Tanzania Strengthens Strategic Investment Partnership with Dangote Group

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As part of Tanzania's Strategic Investment Drive, a high-level Government delegation  led by Hon Kitila Mkumbo (MP) Minister for Investment and Planning undertook a visit to Lagos, Nigeria, from 5–7 August 2026. A key engagement was a meeting with Dangote Group leadership, led by Alhaji Aliko Dangote, reaffirming the shared commitment to strengthen Tanzania–Nigeria economic cooperation. Discussions focused on expanding investment across strategic sectors, advancing industrial development, and identifying new opportunities for mutually beneficial partnerships. This engagement reflects Tanzania's commitment to fostering a conducive investment environment while building strong partnerships that drive sustainable development, regional prosperity, and shared economic success.
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The Tanzania 2021/2022 Budget: Government expenditure focuses on executing development projects


In the next budget, the Government has also allocated 449bn/- for promotion of 92,619 public employees. According to Dr. Mwigulu Nchemba, 63 percent of the budget is meant for recurrent expenditure, while 13.26tri/- will bankroll development projects. "Development budget includes 10,4tri/- (about 78,2 percent) will be sourced from internal revenue sources and 2,9tri/- (21,8 percent) will be from external sources," he said.



 Minister for Finance and Planning, Dr. Mwigulu Nchemba while tabling the 2021/22 National Budget estimates in the Parliament in the capital city, Dodoma

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