According to data from the Tanzania Investment Centre (TIC), during the last two years of President Samia Suluhu Hassan’s administration, investments in the nation increased from $3.16 billion to $8.64 billion. The number of registered projects into which the funding was invested increased from 455 to 575 between March 2021 and February 2023, a 26% increase. According to TIC’s report, Tanzanians own 32% of the projects registered under the current regime, followed by foreigners at 41% and joint ventures between local and foreign investors at 27%. The number of jobs created increased from 61,900 to 87,187 due to the investment during the review period. Industrial production, increased investment by 49.43% over the past two years, commercial building construction, increased investment by 17.51 percent, and transportation, increased investment by 11.07%. The report makes further connections between the successful performance and the nation’s attendance at various international conferences.
