Tanzania’s president Samia Suluhu has revealed that her country has witnessed a sharp increase in the number of investors due to the ongoing protests in Kenya.
Suluhu has in an undated video which surfaced today claimed that investors are fleeing Kenya and rushing to Tanzania because of the stability enjoyed in the country.
“Mkurugenzi was Kituo Cha Wekezani Tanzania anahojiwa kwenye TV akasema mwezi May na June tumepokea wawekezaji kiasi hatujawai pokea na thamani ya uwekezani iliyokuja ni hii. Lakini ukitazama sababu ni kwanza kwa jirani kunawaka moto na mwekezaji hakai kwenye kuwakomoto. Wanakimbia wanakuja zao kwenye amani na utulivu (The Director of Tanzania Investment Institute recently stated on TV that since May the country has received the largest number of foreign investors because of the protests in Kenya. Investor fear violence,” Suluhu said.
She further explained that political instability will definitely lead to a negative impact on the economy, and many businesses will be forced to close due to the unpredictable nature of the country.
“When asked why the country was having such unusual investment booms, he explained that the country had received more investments in May and June 2023 because of the ongoing chaos among our neighbours.
“We have never received so many investors like the number that we got in the two months. These investments have led to massive growth opportunities for our people,” Suluhu noted.
Suluhu lauded Tanzanian Investment Centre’s strategic plan which is intentionally geared towards creating a powerful gateway into the East African Community.
“This is a lesson for us to learn that investments can only be attracted by nations that are peaceful like our country. We must know the importance of peace.
“We must be prepared to welcome investors who are looking for a safe and stable place to do business. We have a lot to offer, including a young and growing population, a stable political environment, and a strategic location,” Suluhu stated.
