Tanzania showcases sustainable energy potential

Dar es Salaam. Tanzania showcased its sustainable energy advancement during the inaugural Investment Summit that brought together industry leaders, policymakers, investors and innovators to chart the future of sustainable energy in the country.

The summit was organized by HBZ International and the Tanzania Association of Oil Marketing Companies (TAOMAC) to highlight investment opportunities and Tanzania’s emerging role as a regional energy hub.

Speaking during the opening of the summit, HBZ International managing director, Mr Herman Zaidin, underscored Tanzania’s progress in energy development and the sector’s attractiveness for investors.

“The energy sector is pivotal to Tanzania’s economic growth, and this summit provides an unparalleled platform to showcase the country’s advancements and opportunities,” he said.

“With the fruition of projects like the Julius Nyerere Hydroelectric Project, Tanzania is positioning itself as an energy hub in East Africa,” he said, adding that the summit is a part of a series of summits planned for 2025.

TAOMAC executive director, Mr Raphael Mgaya, echoed the sentiments, highlighting Tanzania’s strides in the energy sector and emphasizing the critical role of public-private partnerships in achieving sustainable growth.

“The summit comes at a pivotal time, aligning with Tanzania’s strategic ambitions in the regional energy market,” he noted.

The director of Ansync Global, a logistics company, Mr Al Shiddiq, expressed positive sentiments for Tanzania as a sustainable and sound investment destination for international companies.

The summit featured several sessions that provided an opportunity to discuss key issues such as the importance of collaboration between the public and private sectors in advancing sustainable investments.

“This summit has offered an invaluable platform for dialogue and collaboration across the energy sector. The engagement here has been inspiring, and we’re optimistic about the partnerships formed today shaping Tanzania’s energy future,” said Mr Mgaya.