By Salha Mohamed, Dar es Salaam – Tanzania
In an effort to reduce the high rate of unemployment and increase investment opportunities for youth, the Government is set to establish a special center to serve and empower young investors—the Youth Investors Resource Centre.
This was revealed by the Minister of State in the President’s Office, Planning and Investment, Prof. Kitila Mkumbo, while speaking to journalists today in Dar es Salaam. The briefing aimed at outlining the Government’s policy and operational direction through the Ministry of Planning and Investment for the next five years.
He said that within the next five years, the Government will establish a special program to enable young investors to design and initiate industrial investments across the country.
“To begin with, we will allocate areas where youth who have graduated from universities and technical colleges will be given land to invest in industries,” he said.
He added that the program will include training, support in land allocation, linking them with machinery and raw-material suppliers, and connecting them with banks that cooperate with TISEZA, including Azania Bank, TCB, and CRDB.
“We are allocating special investment zones for youth in Dodoma (Nala – 100 acres), Pwani (Kwala – 20 acres), Mara (Bunda – 100 acres), Ruvuma (Songea – 100 acres), and Bagamoyo in Pwani (20 acres),” he said.
He noted that the program will be launched alongside the Youth Empowerment Centre before the end of this year.
Prof. Mkumbo further stated that the Government intends to expand the services of the Tanzania Investment and Special Economic Zones Authority (TISEZA) to reach every region by 2028.
“Each region will have a special center for promoting and facilitating investment, in line with President Samia Suluhu Hassan’s directive to bring services closer to all citizens.
“We will collaborate with our colleagues at TAMISEMI to coordinate and ensure these services reach everyone nationwide,” he said.
He added that in partnership with the private sector, industrial investment infrastructure will be constructed across the country.
“In this area, TISEZA will enter into public–private partnerships to construct industrial shades that will be leased at affordable rates to any Tanzanian wanting to invest in manufacturing.
“This plan will reduce the cost of investment and enable Tanzanians to benefit from the economic transformation taking place nationwide. This step will increase economic opportunities and raise individual income levels,” he stressed.
He said the Government will continuously design and introduce new investment incentives to strengthen the country’s investment climate and enhance Tanzania’s global appeal to investors.
He further noted that to continue improving the business and investment environment, the Government is finalizing preparations for a new strategy—MKUMBI II—which will be launched before the implementation of Vision 2050 begins on July 1, 2026.
