Business

TIC Registers $3.7 Billion Worth of Projects from January to May 2025, with Manufacturing Sector in the Lead

The Tanzania Investment Centre (TIC) recorded $3.7 billion in project registrations between January and May 2025, up from $2.8 billion in 2024. Manufacturing led with 156 projects, while total projects are expected to create 41,117 jobs.

Teri attributed the achievements to the efforts of President Dr. Samia Suluhu in creating a favorable investment environment and her skilled leadership, which has focused on economic growth and development in Tanzania.

These projects are expected to create 41,117 jobs once completed. Of the registered projects, 186 are owned by international investors, while the remainder are owned by Tanzanians or through joint ventures involving Tanzanians, indicating significant local participation in the national economy.

Read more at: https://www.tanzaniainvest.com/economy/tic-investment-project-registration-january-may-2025

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