Tanzania to start domestic steel production to reduce imports
Deputy Prime Minister and Energy Minister, Dr Dotto Biteko (second right seated), in a group photo with Fujian Hexingwang Industry Tanzania Co Ltd and National Development Corporation (NDC) officials and other dignitaries shortly after signing the $77 million investment contract for the implementation of the iron ore mining for the Maganga Matitu project in Ludewa District, Njombe Region. PHOTO|SEIF JUMANNE
Tanzania spends an average of $1.22 billion, which is equivalent to Sh3.2 trillion for annual steel importation, making it the second largest foreign exchange expenditure after oil
