Tanzania continues to attract strong foreign investment, with mining and quarrying maintaining a dominant position as the leading sector. According to the Tanzania Investment Report 2025, the sector accounts for nearly three-quarters of total foreign direct investment (FDI) stock, highlighting its central role in the country’s economy.
Investment in mining has steadily increased, reaching about $9.79 billion in 2024, driven by expansion of existing projects, reinvestment of earnings, and consolidation within the industry. This growth reinforces Tanzania’s position as a key destination for resource-based investment.
Manufacturing ranks as the second-largest recipient of foreign investment, with inflows rising to over $3.3 billion. The sector’s growth reflects ongoing efforts to industrialize the economy and add value to local resources, aligning with national development priorities.
Other important sectors attracting investment include finance and insurance, as well as information and communication, showing a gradual diversification beyond traditional extractive industries. However, experts note that investment remains heavily concentrated in mining, with limited linkages to other parts of the economy.
The United Kingdom remains the largest source of foreign investment, followed by countries such as Mauritius, Norway, South Africa, and the Netherlands. This reflects Tanzania’s continued ability to attract capital from both traditional and emerging global partners.
Overall, while Tanzania continues to draw significant investment, especially in mining, there is growing emphasis on expanding investment into other sectors to ensure broader economic impact and sustainable growth.