MORE than 100 Chinese firms are expected to participate in the Investment and Trade Opportunities Forum in Tanzania this year.
Zanzibar’s Minister of Trade, Industries and Marketing, Ambassador Amina Salum Ali said here yesterday already 20 companies have pledged to visit Tanzania next month to identify strategic investment locations in the country.
Ambassador Amina made the remarks following an invitation from Guangzhou province to give detailed explanations on key investment opportunities in Tanzania and encourage seizing them. The meeting was attended by investors and representatives of more than 100 companies.
Ambassador Amina Salum Ali, also met with other five investors in Beijing. “Our visit has been successful following the pledge of 20 Chinese companies to come and identify various investment opportunities in the country,” she said. She said the groups of 20 investors are eyeing sectors of the textile industry, crafts, agriculture, construction and others.
After receiving sites they will make decisions. She said during the meeting, investors wanted to know various issues regarding shares, rents, and other crucial details in investment in Tanzania.
She said with the collaboration with the Tanzania ambassador in China and other government officials, special committee was formed to fix some things that frustrated them before.
Present in the meeting were the Tanzania’s Ambassador to China Mbelwa Kairuki, John Mnali from Tanzania Investment Centre (TIC), Representative of Zanzibar Investment Centre (ZIC) Nasriya Nassor, and Director of Research and Planning in National Development Corporations (NDC) Godwill Wanga.
In her speech, the Minister, Amina Salum, advised investors seeking to invest in Tanzania to ensure they get correct information from government institutions responsible for investments.