By: African mining market

Tanzania continues to strengthen its investment environment and stimulate economic growth through its partnership with the African Trade and Investment Development Insurance (ATIDI), an institution that has been underwriting major public and private sector projects, including the Standard Gauge Railway (SGR). These projects are estimated to be worth approximately US$7.8 billion, a move that helps mitigate investment risks and attract both domestic and foreign capital.

Minister of Finance, Khamis Mussa Omar, said ATIDI’s contribution has strengthened the country’s investment climate and facilitated the implementation of strategic projects. He noted that the partnership is a key pillar in achieving the economic transformation targets outlined in the Development Vision 2025. He also emphasized the importance of collaboration between the public sector, private sector, and financial institutions to ensure efficient project execution and attract more investment.

Meanwhile, ATIDI Senior Official Albert Rweyemamu stated that the organization continues to provide guarantees and insurance solutions for large-scale projects, enabling investors to reduce risks and improve returns. He added that investment platforms play a critical role in mobilising capital and ensuring effective implementation of development projects.

On his part, Managing Director of the Tanzania Investment Bank (TIB), Deogratius Kwiyukwa, said ATIDI’s presence helps boost investor confidence, particularly in large strategic projects. He stressed that insurance companies and financial institutions play a crucial role in mitigating investment risks and advancing public-private partnerships (PPP) to drive economic growth.