Tanzania Identifies Five Investment Opportunities for Russian Businesses

Tanzanian President Samia Suluhu Hassan has identified five significant investment opportunities for Russian businesses, aiming to leverage global economic shifts to attract international investors to strategic sectors. Speaking at the 29th St. Petersburg International Economic Forum (SPIEF 2026) in Russia, President Hassan emphasized Tanzania's readiness to utilize global economic changes for growth.

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Africa is destined to grow and make strides. The big question is, under what conditions will it grow, in cooperation with which partners, and using which development model?

"Africa is destined to grow and make strides. The big question is, under what conditions will it grow, in cooperation with which partners, and using which development model?" Hassan stated, positioning Africa as a continent with immense potential for workforce growth. She specifically highlighted the Bagamoyo Special Economic Zone as a prime project seeking international collaboration. Additionally, she mentioned ongoing development at the Mangapwani Port in Zanzibar, where feasibility studies are complete and partners are invited to invest.

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The Bagamoyo Special Economic Zone is the number one project for which we are welcoming international companies to partner with us.

The president also pointed to Tanzania's rich mineral resources, including uranium, nickel, graphite, and helium, as areas for investment. Hassan expressed a goal to transition from being a raw material producer to a manufacturer of finished goods, inviting partners to invest in industries that will add value to these minerals. In the tourism sector, she noted Tanzania's global recognition, with Serengeti National Park having recently won an award for being Africa's leading park. To further attract Russian tourists, Tanzania has launched a direct flight service from Dar es Salaam to Moscow, with the first flight scheduled for July 2.

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We aim to move from being producers of raw materials to producers of finished goods. We welcome partners to invest with us in industrial areas that will provide a real translation of the benefits of minerals.

Hassan further outlined priorities in the agricultural sector, focusing on enhancing domestic fertilizer production to meet national demand. Recognizing Russia as a major global fertilizer supplier, Tanzania seeks partnerships in this area. The president aims to increase Russian tourist arrivals to 500,000 by 2030, with a long-term goal of reaching one million.

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The first flight is expected to start its journey on July 2 this year. We aim to increase tourists from Russia to reach 500,000 by 2030 and later one million.