• About Us
  • Contact
Wednesday, June 7, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Economic

Dar among best investment destinations, attracts $1.2 billion projects in Q1, 2023

by Editor
11/04/2023
in Economic, Investment
0
Dar among best investment destinations, attracts $1.2 billion projects in Q1, 2023
Share on FacebookShare on Twitter

Tanzania continued to be among the best investment destinations after attracting investments worth $1.2 billion from 93 projects in the first three months this year expected to generate more than 16,400 job opportunities.

According to investment registration at the Tanzania Investment Centre (TIC), the investment is an increase of 48.9 percent as compared to 4787.4 million recorded in 2022 and it is 160 percent increase when compared to $450.6 million of approved investments in the same period in 2021.

 “Massive investments came from domestic sources, which contributed $ 887 million or 76 percent of the total approved investments, while the foreign sources contributed $276 million or 24 percent,” according to the TIC Monthly Bulletin for March, 2023.

Tanzania continued to be among the best investment destinations after attracting investments worth $1.2 billion from 93 projects in the first three months this year expected to generate more than 16,400 job opportunities. PHOTO | COURTESY.

A positive investment growth in the Third Quarter of the financial year 2022/2023 was mainly driven by the robust performance of the construction commercial buildings sector that soared by recording an impressive investment worth $333. 2 million compared to $2. 3 million in the Third Quarter of 2021/2022.

Tags: #LatestBusinessNews#LatestTanzaniaBusinessNews#LatestTBWNews#TanzaniaBusinessNews
Editor

Editor

Next Post
MasterCard to do away with 168 million plastic cards by 2028

MasterCard to do away with 168 million plastic cards by 2028

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Wed, 7 Jun.

Recommended

NMB Bank’s Jasiri Bond disburses 30.7bn/- to women MSMEs

NMB Bank’s Jasiri Bond disburses 30.7bn/- to women MSMEs

8 months ago
Visa pledges to invest $1bn in Africa as it eyes digital payments boom

Visa pledges to invest $1bn in Africa as it eyes digital payments boom

6 months ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili