Chinese delegation in Tanzania to explore business opportunities

Dar es Salaam. A delegation of businesspeople from Hong Kong, the People's Republic of China, has visited Tanzania to explore various investment opportunities in Tourism, Agriculture, Health and Industrial sectors, to mention a few.

The delegation, which consists of seven representatives of Chinese business communities, is in the country since February 10. During their stay, they had the opportunity to hold talks with managements of various relevant investment authorities including Tanzania Investment Centre (TIC) and the Export Processing Zone Authority (EPZA) to discuss issues related to investments.

"We are delighted to receive detailed information about the investment opportunities in Tanzania. I can assure you that we will come back to invest in the agro-processing factories, particularly the cashew nut processing industries," said Jessica So, a delegation member, during their visit to the TIC on Tuesday, February 12, 2019.

At TIC,  the Chinese delegates held a meeting with the minister of State in the Prime Minister's Office, responsible for Investment, Ms Angellah Kairuki. Among others, the minister reaffirmed the government's commitment to create a conducive environment to enable domestic and foreign investors to explore various investment opportunities and establish businesses.

"The government is determined to provide requisite incentives in order to make sure such proposed investments become successful," promised Ms Kairuki.

Among other participants, the meeting was also attended by TIC top officials including executive director Geoffrey Mwambe and John Mnali, the director of Investment Promotion.

Referring to the rapid increase in Foreign Direct Investments (FDIs) in Tanzania, the minister pointed out that it would create direct and indirect jobs to Tanzanians and foster the country's socioeconomic development through foreign exchange.