Tanzania Reports Continued Economic Growth Amid Global Challenges

Since President Samia Suluhu Hassan took office in March 2021, Tanzania has demonstrated economic resilience, rebounding from the pandemic with projected growth rates of 5.6% in 2024. Significant policy adjustments have been implemented to improve the business environment, attracting foreign investment that rose from $943.8 million in 2020 to $1.65 billion in 2023. Additionally, the newly updated National Land Policy aims to modernize the country's mapping systems for the first time in nearly 50 years, facilitating better land management and urban planning through advanced surveying technologies. These initiatives are designed to address demographic changes and enhance development coordination among public entities. The government’s focus on infrastructure projects like the Standard Gauge Railway and the expansion of Dar es Salaam Port further supports the nation's economic growth. Overall, Tanzania's strategic moves reflect a commitment to sustainable development amid global uncertainties.