An international investment fund, Sino American Global Fund (SinoAm LLC), is targeting a $5 billion investment push in Tanzania, signalling growing global investor confidence in the country’s economic outlook and investment climate.
The plan was revealed during high-level discussions between Tanzanian government officials and representatives of the fund, led by its Chief Executive Officer, Mr Tarek Choufani, and Chairman, Mr Najib Choufani.
The meeting was hosted by the Minister of State in the President’s Office (Planning and Investment), Prof Kitila Mkumbo, and attended by key officials including Tanzania’s Ambassador to the United Kingdom, Mr Mbelwa Kairuki, and Permanent Secretary in the President’s Office (Planning and Investment), Dr Tausi Kida.
According to officials, the proposed investment programme will focus on priority sectors aligned with Tanzania’s development agenda, including infrastructure, energy, agribusiness, manufacturing, and strategic industries aimed at boosting job creation and economic growth.
Government representatives said the discussions centred on improving the ease of doing business, strengthening policy predictability, and ensuring investment protection—key factors that continue to attract large-scale international capital into Tanzania.
Prof Mkumbo reiterated the government’s commitment to creating a conducive and transparent investment environment, noting that Tanzania remains open to partnerships that support industrialisation, value addition, and sustainable development.
The Sino-American fund officials, in turn, expressed confidence in Tanzania’s political stability, macroeconomic fundamentals, and long-term growth prospects, describing the country as a strategic gateway to regional markets in East and Southern Africa.
If realised, the $5 billion investment drive would rank among the largest foreign private investment initiatives in recent years and is expected to significantly contribute to Tanzania’s economic transformation agenda.
