UPWARDS of 60 Japanese companies are expected to share experiences with local firms as the Tanzania Investment Centre (TIC) hosts the Tanzania-Japan Infrastructure Dialogue starting tomorrow in Dar es Salaam.

Baraka Luvanda, the country’s envoy to Japan, stated at a TIC briefing yesterday that the companies bring valuable expertise from numerous projects implemented chiefly in Asia.

The dialogue is a result of the Tokyo International Conference on African Development (TICAD) held in the Kenyan capital of Nairobi last year, where Japan expressed its willingness to mobilise resources to address Africa's infrastructural challenges.

At the meeting, TIC reported a significant increase in investment project quality, capital inflows and job creation during the fourth quarter of fiscal 2023/2024 (April to June).

Gilead Teri, the TIC executive director said that the centre registered 198 projects valued at $1.619bn, expected to generate 96,278 job opportunities, a 53.1 percent increase in the number of registered projects compared to fiscal 2022/2023.

At that time 129 projects valued at $1.007bn were recorded, projected to create 14,631 jobs, in which case capital investment has grown by 60.72 percent in the outgoing financial year, he stated.

Job creation projections similarly surged by an impressive 558.04 per cent, he pointed out, noting that the figures underscore the growing confidence in Tanzania's investment climate.

They also underline the positive effects of TIC's initiatives to enhance the business environment, he elaborated, pointing at key sectors driving growth such as manufacturing, which attracted a total of $636.84m.

Similarly well performing sectors in investment attraction were commercial building, human resources, transportation and tourism, he said.

"This surge highlights Tanzania's increasing appeal as an investment destination, with key sectors contributing to economic growth and creation across the country," the director added.