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China-Africa Trade Information Service
Tanzania's industrial sector contributes around 25% to the country's GDP and experienced an average annual growth of 8% over the past 5 years. The general industrial structure of Tanzania is comprised of manufacturing (53%), processing (43%), and assembling industries (4%).
The Government of Tanzania (GoT) is focusing on developing local industries and making large investments in infrastructure and energy sector development, which present opportunities for China exports.
Although African governments are supporting crop insurance to cushion farmers in times of distress, the situation in Tanzania is different, and most farmers still face losses caused by natural disasters.
Acacia Mining, Tanzania's largest gold producer, just announced its latest interim results, showing total gold production of 158,774 ounces in Q2 2019, an increase of 51% compared to Q1 2019.
According to relevant exploration data, the Rukwa Basin in Tanzania may have a large amount of helium reserves.
The Tanzania Tourist Board (TTB) said it expects to increase the number of tourists from 1.49 million last year to 2 million next year.
Low production costs, increased market access opportunities, improved industrial infrastructure, and adequate supply of raw cotton have made Tanzania's textile and apparel industry one of the hottest gathering places for foreign investment.
According to Luhaga Mpina, Tanzanian Minister of Animal Husbandry and Fisheries Development, there are 30.5 million head of cattle in Tanzania, which can produce 2.4 billion liters of milk a year, but still need to spend at least 30 billion shillings of imported milk every year.
Tanzania has the second largest herd in East Africa (after Ethiopia). According to data from the Ministry of Agriculture, Fisheries and Livestock Development, the country has 23 million head of cattle, 16 million goats, 7 million sheep and 2 million pigs.