Tanzania is stepping up efforts to attract international investors by preparing to present more than 60 investment-ready projects valued at approximately 2.85 billion US dollars during a major International Investment Conference scheduled to take place in Arusha from June 1 to June 2.

The initiative is being coordinated by the Tanzania Investment and Special Economic Zones Authority (TISEZA), which confirmed that all projects have already undergone detailed feasibility studies and are considered commercially viable.

The projects cover key strategic sectors including tourism development, fisheries, blue economy activities, renewable energy, agriculture, water infrastructure, and large-scale national infrastructure development.

According to TISEZA Director General Gilead Teri, the conference is designed as a business-oriented platform that connects serious investors with ready-to-implement projects rather than serving as a negotiation forum.

He emphasized that Tanzania’s government has been improving the investment environment under its sixth phase leadership to make the country more attractive to foreign capital.

The conference will be officially opened by Professor Kitila Mkumbo, who serves as Minister of State in the President’s Office for Planning and Investment.

The event is jointly organized by the Economic and Social Research Foundation (ESRF) and the United Nations Development Programme (UNDP), and will bring together more than 20 financial institutions, including banks, pension funds, and development finance organizations.

UNDP representatives have praised Tanzania’s proactive strategy, noting that the selected projects are aimed at ensuring tangible benefits for ordinary citizens and supporting long-term national development goals.Stakeholders from both public and private sectors, including diplomats, investors, and development partners, are expected to attend.

The conference highlights Tanzania’s broader shift from reliance on foreign aid towards attracting private investment as a key driver of economic growth and self-reliance.This approach is expected to strengthen partnerships and accelerate development across multiple sectors.