Tanzania has skilled a exceptional surge in funding initiatives throughout the first half of 2024, registering 409 initiatives valued at $3.09 billion. This represents a big enhance from the earlier yr, with the Tanzania Funding Centre concentrating on 293 extra initiatives than have been achieved within the 2023/24 fiscal yr. Of the 409 initiatives, 385 are new, whereas 24 are slated for additional growth. International buyers initiated 185 of those initiatives, whereas Tanzanians led 165. The remaining 59 are joint ventures between native and international buyers. The manufacturing sector dominated with 196 initiatives price $1.42 billion, adopted by transportation with 68 initiatives valued at $570.55 million, and business buildings at $501.9 million. The tourism sector additionally noticed 40 initiatives price $225.44 million, alongside investments in human assets, well being, schooling, and power.
SOURCE: THE CITIZEN