BY MLEMI ALPHONCE
Tanzania is turning to private capital to finance most of its long-term development agenda, with more than 70 per cent of resources needed for the National Development Vision 2050 expected to come from the private sector.
Opening the 2026 Investment Summit in Arusha on Tuesday, June 2, 2026, the Minister for Communications and Technology, Ms Angellah Kairuki, said the Tanzania Investment Growth Facility (TIGF) will play a central role in preparing bankable projects and linking them with domestic and international investors.
Ms Kairuki, who represented the Minister for Planning and Investment, Prof Kitila Mkumbo, said Tanzania was ready for investment and needed partnerships, innovation and capital to accelerate projects that were of benefit to citizens and the national economy.
She said the value of projects listed on the TIGF platform had risen to more than USD 6.35 billion from about USD 2.85 billion, reflecting growing investment opportunities across key sectors.
The Deputy Minister in the President’s Office for Planning and Investment, Dr Pius Chaya said the summit was designed to move beyond discussion by generating implementable projects, connecting investors and stimulating capital flows.
The Executive Director of the Economic and Social Research Foundation (ESRF), Prof Fortunata Makene, said TIGF would help address the shortage of investor-ready projects, while UNDP said Tanzania had strong potential as an African investment destination.
