The government pledged to enact investment-friendly laws to support Vision 2050, aiming to raise GDP from $80 billion to $1 trillion by 2050. Treasury Registrar Nehemiah Mchechu said the reforms will enhance public sector efficiency, boost domestic revenue from 4% to 10%, and foster collaboration with the private sector. Officials highlighted improved contract management, streamlined PPPs, and robust legal frameworks as key to attracting investors and increasing returns from public investments.

Tanzania’s FUNGUO Innovation Programme expanded its catalytic funding to TZS 6.5 billion (about $2.65 million), supporting 13 new startups and bringing the total number of supported ventures to 74. Implemented by UNDP and funded by the EU, UK, and Finland, FUNGUO targets early-stage businesses, particularly those led by youth and women. The program aims to bridge funding gaps, foster job creation, and build a more inclusive and resilient innovation ecosystem in Tanzania.

Tanzania Petroleum Development Corporation (TPDC) reported that the East African Crude Oil Pipeline (EACOP) reached 70% completion, with 946 km of welding done. TPDC Chairman Ombeni Sefue said the $5 billion project remains on track for July 2026, despite activist opposition. Over 200 Tanzanian companies hold contracts, creating 9,000 jobs. The project has generated TZS 70 billion in government revenue, built replacement homes, upgraded roads, and implemented water and health infrastructure along the pipeline corridor.

Tanzania is advancing the construction of Msalato International Airport in Dodoma to establish it as a regional air transport hub for the Great Lakes region. The project has reached 95.95% completion for infrastructure and 63% for buildings. The airport will include a terminal with 1.5 million passenger capacity, support large aircraft, and offer cargo and emergency services. Officials aim to boost trade, tourism, and investment while improving regional connectivity and economic growth.

Tanzania is expanding digital access in agriculture through two major initiatives. A new platform by the Tanganyika Farmers’ Association and Polish firm Defood connects over 10,000 farmers to European markets, cutting out middlemen. Meanwhile, the ACCELERATE Project, led by Bioversity International and CIAT, supports digital adoption among grain traders and processors. Despite recognized benefits, adoption remains low due to infrastructure, literacy, and cost challenges, prompting calls for localized training and supportive policies.