DAR ES SALAAM The Tanzania Investment and Special Economic Zones Authority (TISEZA) and the American Chamber of Commerce in Tanzania (AMCHAM) signed a commercial agreement at TISEZA headquarters in Dar es Salaam on 26th February 2026. The partnership is designed to strengthen trade and investment relations between Tanzania and the United States while unlocking broader private sector opportunities in both markets.
TISEZA Chief Executive Officer Gilead Teri emphasized the importance of the United States as a long standing development partner, noting that total U.S. foreign direct investment in Tanzania currently stands at approximately USD 5 billion. “The U.S. economy thrives on a strong private sector and robust capital. Our goal is to double this level of investment in Tanzania by 2030,” Teri said.
Memorandum of Understanding (MoU) has established a significant economic goal to double the existing U.S. Foreign Direct Investment (FDI) stock. The plan aims to increase this investment from its current $5 billion to a minimum of $10 billion by the year 2030. This ambitious strategic move is designed to elevate the United States into a position among the top three investors within the country.
He further explained that TISEZA has been engaging in strategic trade discussions focused on delivering measurable results for both nations.
Connecting the initiative to Tanzania’s broader ambitions under the Tanzania National Development Vision 2050, Mchangila stated, “This collaboration is not just about investment; it is about building sustainable growth that aligns with our long-term national goals,” This is a part of a strategic plan to contribute to Tanzania’s long term economic and social development, as outlined in the Tanzania National Development Vision 2050. By linking investment initiatives to the vision 2050 goals, the collaboration aims to promote sustainable growth and ensuring that the projects contribute meaningfully to Tanzania’s future prosperity.
By encouraging local participation, Teri added, “We call on Tanzanians with viable business ideas, well prepared investment plans and projects backed by feasibility studies to seize opportunities through this partnership.”
On behalf of the chamber, Chairman Geofrey Mchangila reaffirmed AmCham Tanzania’s commitment to promoting investment in key sectors such as mining, energy, healthcare and agriculture. He described the agreement as a shared responsibility to track progress and ensure investment goals are achieved, while also expanding the network of U.S. investors operating in Tanzania.
With clear targets, strong institutional backing and a shared vision for growth, the agreement positions Tanzania to attract deeper U.S. investment and accelerate its long term economic transformation.
