Economy

President Samia appoints Teri as head of newly-formed investment authority

Mr Teri, an experienced economist and former executive director of TIC, is expected to spearhead the operationalisation of Tiseza and oversee the transformation of Tanzania’s investment landscape under a unified framework

Dar es Salaam. President Samia Suluhu Hassan has appointed Mr Gilead John Teri as the first Director General of the newly-established Tanzania Investment and Special Economic Zones Authority (Tiseza), a body formed through the recent merger of the Tanzania Investment Centre (TIC) and the Export Processing Zones Authority (EPZA).

According to a statement issued by the Director of Presidential Communications, Ms Sharifa Nyanga, the appointment was announced in Zanzibar on July 1, 2025, following the enactment of the Investment and Special Economic Zones Act, 2025.

The statement noted that the appointment was made in accordance with an official communication from Chief Secretary Ambassador Dr Moses Kusiluka.

The establishment of Tiseza is part of broader government reforms aimed at harmonising investment facilitation and enhancing efficiency in the management of special economic zones.

The new authority is expected to streamline investment services under a single entity, eliminating duplications and fostering a more coordinated approach to attracting both domestic and foreign investment.

The new law, enacted earlier this year as Act No. 6 of 2025, provides for the consolidation of all mandates previously held separately by TIC and EPZA.

These included promoting and facilitating investment, managing economic zones, and supporting export-oriented manufacturing.

Mr Teri, an experienced economist and former executive director of TIC, is expected to spearhead the operationalisation of Tiseza and oversee the transformation of Tanzania’s investment landscape under a unified framework.

Analysts view the creation of Tiseza as a strategic move to position Tanzania as a competitive destination for investors by reducing bureaucratic hurdles, strengthening institutional coordination, and aligning national investment promotion efforts with global best practices.

The reforms are also in line with President Samia’s broader economic agenda to boost industrialisation, promote innovation, and drive inclusive growth by creating a more conducive business environment.

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