Tanzania changes PPP law to attract investment
New legislation allows public-private partnerships to resolve disputes through international bodies.
Tanzania has amended its Public-Private Partnership (PPP) law to encourage investor participation in development projects. The changes also establish a framework for resolving investment disputes through international arbitration. PPP Centre Executive Director David Kafulila announced on social media that these amendments are part of efforts to strengthen the country's investment climate.
Kafulila, appointed PPP Commissioner in 2023, oversaw the legal revisions under the Ministry of Finance. Key changes include permitting international dispute resolution forums, such as the International Centre for Settlement of Investment Disputes (ICSID), to hear investor cases. This aligns with President Samia Suluhu Hassan's directives for policy and institutional reforms aimed at improving the investment environment.
The move also supports Finance Minister Balozi Omary Khamis's call for comprehensive economic reforms to meet the goals of the National Development Vision 2050. These legal adjustments are intended to create a more predictable and secure environment for both local and foreign investors engaging in the nation's development initiatives.
Why it mattersInvestors in Tanzanian development projects will now have access to international bodies for dispute resolution.