Two Foreign Firms Sign MoU for Port Improvements in Tanzania

The Tanzanian government continues to improve the investment and trade environment in the country. Two foreign firms have signed a memorandum of understanding (MoU) for the implementation of strategic joint investments in end-to-end logistics infrastructure and solutions, which include rail, maritime services, port operations, digital services, an industrial zone, and the establishment of maritime academies in Tanzania. The two companies are the UAE based AD Ports Group and India’s Adani Ports and Special Economic Zone (APSEZ).

These investments form part of a broader effort to transform Tanzania into an international logistics hub for East Africa. Tanzania's freight sub-sectors are expected to post "healthy" growth rates in the short to medium term, with total trade growth projected to expand by more than 10 percent in 2022 as the easing of COVID-19 restrictions encourages imports.