In a resounding triumph for Tanzania's investment landscape, the Tanzania Investment Centre (TIC) has clinched the esteemed title of the "Most Progressive Investment Promotion Agency in Africa" at the Annual Investment Meeting (AIM) 2024. This prestigious accolade stands as a testament to the visionary leadership of Dr. Samia Suluhu Hassan, spearheading the 6th phase government, which has ushered in a new era of strategic reforms fostering a conducive environment for investment in the country.
Under the leadership of Dr. Samia Suluhu Hassan, Tanzania has implemented pioneering reforms aimed at simplifying business processes, enhancing transparency, and harnessing technology to streamline services. These innovative strategies, coupled with TIC's unwavering commitment and robust investment promotion efforts, have significantly bolstered Tanzania's appeal among investors, garnering international acclaim.
Accepting the award, Dr. Tausi Kida, Permanent Secretary of the President's Office for Investment, emphasized the agency's dual focus on attracting new investments and supporting existing investors to expand their operations. This comprehensive approach has played a pivotal role in solidifying Tanzania's position as a competitive destination for global capital.
Gilead Teri, Executive Director of TIC, highlighted key initiatives such as sector-specific incentives, enhanced stakeholder engagements, and vigorous promotional activities, which have collectively elevated Tanzania's investment profile on the global stage.
The recognition by the Annual Investment Meeting underscores Tanzania's growing reputation as a leading investment hub in East Africa. TIC's efforts align closely with the country's broader economic objectives of attaining middle-income status and fostering sustainable economic growth.
Looking ahead, TIC remains steadfast in its commitment to progressive policies and initiatives, with a strategic focus on pivotal sectors such as manufacturing, tourism, and agriculture, crucial for the nation's economic development and job creation.
The 6th phase government, under the visionary leadership of President Samia Suluhu Hassan, has prioritized enhancing the business environment by reducing bureaucratic hurdles and improving infrastructure. These initiatives have yielded tangible results, positioning Tanzania as a compelling investment destination and catalyzing sustainable development across key sectors.