SERVICES SECTOR

Overview

Tanzania's services sector is the largest contributor to the national economy, accounting for approximately 38–40% of GDP. The sector has expanded steadily over the past decade, driven by urbanization, rising middle-class consumption, infrastructure investment, digital adoption and regional trade integration.

Key Data

38–40% – Estimated contribution of the services sector to GDP.

62 – Banks and financial institutions licensed and operating in Tanzania.

USD 24–26 billion – Estimated banking assets at the end of FY 2024/25.

7–9% – Average annual growth in banking assets and deposits over the past five years.

58.6 million – Internet users as of December 2025.

89% – Adults with access to formal financial services.

76% – Adults actively using formal financial services.

TZS 23.99 trillion – Dar es Salaam Stock Exchange (DSE) market capitalization in 2025.

Investment Opportunities

1. ICT and Digital Economy

Investment opportunities exist in telecommunications, software development, data centres, cloud computing, cybersecurity, e-commerce, digital platforms, artificial intelligence and other technology-enabled services.

2. Financial Services

Investors can participate in banking, insurance, fintech, digital payments, microfinance, investment services, asset management and other financial technology solutions.

3. Business and Professional Services

Opportunities exist in consultancy, accounting, legal services, business process outsourcing, professional training, management services and other specialized business services.

4. Logistics and Trade Services

Tanzania offers opportunities in logistics, freight forwarding, warehousing, distribution, supply-chain management, e-commerce logistics and trade facilitation services.

5. Education and Skills Development

Investment opportunities include private schools, universities, vocational and technical training institutions, professional training centres and digital learning platforms.

6. Healthcare Services

Investors can establish hospitals, specialist clinics, diagnostic centres, pharmaceutical services, medical laboratories, health technology platforms and other private healthcare facilities.

7. Digital and Financial Inclusion

The growing use of internet and formal financial services creates opportunities for digital banking, mobile financial services, payment solutions and technology-driven services targeting underserved markets.

8. Capital Market and Investment Services

Opportunities exist in investment advisory, brokerage, asset management, securities services and other capital-market-related businesses supporting Tanzania's growing investment ecosystem.