Banking, fintech, funds, capital markets and cross-border investment
The Tanzania Investment and Special Economic Zones Authority registered 3,538 investment projects valued at USD 68.6 billion between 2021 and 2026. China ranked as the top foreign direct investment source with USD 14.1 billion, followed by the United Arab Emirates with USD 5.039 billion. Manufacturing and transport led project registrations across the five-year period.
Sharia-compliant fintech platform mamun has secured $3 million in seed funding led by Phaze Ventures. The Muscat-, Abu Dhabi-, and Hong Kong-based platform provides trade financing for SMEs across the Greater Bay Area–Oman–UAE corridor.
Sharia-compliant trade finance platform mamun has raised a US$3 million seed round led by Phaze Ventures with participation from Jasoor Ventures. The capital will expand its AI-native underwriting infrastructure across the Greater Bay Area–Oman–UAE trade corridor. Approximately 40% of the platform's settlements currently clear through Hong Kong-based entities.
Major Chinese financial institutions have emerged as leading syndicated debt providers for prominent Gulf energy operators including ADNOC, QatarEnergy, and Saudi Aramco. Analysts note Gulf state champions are deliberately tapping Chinese capital to secure narrow credit margins and diversify financing pools. In the UAE, three Chinese banks joined a consortium delivering up to USD 11 billion for ADNOC's offshore gas project.
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