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Tanzania’s Minister for Industry and Trade, Judith Kapinga, has called on Chinese investors to explore opportunities in key sectors such as industry, mining, agriculture, and renewable energy. During her visit to Hangzhou, she emphasized the historical ties between the two nations and the potential for enhanced economic relations, highlighting Tanzania’s large market and strategic access to East &
Africa-Press – Tanzania. TANZANIA’S Minister for Industry and Trade, Judith Kapinga, has invited Chinese investors to explore opportunities in the country, citing sectors such as industry, mining, agriculture, and renewable energy.
Kapinga appealed during a visit to Hangzhou, China, saying the two countries have historical ties and cooperation in politics and development, and it’s time to boost economic relations.
“Tanzania has a large market of 64 million people and access to markets in East Africa and Southern Africa. We welcome Chinese investors to come and do business with us,” Kapinga said.
She expressed confidence that this will be a significant step in strengthening economic ties and promoting trade between the two countries.
Tanzania and China have maintained a long-standing relationship, dating back to the 1960s when China supported Tanzania’s independence and development efforts. Over the years, this partnership has evolved, with China becoming a significant player in Tanzania’s infrastructure and economic development, particularly in sectors like mining and energy. The recent invitation for investment reflects Tanzania’s strategy to leverage foreign investment to boost its economy and enhance bilateral trade relations.
