DAR ES SALAAM, Tanzania
China has emerged as a leading source of foreign direct investment (FDI) in Tanzania, significantly contributing to the country's development, officials said Wednesday.
The remarks were made at the
closing session of a one-day China-Tanzania Investment Forum and China
(Jinhua)-Tanzania Trade and Investment Promotion Conference in the port city of
Dar es Salaam.
Tausi Kida, the permanent
secretary in the President's Office responsible for Planning and Investment,
said that from January 2021 to December 2023, the Tanzania Investment Center
registered 256 Chinese projects worth about 2.5 billion U.S. dollars. The top
five sectors for these projects were manufacturing, commercial building,
agriculture, transportation and services.
Tanzania has made significant
strides in improving the investment climate culminating in tangible
achievements, including the attraction of more than 11 billion U.S. dollars in
projects led by Chinese investments, creating more than 114,726 jobs, said Angelina
Ngalula, chairperson of the Tanzania Private Sector Foundation.
Chinese Ambassador to Tanzania
Chen Mingjian commended the Tanzanian government's determination and proactive
measures in attracting investment and promoting economic development. "We
are confident in Tanzania's future development prospects."
Zhu Chonglie, secretary of the
Communist Party of China Jinhua Municipal Committee, emphasized the
traditionally friendly relations between China and Tanzania. He said that the
forum aimed to contribute to building a closer high-level China-Africa community
with a shared future.
In closing the forum,
Tanzanian Vice President Philip Mpango highlighted China's long-standing role
as a leading strategic investor and major trading partner of Tanzania. He noted
that the growing FDI and trade indicate that Tanzania is a rewarding investment
destination for Chinese investors.
During the forum, four
memoranda of understanding were signed between Chinese and Tanzanian
enterprises, as well as between Chinese and Tanzanian public institutions.
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