TPSF Policy Note Urges Tanzanian Private Sector to Shift from Trading to Investment as FDI Hits USD 1.72 Billion in 2024

The Tanzania Private Sector Federation (TPSF) has released a Strategic Policy Note urging local entrepreneurs to transition from trading into productive investment, as Foreign Direct Investment inflows into Tanzania reached a record USD 1.72 billion in 2024, a 28.3% increase year-on-year. The note argues that Tanzanian entrepreneurs must move beyond importation into local manufacturing and value addition, targeting sectors where Tanzania holds a competitive advantage, namely agro-processing, textiles, construction materials, and pharmaceuticals.