Africa-Press – Tanzania. THE government has unveiled a comprehensive strategy to implement Tanzania’s National Vision 2050, aiming to expand investment, create jobs for young people and strengthen the economy over the next five years.
Speaking to journalists, Minister of State in the President’s Office – Planning and Investment, Professor Kitila Mkumbo, said investment is a critical driver of national growth.
“Success in the investment sector is measured by the number of registered projects, jobs created and capital attracted. Between 2021 and 2025, registered investment projects grew from 252 to 901 annually, while investment capital reached 9.3 billion US dollars (about 22.8tri/-),” he explained.
One of the government’s flagship initiatives is the One Stop Facilitation Centre, which brings together 14 public institutions in a single location.
He said investors can access services including investment certificates, company and business registration, residence and work permits, environmental approvals, and product quality certifications.
“The centre aims to reduce bureaucracy, save time, and encourage more investment,” he said.
The minister revealed further that the government will also establish a Land Bank under the Tanzania Investment and Special Economic Zones Authority (TISEZA), covering more than 170,000 hectares, including large farms, government plots, and Special Economic Zones.
He said the initiative is designed to make it easier for investors, particularly graduates from universities and technical colleges, to set up factories, with support ranging from training and land allocation to access to machinery, raw materials, and financial services.
Prof Mkumbo also announced the launch of a National Investment Forum from January 2026.
The forum will bring together ministries, public institutions, and investors to assess progress, discuss challenges and implement solutions to strengthen investment outcomes.
The government will also establish Youth Investors Resource Centres in Dodoma, Coast, Mara, Ruvuma and Bagamoyo.
The minister said the centres will provide young entrepreneurs with access to training, land, banking support, suppliers and other resources to help them establish productive ventures.
According to Prof Mkumbo, Investment priorities over the next five years will focus on agriculture and agro-processing, production of essential domestic goods, livestock and fisheries, tourism, construction, mining, financial services, forestry, and energy, including oil and gas.
“To improve the overall business climate, the government is finalising MKUMBI II, a strategy set to launch before Vision 2050 comes into effect on July 1st 2026,” he stated.
Prof Mkumbo stressed that the plan aims to create 8 million jobs and attract at least 50 billion US dollars (about 122.5tri/-) in investment by 2030. Public institutions will also be strengthened through performance-based assessments, with ministries and agencies measured against Key Performance Indicators (KPIs), he noted.
He stressed that the strategy will increase investment projects, expand employment opportunities for youth and strengthen the national economy, ensuring that the benefits of growth are felt across the country.
