The proposal was presented at a high-level meeting in London between Tanzania’s Minister of State in the President’s Office for Planning and Investment, Kitila Mkumbo, and senior executives of SinoAm LLC.
SinoAm’s chairman, Najib Choufani, said the fund plans to deploy the capital in phases, primarily through PPP arrangements, in line with the development priorities of President Samia Suluhu Hassan’s administration.
He said the firm had carried out an assessment of Tanzania’s investment climate and identified what it described as commercially viable, high-impact opportunities aligned with the country’s long-term development agenda.
Priority areas include the construction and operation of toll expressways, development of standard gauge railway (SGR) projects, and investments in transport and energy infrastructure aimed at accelerating economic growth and enhancing Tanzania’s competitiveness as a regional hub.
“Tanzania’s strategic location, economic growth trajectory and commitment to infrastructure-led development make it an attractive destination for long-term institutional capital,” Choufani said.
SinoAm’s chief executive officer, Tarek Choufani, said the firm brings international experience in financing, developing and managing large-scale infrastructure projects, and would complement capital investment with technical expertise, modern project management systems and global best practices.
“Our focus is on partnering with governments and local stakeholders to structure bankable projects that deliver both commercial returns and lasting social and economic benefits,” he said.
Mkumbo welcomed the expression of interest, saying Tanzania has continued to strengthen its business and investment environment to attract global investors, particularly in strategic sectors such as infrastructure, energy and industry.
He cited political stability, consistent macroeconomic policies and ongoing investor-friendly reforms as key factors underpinning investor confidence, and said the government sees PPPs as a central financing tool for closing infrastructure gaps, supporting industrialisation and creating jobs.
The London meeting is expected to be followed by technical consultations to identify specific projects and move the proposed investments towards implementation, officials said.
Notes to Editors
· SinoAm Global Fund is a US-based investment firm specialising in large-scale infrastructure and strategic investments through public-private partnership (PPP) models.
· The fund has indicated interest in investing up to $5 billion in Tanzania, subject to project identification, feasibility studies and government approvals.
· Proposed investments would be deployed in phases and aligned with the development priorities of President Samia Suluhu Hassan’s administration.
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