Sino-American fund targets $5bn investment push in Tanzania
The Minister of State in Presidentís Office (Planning and Investment), Prof Kitila Mkumbo (centre), poses for a group photo with officials from the international investment fund Sino American Global Fund (SinoAm LLC), including its Chief Executive Officer, Mr Tarek Choufani (second left) and the fundís Chairman, Mr Najib Choufani (second right). On the left is Tanzaniaís Ambassador to the United Kingdom, Mr Mbelwa Kairuki, while on the right is the Permanent Secretary in the Ministry of State in the President’s Office (Planning and Investment), Dr Tausi Kida. PHOTO | COURTESY
Dar es Salaam. Tanzania could attract up to $5 billion (about Sh12.7 trillion) in strategic investments after the Sino-American Global Fund (SinoAm LLC) signalled readiness to support large-scale projects following high-level talks in London.
The indication emerged during a strategic investment dialogue between SinoAm Global Fund and senior officials from the Ministry of Investment of the United Republic of Tanzania, held at the Tanzania High Commission in London.
