Tanzania and Namibia signed four cooperation agreements during a state visit by Namibian President Netumbo Nandi-Ndaitwah. The agreements focus on trade, small and medium enterprises, defence, and municipal cooperation. Both countries aim to enhance cooperation across various sectors and strengthen trade and investment links by increasing private sector participation.

During official talks at State House in Dar es Salaam, Tanzania’s President Samia Suluhu Hassan and Namibia’s President Dr. Netumbo Nandi-Ndaitwah pledged to strengthen economic partnerships between their countries. This commitment was made during Dr. Nandi-Ndaitwah's three-day state visit to Tanzania, which began on June 19, 2026.

Tanzania's 2026/27 budget is set at TZS 62.33 trillion (USD 24 billion), reflecting a 10.3% increase from the previous year. The budget aims for a 6.3% GDP growth, with 74.2% of funding sourced from domestic revenue as grants decrease by 39.1%. Key measures for investors include reducing the deemed profit-distribution tax from 30% to 15%, a one-year income tax holiday for new businesses, and VAT exemptions on specific sectors.

According to Daily News, global investors are increasingly choosing Tanzania as a strategic investment destination due to its political stability, access to regional markets, abundant resources, reliable infrastructure, and a supportive government. These factors are seen as more significant than just tax incentives, making Tanzania an attractive option for international manufacturing companies.

Tanzania's Planning and Investment Budget for 2026/27, amounting to TZS 144.85 billion, aims to support a new National Investment Policy and establish five strategic Special Economic Zones (SEZs) to attract over TZS 797 billion. The budget also targets making Tanzania a leading vehicle producer in Africa by 2030 and includes the creation of Youth Industrial SEZs across six regions. Ongoing flagship projects include Hengya Cement, Airtel's 5G rollout, and Songea Sukari's sugar complex.

The Tanzania Private Sector Federation (TPSF) and the Confederation of Tanzania Industries (CTI) have expressed support for the business and tax reforms included in Tanzania's 2026/27 Budget, which feature faster VAT refunds, investment incentives, and regulatory simplification. However, they emphasized that to meet the Tanzania Development Vision 2050 goal of becoming a USD 1 trillion economy, the country's economic growth must exceed the projected 6.3% in 2026, reaching over 10% annually.