Dar es Salaam. President Samia Suluhu Hassan has received a delegation from the Danieli Group, a global steel technology and engineering leader.
The company expressed interest in exploring potential investment in Tanzania’s steel sector.
The delegation, accompanied by the Ambassador of Italy to Tanzania, Giuseppe Sean Coppola, presented preliminary plans for a modern, large-scale steel plant in Mtwara.
The project would be in partnership with a Tanzanian private sector entity.
This engagement follows earlier discussions during the Tanzania–Italy Business and Investment Forum and subsequent consultations with Tanzanian institutions, including the Tanzania Investment and Special Economic Zones Authority and relevant ministries.
The proposed project remains at an exploratory stage.
Its estimated cost is EUR 1.5 billion (about Sh4.2 trillion) and would be implemented in phases, subject to assessments and approvals.
President Samia welcomed the interest.
She highlighted Tanzania’s commitment to facilitating strategic investments that support national priorities.
“Tanzania continues to position itself as a competitive and reliable investment destination,” she said.
“We welcome partnerships that add value to our resources, create jobs, and contribute to our long-term vision of building an industrial economy.”
Ambassador Coppola noted that the discussions reflect growing economic cooperation between Tanzania and Italy.
He referenced the Mattei Plan for Africa, aimed at promoting sustainable and mutually beneficial investments.
Danieli Group CEO, Giacomo Mareschi Danieli, outlined the company’s strategic rationale.
“Tanzania has strong potential, with natural resources, a growing market, and a strategic regional position,” he said.
“We aim for long-term partnership, bringing advanced and environmentally responsible technology, while developing local skills and sustainable industrial capacity.”
If realised, the investment could boost domestic steel production, reduce imports, add value to local resources, create jobs, and position Tanzania as a regional steel hub.
It could also support infrastructure and logistics development along the Mtwara corridor.
President Samia reiterated the government’s openness to credible investors who bring capital, technology, skills, and long-term commitment.
The meeting underscored Tanzania’s continued attractiveness as an investment destination and the shared goal of promoting sustainable economic growth.
