info.afrindex.com
China-Africa Trade Information Service
By Raymond Kaminyoge
Kibaha — Two Chinese firms plan to invest a total of $67 million (Sh144.72 billion) to establish tiles and soap factories in the Coast Region.
Mr Tandari, who was speaking during a visit to the site, said since President John Mafuguli came to power, TIC has issued licences for the construction of 36 factories.
"As you can see the construction of the factories has already started," he said. The TIC boss further said that the two industries were expected to generate at least 2,500 permanent jobs and 6,000 casual labours.
For his part, Tyford Tiles managing director Jack Feng said his factory plans to start operations come July. According to Mr Feng, 95 per cent of raw materials the factory will need will be sourced locally, especially from Iringa, Coast, Dar es Salaam, Tanga, Morogoro and Kilimanjaro regions.