Tanzania has invited Russian investors to explore partnership opportunities with its private sector as the country positions itself to maximise economic gains from the upcoming Africa Cup of Nations.
According to africa.businessinsider.com, the initiative aims to attract foreign capital into tourism, hospitality and infrastructure projects linked to the continental tournament, as Tanzania seeks to expand its global visibility and sports tourism footprint.
Beyond athletics, Tanzanian authorities emphasized the potential for strategic partnerships across sectors, including mining, energy, technology, manufacturing, and education.
Dr. Pius Chaya, Deputy Minister, President’s Office for Planning and Investment, made the call for partnership on Friday in Arusha at the opening of the Tanzania- Russia Business and Investment Forum.
“We invite Russian investors to partner with Tanzania’s private sector in projects linked to Afcon 2027, and the country’s wider economic transformation agenda,” the minister stated.
READ: Africa: Tanzania Targets Multi-Billion Dollar Tourism Gains Ahead of 2027 Afcon
As seen in The Citizen, the Minister also revealed that Tanzania is well-positioned for such partnerships, given its current economic reforms aimed at attracting more foreign investment and developing infrastructure.
He further asserted that the active involvement of Russian enterprises in the proceedings signifies a heightened confidence in Tanzania’s economic prospects and its trajectory for long-term growth.
To facilitate this growth, the government has strengthened its investment support frameworks, notably the Tanzania Investment and Special Economic Zones Authority (Tiseza) and its integrated One Stop Facilitation Center, to streamline processes for both domestic and international investors.
Prof. Kitila Mkumbo, the Minister of State in the President’s Office for Planning and Investment, noted that while Tanzania and Russia maintain long-standing diplomatic relations, there is a strategic necessity to transition these ties into tangible economic advantages.
“What we need now is to transform our excellent political and diplomatic relations into real economic outcomes for our people,” he said.
The professor added that Tanzania is one of the nations having substantial resource richness, including gold and vital minerals, citing World Bank evaluations.
About a third of Tanzania’s more than 44 million hectares of arable land are currently under cultivation, according to Prof. Mkumbo, providing significant space for investment in food production and agro-processing.
“The world needs more food than ever before, and Tanzania has the potential to feed Africa and beyond through cooperation with experienced Russian companies,” he said.
Prof. Mkumbo urged more access for Tanzanian agricultural, fishery, and mineral products in the Russian market and argued that Tanzanian businesses should explore potential with Russia.
