The Tanzania Investment Centre (TIC) has recorded a historic milestone in 2024, registering 901 investment projects—the highest number since the centre’s establishment in 1997. This marks a 71% increase compared to the 526 projects recorded in 2023.

The surge in investment activity is attributed to key reforms, including amendments to the Investment Act No. 10 of 2022, which lowered the minimum investment threshold for domestic investors from USD 100,000 to USD 50,000. This move significantly broadened opportunities for local participation in the investment landscape.

Additionally, the successful implementation of the National Investment Campaign, which reached all 26 regions of Mainland Tanzania, played a critical role in mobilizing both domestic and foreign investors.

TIC’s record-breaking performance in 2024 reflects growing investor confidence and the impact of pro-business policies aimed at making Tanzania a more attractive investment destination.