Samia dismisses sanctions narrative, courts global investors in Russia
DAR ES SALAAM/St. Petersburg: PRESIDENT Samia Suluhu Hassan has firmly dismissed suggestions that Tanzania is operating under sanctions, assuring global leaders and investors that the country remains focused on development and economic transformation. Speaking during a high-level panel discussion at the St. Petersburg International Economic Forum (SPIEF) 2026, President Samia responded to a question from moderator Geeta Mohan on whether sanctions could affect Tanzania’s devel
President Samia Suluhu Hassan has stated that Tanzania is not subject to any international sanctions, clarifying the nation's position during a panel at the St. Petersburg International Economic Forum. She emphasized that the country is focused on its development and economic transformation, actively seeking global investment. President Samia highlighted Tanzania's economic progress and investment potential, presenting it as a stable destination for international capital. She showcased key government projects, including the Bagamoyo Deep Sea Port and infrastructure upgrades, designed to boost trade and regional connectivity. The President invited foreign participation, noting Tanzania's political stability, strategic location, and ongoing business environment reforms.
The President's clear stance aims to reassure global investors and partners about Tanzania's economic trajectory and its openness to international collaboration, potentially influencing foreign direct investment and development partnerships.
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