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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Kagera-Based Kakono Hydropower Project Receives Funding From African Development Bank (AfDB)



Tanzania embarked on an industrialization drive towards attaining middle income economy by 2025, and achieved it in 2020. However, the Government continues to work hard to equip the economy for the targeted job creation and economic growth, which will drive and advance the industrialization process.

The Government in its bid to expand the country’s power base, a requirement for sustainable industrialization, has signed a loan agreement of $161,74million with the African Development Bank (AfDB), as part of the funds required for executing the Kagera-based kakono hydropower project. The project is estimated to cost Tsh. 700billion and will be jointly financed through loans and grants from the European Union, Agence Française de Développement (AFD) Group and AfDB.

Link: https://www.thecitizen.co.tz/tanzania/news/national/tanzania-signs-sh375-billion-deal-with-afdb-for-hydropower-project-4161250

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