{"id":147550,"date":"2026-01-27T19:57:15","date_gmt":"2026-01-27T19:57:15","guid":{"rendered":"https:\/\/www.africa-press.net\/tanzania\/all-news\/sinoam-seeks-to-invest-5bn-us-dollars-in-tanzanias-strategic-projects"},"modified":"2026-01-27T21:02:34","modified_gmt":"2026-01-27T21:02:34","slug":"sinoam-seeks-to-invest-5bn-us-dollars-in-tanzanias-strategic-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/tanzania\/all-news\/sinoam-seeks-to-invest-5bn-us-dollars-in-tanzanias-strategic-projects","title":{"rendered":"SinoAm seeks to invest 5bn US dollars in Tanzania\u2019s strategic projects"},"content":{"rendered":"<p><span class=\"ap-article-header-tag\"> <strong>Africa-Press &#8211; Tanzania. <\/strong> <\/span>SINO American Global Fund (SinoAm LLC) has expressed its intention to invest in Tanzania up to 5bn US dollars in large-scale strategic projects, including infrastructure, transportation, energy, technology, financial services, and industrial development.<\/p>\n<p>The investment interest was formally presented during a meeting between the leadership of SinoAm LLC and the Minister of State in the President\u2019s Office for Planning and Investment, Professor Kitila Mkumbo in a meeting that took place in London, United Kingdom on the sidelines of the Minister\u2019s official visit to the country.<\/p>\n<p>Speaking on behalf of SinoAm LLC, the Fund\u2019s Chairman, Najib Choufani, said the fund plans to invest the amount in phases through Public-Private Partnership (PPP) projects, in line with the development priorities of Tanzania\u2019s Sixth Phase Government.<\/p>\n<p>Choufani explained that SinoAm LLC has conducted a comprehensive assessment of Tanzania\u2019s investment climate and identified high-impact opportunities. These include the construction and operation of modern toll expressways, standard gauge railway (SGR) projects, as well as key transport and energy infrastructure aimed at driving economic growth and strengthening Tanzania\u2019s regional competitiveness.<\/p>\n<p>The meeting was also attended by Tarek Choufani, Chief Executive Officer of SinoAm LLC, who noted that the fund has extensive global experience in managing and financing large-scale infrastructure projects. He emphasized that SinoAm is ready to bring not only substantial capital, but also technical expertise, modern management systems, and international best practices to Tanzania.<\/p>\n<p>For his part, Minister Professor Kitila Mkumbo commended SinoAm LLC for demonstrating strong commitment to investing significant capital in Tanzania. He stressed that the Tanzanian government continues to improve the business and investment environment to attract major global investors, highlighting Tanzania\u2019s political stability, investor-friendly policies, and long-term development vision that provides assurance and protection for strategic investments.<\/p>\n<p class=\"ap-article-footer-note\">Find more news and analyses on <span class=\"ap-highlight-country\">Tanzania<\/span> on the <span class=\"ap-highlight-brand\">Africa Press<\/span> website<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Tanzania. SINO American Global Fund (SinoAm LLC) has expressed its intention to invest in Tanzania up to 5bn US dollars in large-scale strategic projects, including infrastructure, transportation, energy, technology, financial services, and industrial development. The investment interest was formally presented during a meeting between the leadership of SinoAm LLC and the Minister of [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":147549,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[711],"class_list":["post-147550","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-tanzania"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SinoAm seeks to invest 5bn US dollars in Tanzania\u2019s strategic projects - Tanzania<\/title>\n<meta name=\"description\" content=\"-article-header-tag&quot;&gt; Africa-Press - Tanzania. 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