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China-Africa Trade Information Service
An Indonesian company, 'Puncak Keemasan Lumbung', is intending to invest in modern agriculture and fishing activities in the country.
Tanzania: Dar to Host Islamic Finance Summit
Dar es Salaam — Tanzania needs to attract more foreign direct investment (FDI) to realise its goal of attaining seven per cent economic growth, according to the Chinese ambassador to Tanzania, Dr Lu Youqing.
Tanzania expects nearly 1,000 Chinese extra-large investors promising to invest in a special economic zone including textile, manufacturing, fishing, mining and agriculture across the board following mutual bilateral relations between the two countries.
Tanzania is among the preferred destinations for foreign investment in Africa. In 2014, the country was the third largest recipient of FDI in Africa, after Kenya and Uganda.
The cement market environment in Tanzania is significantly taking new turn.Tanzania will soon see her cement production capacity surging to over 17 million tonnes, thanks to three new companies that have requested to invest in the country's cement sector.
Dar es Salaam — District Commissioners have asked the government to give them the role of attracting foreign investments.
Chinese companies have shown interest to put up projects in such sectors as electronics, textiles, cosmetics, chemicals, pharmaceuticals and finance.
Tanzania's annual domestic sugar consumption is about 420,000 tonnes while local production is 320,000 tonnes. This leaves a deficit of about 100,000 tonnes a year to be made up by imports. The country's Sugar Industry Poised for Further Growth.