UK Reveals $450m Plan to Develop Business and Trade in Tanzania

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The UK government has announced that it will be investing $450 million to strengthen business and trade, creating more jobs and building a more secure and prosperous Tanzania.

It will also go towards improving education and health services; providing access to clean water; and fighting organized crime in the East African country.

“As a key investor and development partner, the UK is committed to supporting the Government of Tanzania to boost economic growth and investment; improve the quality of basic services, and fight organized crime and corruption,” the UK Minister of State for Africa, Rory Stewart MP said.

Stewart was in Tanzania to discuss how the UK and the country can work together for shared future prosperity with President John Magufuli.

He also visited UK government-funded projects including where it is strengthening trade and infrastructure at the Port of Dar es Salaam and Songas Power Plant; and also held meetings with the country’s business community and civil society leaders and the youth.

Stewart reaffirmed the UK’s support to investing in Tanzania’s youth whom he termed the key to unlocking Tanzania’s potential.

The funds will be rolled out over the next three years.

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