The Vice President of the United Republic of Tanzania Hon. Dr. Philip Mpango has invited investors from China and other countries to invest in Tanzania due to the friendly geographical, infrastructural, political, political and legal environment that exists.

The Vice President said this while closing the Investment Forum between China and Tanzania held at the Conference Hall of the Johari Rotana Hotel in Dar es Salaam. He said that Tanzania has maintained peace since gaining independence in 1961, has continued to reform laws and implement policies aimed at strengthening the investment and business environment. He also said that the geographical advantages include having a domestic market of more than 64 million people as well as a market of 1.4 billion people in the use of the Free Trade Zone in Africa, the Southern African Development Community and the East African Community.

The Vice President added that, Investment in Tanzania enables access to the American markets through the AGOA program, the European market through the EBA program as well as the Chinese market through the FOCAC program, also the countries of Japan through TICAD as well as the Indian market.

The Vice President has said that Tanzania's economy has continued to improve immediately after the effects of Uviko19 where it has grown by 5.5 percent in 2023 and is expected to grow by 6 percent in 2024-2027. He said the Sixth Phase government led by President Dr. Samia Suluhu Hassan has invested in building a strong economy through the four R's aimed at Resilience, Reconstruction, Reconciliation and Reform.

Likewise, the Vice President has said that it has continued to invest heavily in infrastructure to create a better environment for business and investment. He has mentioned that the investments include reliable energy projects, port improvements, construction of a modern railway (SGR) that will reach Burundi and Kindu in the Democratic Republic of Congo. He also said that another investment is in education to get better human resources as well as the health sector.

The Vice President has urged investors from China and other countries to invest in Tanzania in the environment and the blue economy, where he has urged the investors to come up with modern technologies that will help move citizens away from the use of dirty energy and save the environment.

He has also welcomed the right investment in developing coastal areas and islands to be able to make good use of the blue economy while protecting the environment.

The Vice President has said for a long time that the People's Republic of China has been a major strategic investor and business partner of Tanzania. He said the annual flow of money from China increased from 92 million dollars in 2019 to 221 million dollars in 2021. In the period from January 2021 to December 2023, 256 Chinese projects registered by the Tanzania Investment Center were worth one billion US dollars. 2.4, estimated to generate 29,122 jobs.