Kuala Lumpur. The Governor of the Bank of Tanzania (BoT), Mr Emmanuel Mpawe Tutuba, has held discussions with a cross-section of Malaysian investors and businesspeople in a strategic push to attract greater foreign investment into Tanzania.
During the engagement held in Kuala Lumpur, Mr Tutuba urged Malaysian investors to explore the wide range of investment opportunities available in Tanzania, citing the country’s strong economic fundamentals, political stability, and investor-friendly policies as key attributes that make it an ideal destination for foreign capital.
“Tanzania offers a secure and enabling environment for investment. Our government is committed to supporting investors who meet legal and regulatory requirements by providing full cooperation to ensure their operations succeed,” he said.
The central bank chief underscored the availability of a sizeable and youthful labour force, as well as the country’s steadily expanding infrastructure network, including roads, railways, electricity, and water supply systems, as major enablers of economic activity.
He also pointed to Tanzania’s unique geographical advantages, noting its proximity to the Indian Ocean, rivers, lakes, and mountain ranges, which collectively position the country as a natural gateway to regional markets.
Mr Tutuba encouraged investors to prioritise key sectors such as tourism, health, energy, mining, agriculture, forestry, financial services, and other industries with high economic potential.
The Malaysian delegation, led by Prof Chris Tan, expressed appreciation for Mr Tutuba’s visit and acknowledged the growing interest in forming strategic partnerships with Tanzanian counterparts.
Prof Tan said that Malaysia’s long-standing ties with Tanzania would be a strong foundation for future cooperation.
In a separate engagement, Mr Tutuba and his delegation paid a courtesy call to the Tanzanian Embassy in Malaysia, where they held discussions with diplomatic staff led by Acting Ambassador Zainab Mrutu.
Addressing embassy staff, the BoT Governor urged them to continue promoting Tanzania’s investment climate with professionalism and enthusiasm, and to provide potential investors with comprehensive information on the country’s economic opportunities.
He also encouraged the mission to actively market Tanzania’s diverse tourism attractions to help boost international arrivals, increase foreign exchange earnings, and contribute to national economic growth.
