United States Department of State

Tanzania United States Department of State

The Government of Tanzania (GOT) generally has a favorable attitude toward foreign direct investment (FDI) and has had considerable success in attracting it. Tanzania has attracted USD 1.87 billion of FDI inflows since 2013, a 72 percent increase from the previous year and the highest in the East Africa region. The UN Conference on Trade and Development's (UNCTAD) 2014 World Investment Report listed a total of USD 12.72 billion of FDI stock currently in Tanzania. In recent years, the government has sought to attract investment in both productive and extractive sectors, including agriculture with the Kilimo Kwanza (agriculture first) strategy and the development of the Southern Agricultural Growth Corridor of Tanzania (SAGCOT), and mining, with both sectors eligible for 100 percent capital expenditure deductions.