Tanzania confirms US$1 billion funding commitments ahead of major investor Forum

The Tanzania International Forum for Investments which is set to showcase specific investment opportunities in key sectors including telecommunications & ICT has confirmed funding commitments amounting to US$1 billion and confirmed participation from global investors and funding institutions in control of more than US$200 billion.

The Tanzania International Forum for Investments is scheduled to take place at the Julius Nyerere International Convention Centre in Dar es Salaam, 12-14 July.

“We welcome investors throughout the world to participate in the TIFI 2016 and explore the abundant opportunities available in Tanzania, where return on investment is among the highest in Africa. Should you wish to partner with local investors, we are ready to be of service to link you with credible local companies” – Godfrey Simbeye, Executive Director, Tanzania Private Sector Foundation.

Confirmed participating companies include Credit Suisse International, Africa Finance Corporation, Nedbank, UK Climate Investments, Pembani-Remgro Infrastructure Fund, Nedbank Corporate and Investment Banking,  Intertoll Africa (Pty) Ltd, Advance Consulting, Netherlands, Letsema Consulting & Advisory (Pty) Ltd, Afriwise Consult, Development Bank of Southern Africa, Advanced Finance & Investment Group (“AFIG Funds”), Centre for the Promotion of Imports from developing countries – Netherlands, CRDB BANK PLC, ZHE Africa, East Africa Trade and Investment Hub, Kibo Mining Plc, Rand Merchant Bank, Frontier Investment Management (FIM), German International Cooperation (GiZ), Mkoba Private Equity Fund,  Kibo Capital Partners, CrossBoundary LLC, Metier Sustainable Private Equity, SME Impact Fund, MasterCard, Public Investment Corporation – Africa’s largest asset manager and many more.

The Forum aims to generate more than $4 billion in potential investments and funding commitments.

The TIFI 2016 world class programme comprises intimate highly-interactive sessions that give entrepreneurs, investors and financiers the best platform to build relationships and forge business-to-business and business-to-government partnerships.

In addition, an exhibition is planned to take place on the side-lines of the Forum to showcase selected export products and display foreign exhibitors as well to market their products. The Forum is expected to secure investment pledges and commitments, joint venture partnerships between local and foreign companies, financial arrangements, and export orders among a few of the deliverables.

This year’s Forum is set out to be the largest gathering of international investors in Tanzania. The Forum will also showcase investment opportunities in other key sectors including:

Agriculture & Agro-processing, Tourism, Energy, Manufacturing, Infrastructure, Mining, and Financial services; and is expected to attract investors and participants at decision making level, comprising local and foreign companies, heads of public institutions, and other relevant stakeholders.