Tanzania invites Russian firms to invest in BSEZ project, it is open for global investors
ST PETERSBURG: PRESIDENT Samia Suluhu Hassan has declared Tanzania ready to become one of Africa’s leading investment destinations, inviting international firms to participate in the country’s major strategic development projects. Addressing the St. Petersburg International Economic Forum (SPIEF 2026) in Russia on June 5, 2026, the President highlighted opportunities in port development, special economic zones and manufacturing industries as key areas requiring investment par
Tanzanian President Samia Suluhu Hassan has announced the nation's readiness to become a top African investment hub, actively seeking international partners for key development initiatives. Speaking at the St. Petersburg International Economic Forum, she emphasized opportunities in port development, special economic zones, and manufacturing, highlighting the Bagamoyo Special Economic Zone (BSEZ) as a prime project for collaboration. President Hassan stated that Tanzania is committed to fostering a favorable business climate through infrastructure upgrades, policy adjustments, and strategic investments to attract capital.
The BSEZ is presented as a flagship initiative, with the government extending a direct invitation to global companies to join its development. The forum provided a platform to showcase Tanzania's economic potential and its welcoming stance towards foreign investment.
Tanzania's proactive invitation to global investors for major projects like the BSEZ signals its ambition to significantly boost economic growth and attract foreign capital, potentially reshaping regional investment landscapes.
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