Report: European Investment in Tanzania
This investment study draws on available data to showcase the number, nationality and location of European companies invested across all key sectors of the Tanzanian economy. As the study’s findings reveal, EU+SN 2 investors have made a transformational impact in Tanzania in terms of job creation, innovation and their contribution to tax revenue and economic growth. The study not only maps existing European investment in Tanzania but also provides a baseline to support future investment by EU+SN companies and to measure progress in addressing business environment challenges going forward.3 Historically, the EU+SN and the United Republic of Tanzania have enjoyed a robust economic relationship based upon steadily growing investment and trade, and strong diplomatic ties. The EU+SN is a preeminent trading partner as European markets are increasingly open to Tanzanian produce, and as this study demonstrates, jointly, EU+SN trading partners account for a larger share of foreign direct investment in Tanzania than any other trade group. The total flow and stock of European FDI is rising consistently year-on-year as a wide range of EU+SN companies choose to start or expand new business operations in the country.