Dar es Salaam: President Samia Suluhu Hassan called for stronger international partnerships and deeper economic cooperation with Africa, saying the continent's rapid transformation presents one of the world's most important investment opportunities.
He said the conversation among global investors should no longer focus on whether Africa will grow, but rather on how governments, businesses and development partners can work together to shape that growth and ensure it delivers shared prosperity.
President Samia said, “The question facing the international community is no longer whether Africa will develop or not, but who will be Africa's partner in shaping that development.”
Speaking at the 29th St. Petersburg International Economic Forum (SPIEF 2026) on Friday, President Samia said Africa is emerging as a major force in the global economy, driven by a rapidly growing population, expanding consumer markets and increased economic integration. African Continental Free Trade Area (AfCFTA).
He said the world is undergoing profound economic, technological and geopolitical changes, which require nations to strengthen cooperation and build partnerships capable of opening up new opportunities for development.
“Tanzania is positioning itself as a strategic gateway to the African market through sustained investment in infrastructure, logistics, energy, digital transformation and industrial development,” he said.
According to President Samia, Tanzania's strong economic performance, macroeconomic stability and access to a regional market of more than 500 million people in Eastern and Southern Africa make the country an attractive destination for investment and business.
He highlighted key national projects including the Standard Gauge Railway (SGR), the expansion of Dar es Salaam port and improving transport corridors and digital connectivity, saying the initiatives are laying the foundation for increased competitiveness and regional integration.
The President invited international investors to explore opportunities in sectors ranging from mining and mineral enrichment to agriculture, energy, oil and gas, manufacturing, logistics, tourism, pharmaceuticals and digital technologies.
He said Tanzania's vast reserves of critical minerals, natural gas resources and strategic geographical location offer strong prospects for long-term investment and industrial development.
President Samia also reaffirmed Tanzania's commitment to strengthening economic relations with countries around the world, including Russia, through practical cooperation, technology exchange and mutually beneficial investments.
The President's comments reflected broader discussions at the forum, where world leaders and trade officials examined ways to strengthen economic cooperation, expand trade and build resilience in an increasingly interconnected global economy.
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He said Tanzania's Vision 2050 emphasizes industrialization, innovation, productivity and private sector-led growth, with the aim of accelerating economic transformation and improving livelihoods.
“The government will continue to create an enabling environment for trade and investment while fostering partnerships that support sustainable growth and job creation.
“Tanzania is open for business. Tanzania is open for investment. Tanzania is open for innovation. And Tanzania stands ready to work with all partners who share our commitment to sustainable and inclusive growth,” he said.
President Samia returned to the country yesterday after concluding her three-day state visit.