Mwijage urges Israel to invest in pharmaceutical industry
What you need to know:
The minister made the plea on Monday, April 23, when officiating the Tanzania-Israel Business and Investment Forum (TIBIF).
Dar es Salaam. Minister for Trade, Industries and Investment Charles Mwijage has urged the Israel business community to invest in pharmaceutical industry.
The minister made the plea on Monday, April 23, when officiating the Tanzania-Israel Business and Investment Forum (TIBIF).
"Let me divulge a secret to you, if you want to invest in Tanzania, the medical industry is the only area that less competitive,” he said.
Mr Mwijage said the government is currently focusing on medical industries to save the money it loses yearly on importation of drugs.
"Set up medical industries in Tanzania, the market is there because there are over 50 million people who need medical treatment," he said, adding that they will also access markets in the East African Community (EAC) and Southern African Development Community (SADC).
