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Tanzania-Chinese Investment Conference Held in Dar es Salaam

March 9, 2024 (EIRNS)—Some 100 Chinese investors participated in a Tanzanian-Chinese economic conference in the capital, Dar es Salaam, on March 7. The conference was organized by the Tanzania Investment Centre (TIC), China-Africa Economic and Trade Cooperation Development Forum, and China-Tanzania Economic, Trade and Investment Fair.

TIC Director of Investment Services Mafutah Bunini said the conference aims to bring together Chinese and Tanzanian businessmen to exchange ideas and areas where they can make joint venture projects. “China is the leading country for investment in Tanzania and according to our TIC statistics since we started registering projects in 1997, China has led by registering projects worth $11 billion,” he said.

Director General of Export Processing Zones Authority Charles Itembe pointed to the opportunities under the African free trade agreement. “We also have the market opportunity in the East African region, where if we make good use of the existing opportunity to do business in partnership with these Chinese, we will boost our exports and exports earnings,” he said.

On March 8, also in Dar es Salaam, the 13th Meeting of the China-Africa Think Tanks Forum opened, whose participants described it as a springboard for the continent’s economic and industrialization agenda, reported Xinhua.

James Mdoe, deputy permanent secretary in the Tanzanian Ministry of Education, Science and Technology, said China and Africa must figure out ways to deepen cooperation and seek to demonstrate the instrumental role that education can play in building strong societies.

Nelson Boniface, deputy vice chancellor of the University of Dar es Salaam, called for increased cooperation between China and Tanzania on academic and research projects in the areas of science, education, humanities and social sciences, engineering, and technology, to meet the two countries’ demands.

Chen Mingjian, Chinese ambassador to Tanzania called for building a high-quality China-Africa community with a shared future.