Tanzania is gauging investor appetite for its first international bond sale in more than a decade, holding a non-deal roadshow in London on Wednesday. The East African nation aims to tap global capital markets after a prolonged absence, signaling renewed confidence in its fiscal trajectory.

The roadshow represents a critical step toward a potential Eurobond issuance, allowing officials to assess pricing, demand, and tenor preferences among institutional investors. Tanzania last accessed international bond markets in 2013, when it raised $600 million via a debut sovereign bond.

Success would diversify financing sources beyond concessional loans and domestic debt, supporting infrastructure and budget needs. However, the government faces scrutiny over debt sustainability, with the IMF urging prudent borrowing. Investor feedback from the London meetings will shape the timing, size, and structure of any forthcoming offer.