Paris. Prime Minister Dr Mwigulu Nchemba has invited French businesses to invest in Tanzania, saying the country offers strong opportunities for job creation, technology transfer and industrial development.
He made the call on Monday, July 6, 2026 during the Tanzania-France Business Roundtable held at the Tanzanian Embassy in Paris.
The meeting brought together government leaders and private sector representatives from both countries to explore new investment opportunities and deepen economic cooperation.
Dr Nchemba said Tanzania and France had taken an important step by witnessing the signing of a Memorandum of Understanding between the Tanzania Private Sector Foundation (TPSF) and the International Chamber of Commerce (ICC).
He described the agreement as more than a routine partnership.
“It is a bridge that will lead us to greater achievements in the future,” he said.
The Prime Minister urged French investors to seize the opportunities available in Tanzania.
“The decisions made today will shape the future direction of our economies. Those who invest in Tanzania now will not only be part of our economic transformation but will also become valuable partners in building one of Africa’s most competitive economies for future generations,” he said.
Dr Nchemba said France possesses world-class expertise in technology, engineering, energy, infrastructure, manufacturing, finance and healthcare.
He said Tanzania complements those strengths through political stability, a strategic geographical location, abundant natural resources, competitive investment opportunities, sound economic management and a young workforce.
He said these advantages create a strong foundation for mutually beneficial and sustainable economic growth.
The Prime Minister reaffirmed the government’s commitment to maintaining a transparent, predictable and business-friendly investment environment as Tanzania begins implementing its National Development Vision 2050.
He said the government would continue protecting investments while encouraging long-term partnerships that benefit all stakeholders.
During the event, Dr Nchemba witnessed the signing of the MoU between TPSF and the ICC. TPSF Executive Director Deo Massawe exchanged the agreement with ICC Deputy Secretary-General Julian Kassum.
Earlier, Minister for Foreign Affairs and East African Cooperation Amb Mahmoud Thabit Kombo said the partnership supports the goals of Tanzania’s National Development Vision 2050, which targets a 70 percent contribution from the private sector to economic growth.
TPSF President Angelina Ngalula said Tanzania is well positioned to become a centre of economic transformation in Africa under the leadership of President Samia Suluhu Hassan.
She said France has long been an important investment partner for Tanzania, but future cooperation should focus on technology transfer, tourism, financial services and the digital economy.
“TPSF is ready to facilitate stronger partnerships between Tanzanian and French businesses,” she said.
French companies attending the roundtable represented sectors including solar energy, transport, water, construction, manufacturing, environmental services, aquaculture, satellite communications, broadband services, maritime and aviation technology, as well as specialised pipe manufacturing for the oil and gas industry.
The meeting was also attended by Minister for Minerals Anthony Mavunde, Minister for Energy Deogratius Ndejembi, Tanzania’s Ambassador to France and Permanent Representative to UNESCO Saidi Othman Yakubu, MEDEF International Chief Executive Philippe Gautier, President of the France-East Africa Business Council Celine Gouveia, and business leaders from both countries.
