Tanzania has unveiled investment opportunities worth more than 334 trillion shillings ($130bn) for the private sector, as part of an ambitious plan to accelerate economic growth over the next five years.

Speaking to business leaders in Dar es Salaam, Deputy Minister for Industry and Trade, Exaud Kigahe Kafulila, said the government’s upcoming National Five-Year Development Plan (2026/27–2030/31) is expected to cost about 477 trillion shillings. Of that, the private sector is projected to contribute the majority share.

Officials say the strategy reflects a shift towards greater public-private partnerships, particularly in key sectors such as energy, infrastructure and industrial development.

The energy sector has been identified as a priority area, with authorities aiming to increase electricity generation capacity from around 1,000 megawatts to 5,000 megawatts. This expansion is expected to rely heavily on private investment, especially through partnerships with the state-owned power utility, TANESCO.

The government says the plan is designed to unlock large-scale economic opportunities, improve productivity and strengthen Tanzania’s position as a regional economic hub. Business leaders have welcomed the move, though some have emphasised the need for clear regulatory frameworks and investor-friendly policies to attract sustained capital inflows.

Economists say the success of the initiative will depend on how effectively the government can mobilise private financing and ensure efficient implementation of large-scale projects.