TANZANIA: GOVERNMENT LOOKS TO FOREIGN INVESTORS TO CURB FOREX SHORTAGES

   Fri, 18 August 2023

Tanzania’s government is signing scores of investment agreements with foreign companies, hoping that accelerated foreign direct investment will assuage shortages of foreign exchange. The central bank has already intervened to curb a shortage of dollars and safeguard the stability of the financial system. Meanwhile, the government is signing large investment deals, most recently with Emirati companies and institutions in the ports and energy sectors. However, allegations of political repression and intimidation of critics of such investment deals bode ominously for the country’s political climate towards the 2025 elections.

Pangea-Risk Insight is a specialist country risk solution to forecast threats and opportunities in emerging and frontier markets.

Powered by our proprietary forecasting methodology, Insight offers market-tested country risk intelligence and ratings on a customised technology platform.