors in a move aimed to fast-tracking the improvement of the country’s business and investment environment.
After the launch, TISEZA was tasked to generate 15bn US dollars in investment and register at least 1,500 projects across all national investment schemes, as part of major reforms aimed at improving the country’s business and investment environment.
The directive was issued today, November 28, 2025, in Dar es Salaam by the Minister of State in the President’s Office – Planning and Investment, Professor Kitila Mkumbo, during the inauguration ceremony of the TISEZA Board of Directors and the Board for Investor Service Providers (ISPs). He noted that Tanzania’s Vision 2050 recognizes that a strong and sustainable economy depends on the presence of an enabling investment environment.
Speaking at the event, Professor Mkumbo said the government is finalizing the preparation of the second phase of the Business and Investment Environment Improvement Strategy (MKUMBI II), which aims to remove barriers to doing business and strengthen the investment climate. The strategy is intended to enhance the country’s competitiveness in attracting both domestic and foreign investors.
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He highlighted key factors used to attract investment, including strong institutions, the rule of law, political stability, market availability, access to capital, and opportunities in sectors such as agriculture, industry, mining, and energy. He added that Tanzania’s Vision 2050 emphasizes improving transport and logistics infrastructure to leverage the country’s geographical advantages for economic growth.
In outlining the government’s initiatives to boost investment, Professor Mkumbo announced plans to establish a dedicated center for young investors, launch programs that empower youth to start industries, expand TISEZA services to every region by 2028, and introduce new investment incentives.
For his part, TISEZA Director General Gilead Teri said the authority will ensure innovation in service delivery and prioritize young investors, including setting aside special areas for them and supporting them in launching job-creating projects.
Investors who attended the event commended the government for launching the Investor Service Providers Board, saying the move will enhance service efficiency and strengthen the investment climate. They added that the effective implementation of Vision 2050 will give them confidence to increase their capital investments in the country.