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France has committed to invest up to $4.2 billion in Tanzania over the next five years

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France has committed to invest up to .2 billion in Tanzania over the next five years

France has committed to invest up to $4.2 billion in Tanzania over the next five years, as the former seeks to position itself as the very first European investor in the country and the reference partner of President Samia Suluhu Hassan for the achievement of the country’s modernisation and industrialisation objectives.

Ambassador of France to Tanzania Nabil Hajlaoui said the investment will cover the projects such as distribution and generation of energy with groups such as Engie, Total Energies and Maurer and Prom, transport and logistics, marine transport, water and Sanitation, telecoms and health.

France also plans to help Tanzania to mobilise European partnership instruments such as the Global Gateway Initiative….up to 300 billion euro in investment.

The primary investors to Tanzania are China, India, Kenya, United Kingdom, Mauritius, Oman, the United Arab Emirates, Canada, the United States, the Netherlands, South Africa, and Germany.

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