Tanzania experienced a significant increase in foreign direct investment (FDI) in 2024, rising by 28.3 percent to $1.72 billion. This represents a substantial jump from the $1.34 billion recorded in 2023. The announcement was made during the presentation of the 2026/27 National Development Plan and the State of the Economy Report to Parliament. This growth positions Tanzania as a leading investment destination within Africa. The report highlights the country’s continued economic progress and attractiveness to foreign investors. Details of the specific sectors driving this increase were not immediately available. This positive trend suggests continued economic momentum for Tanzania.