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The United Republic of Tanzania receives a staggering $1.2 billion in foreign direct investment (FDI) during the first quarter of 2023, as per Tanzania Investment Centre (TIC) records. It shows a remarkable 52.4% increase in investment compared to the same period in 2022. This upsurge is attributed to the improving economic climate and the Government’s ongoing mega-infrastructure projects. The investment is aimed at 93 projects that are expected to generate a minimum of 16,400 employment opportunities.

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