Tanzania has announced a major shift in its national investment strategy, placing young people at the heart of future economic development. The move is aimed at creating jobs, boosting innovation, and ensuring that the country’s growing youth population becomes a key driver of long-term prosperity.
The announcement was made by Prof. Kitila Mkumbo, Minister of State in the President’s Office (Planning and Investment), during the launch of the country’s new investment framework.
Youth to Lead Tanzania’s Economic Transformation
Prof. Mkumbo said the government recognises that young people make up the largest portion of Tanzania’s population. He emphasised that involving them directly in investment decisions and opportunities is essential for the country’s future growth.
According to the minister, the new investment drive will focus on:
Supporting youth-led businesses
Expanding access to capital and start-up funds
Creating job opportunities in modern sectors such as technology, manufacturing, and agribusiness
Providing training and skills needed for industrial and digital transformation
He noted that Tanzania can no longer rely only on traditional large-scale investors. Instead, the country must empower young innovators who bring fresh ideas and new market solutions.
New Strategies to Strengthen Youth Participation
To ensure youth benefit fully, the government is developing:
Special investment windows dedicated to young entrepreneurs
Training hubs in major cities to provide business skills
Tax and regulatory incentives for youth-led start-ups
Partnerships between local investors, foreign companies, and youth groups
Prof. Mkumbo said these initiatives are part of a broader plan to create a stronger and more inclusive economy by 2030.
Youth as a National Asset
The minister stressed that Tanzania’s youth are not just the “future workforce” but an economic asset with the potential to shape regional and global markets.
He encouraged young people to take advantage of the support being made available, urging them to be bold, innovative, and proactive in seeking investment opportunities.
A Step Toward an Inclusive, Modern Economy
The new focus on youth aligns with Tanzania’s long-term development goals, including:
Reducing unemployment
Strengthening the private sector
Increasing productivity and innovation
Expanding the country’s presence in competitive markets
Officials say the investment framework will continue to evolve, with more programmes expected to be introduced in 2026.
The initiative has been welcomed by youth organisations, business groups, and educators, who say it is a crucial step toward building a modern and dynamic economy driven by young talent.
