Egypt has announced plans to ramp up its investments in Tanzania, targeting critical sectors such as technology, education, health, agriculture, and infrastructure, in a move aimed at strengthening the long-standing relationship between the two nations.
The announcement was made during a two-day official visit by Egypt’s Minister of Foreign Affairs, Dr. Badr Abdelatty, who was accompanied by more than ten prominent Egyptian business leaders.
A major highlight of the visit was the discussion on the official launch of the Julius Nyerere Hydropower Dam, a multi-billion-dollar project now 99.9 percent complete. The dam is expected to significantly boost Tanzania’s energy capacity and serve as a catalyst for regional development.
Egyptian President Abdel Fattah el-Sisi is expected to attend the inauguration of the project, which both countries describe as a symbol of African cooperation.
“We hope the relationship between Egypt and Tanzania will serve as a model of brotherhood and collaboration among Nile Basin countries,” Dr. Abdelatty told reporters on March 19, 2025.
Currently, Egypt ranks as Tanzania’s eighth-largest foreign investor, with cumulative investments of $1.367 billion creating around 3,800 jobs. However, both nations agree there is room for greater economic collaboration.
Tanzania’s Minister for Foreign Affairs and East African Cooperation, Mr. Mahmoud Thabit Kombo, emphasized the strategic nature of the discussions, noting that the two countries are laying the groundwork for expanded economic ties.
“This is more than just trade. We are building on a historic relationship with a shared vision for the future,” he said.
Dr. Abdelatty reaffirmed Egypt’s commitment to the Julius Nyerere project, describing it as a blueprint for future African partnerships. He also praised President Samia Suluhu Hassan’s efforts in creating a favorable investment climate, which has sparked growing interest from Egyptian entrepreneurs and SMEs eager to explore opportunities in Tanzania.
“The time is right to expand our partnership. The potential between our two nations is vast, and this visit marks a crucial step toward tapping into it,” said Mr. Kombo.
Egypt also reiterated its dedication to supporting Tanzania’s healthcare sector as part of its broader investment plans.