Dar es Salaam, Tanzania - The agricultural sector has maintained its position as the top attraction for investment projects registered at the Tanzania Investment Centre (TIC) for the second consecutive month. According to TIC's recent monthly report, the sector recorded a total of ten projects valued at approximately $340 million (about TZS 851.6 billion) in August.
This surge in agricultural investments is expected to result in the creation of at least 20,600 jobs, a significant increase from the 616 jobs generated by three projects worth $229 million (about TZS 573.5 billion) in July.
The commercial building sector claimed the second position in August, surpassing the manufacturing sector. It registered five projects valued at $307 million (about TZS 768.9 billion), while the manufacturing sector recorded 22 projects worth $65 million (about TZS 162.8 billion).
This represents a notable shift from July when the commercial building sector registered eight projects valued at $69 million (about TZS 172.8 billion), whereas the manufacturing sector recorded 21 projects worth $82 million (about TZS 205 billion).
In total, the TIC report reveals that there were 58 projects valued at $931.6 million (about TZS 2.3 trillion) across all sectors in August, including tourism, services, transportation, and economic infrastructure. These projects are expected to create over 25,700 jobs.
Regionally, Dar es Salaam Region led the way by registering 22 projects with a total value of $111.76 million (about TZS 280 billion) and the potential to generate 1,778 jobs.
The Coast Region registered nine projects valued at $307.93 million (about TZS 771 billion), anticipated to result in 285 jobs. Meanwhile, Dodoma Region registered six projects worth $45.85 million (about TZS 114.8 billion), with an estimated 580 jobs to be created.
Mwanza Region successfully registered five projects valued at $22.41 million (about TZS 56.1 billion) and expected to generate 440 jobs. Kagera Region secured two projects worth $226.57 million (about TZS 567.5 billion), creating 10,120 jobs, while Ruvuma Region registered one project valued at $33.71 million (about TZS 84 billion), projecting 1,292 jobs.
The report also revealed the ownership structure of the registered projects, with 44 percent owned by Tanzanian natives, 14 percent through joint ventures (JV), and 42 percent owned by foreign investors. This diversity in ownership reflects the country's attractiveness to both local and international investors across various sectors.