The level of FDI into Tanzania has increased each year from 2009 to 2011, according to data by greenfield investment monitor fDi Markets. FDI into the country suffered a slump in 2008, as a consequence of the global financial crisis, with a significant decrease in the number of investments, level of capital invested and the number of jobs created as a result of FDI.
There was a significant upturn in 2010, however, with the number of investments more than doubling from 12 to 25, the level of capital expenditure increasing 73% from $600m to nearly $1.1bn and the number of jobs created increasing from 1000 to more than 2600.
This growth was repeated in 2011, with increases across the three indicators compared to 2010 data. The number of investments increased by 40%, capital expenditure increased by more than 250% and the number of jobs created increased by 178%. Indeed, 2011 saw the highest level of FDI into Tanzania since fDi Markets began recording FDI data in 2003, with 35 projects, more than $3.8bn invested and more than 73,000 jobs created.
Comparing data from the first four months of 2012 with the same period in 2011, the number of FDI projects in Tanzania is up from eight to 12. The level of capital investment and the number of jobs created, however, are both down significantly.