- Tanzania's investment surged by 120% in just one month, reaching Sh2.33 trillion in August.
- The report reveals a substantial increase in both the value and number of investment projects.
- The report also highlights the positive impact on employment, as 25,700 are expected.
Tanzania’s investment soared by a staggering 120% in just one month, with the agricultural sector at the helm of this exponential growth.
This is according to the latest report by the Tanzanian Investment Center, which disclosed that the value of investment projects in the East African country rose from Sh1.06 trillion in July to Sh2.33 trillion in August this year.
The same report also showed that the number of projects rose from 40 in July to 58 in August. Agriculture sits at the centre of this rapid growth, as investment funds allocated to this sector grew by more than Sh275.53 billion in the period under review.