What You Need to Know
The Permanent Secretary for Investment, Fred Msemwa, has urged TISEZA employees to improve their work habits to better position Tanzania as a prime investment destination. During the Workers’ Council meeting, he emphasized the importance of attracting both domestic and foreign investments to drive economic growth, aligning with the National Development Vision 2050 goals.
Africa-Press – Tanzania. THE Permanent Secretary in the President’s Office for Investment, Fred Msemwa, has urged employees of the Tanzania Investment and Special Economic Zones Authority (TISEZA) to abandon routine-driven work habits, emphasizing the institution’s strategic responsibility in positioning Tanzania as a preferred destination for investors.
Dr Msemwa made the remarks today, April 10, 2026, while officiating the first Workers’ Council meeting of TISEZA, formed following the merger of the Tanzania Investment Centre (TIC) and the Export Processing Zones Authority (EPZA).
He stressed that TISEZA carries a significant mandate to ensure Tanzania attracts both domestic and foreign investment, noting that the Workers’ Council plays a critical role in driving institutional performance and achieving this objective.
Dr Msemwa further highlighted that the National Development Vision 2050 targets 70 percent of the country’s Gross Domestic Product (GDP) to be driven by the private sector, within which investment is a central component.
Earlier, welcoming the Permanent Secretary, the Director General of TISEZA, Gilead Teri, presented performance outcomes, noting that between January and March 2026, a total of 177 projects worth approximately 1.2bn US dollars (about 3.11tri/-) were registered. These projects are expected to generate around 19,750 jobs.
Tanzania has been working to enhance its investment climate, particularly through the establishment of TISEZA, which merges TIC and EPZA. This strategic move aims to streamline investment processes and attract more foreign direct investment. The government envisions a significant role for the private sector in driving economic growth, targeting 70% of GDP by 2050 from private investments. The recent registration of numerous projects indicates a positive trend in investment activity, crucial for job creation and economic development.
