Current location:politics >>
China emerges as leading source of foreign investment in Tanzania: officials
politics67744People have gathered around
Introduction(Xinhua) 09:56, March 28, 2024Chinese Ambassador to Tanzania Chen Mingjian speaks at the China-Tanza ...
Chinese Ambassador to Tanzania Chen Mingjian speaks at the China-Tanzania Investment Forum and China (Jinhua)-Tanzania Trade and Investment Promotion Conference in Dar es Salaam, Tanzania, on March 27, 2024. China has emerged as a leading source of foreign direct investment (FDI) in Tanzania, significantly contributing to the country's development, officials said Wednesday. (Photo by Emmanuel Herman/Xinhua)
DAR ES SALAAM, March 27 (Xinhua) -- China has emerged as a leading source of foreign direct investment (FDI) in Tanzania, significantly contributing to the country's development, officials said Wednesday.
The remarks were made at the closing session of a one-day China-Tanzania Investment Forum and China (Jinhua)-Tanzania Trade and Investment Promotion Conference in the port city of Dar es Salaam.
Tausi Kida, the permanent secretary in the President's Office responsible for Planning and Investment, said that from January 2021 to December 2023, the Tanzania Investment Center registered 256 Chinese projects worth about 2.5 billion U.S. dollars. The top five sectors for these projects were manufacturing, commercial building, agriculture, transportation and services.
Tanzania has made significant strides in improving the investment climate culminating in tangible achievements, including the attraction of more than 11 billion U.S. dollars in projects led by Chinese investments, creating more than 114,726 jobs, said Angelina Ngalula, chairperson of the Tanzania Private Sector Foundation.
Chinese Ambassador to Tanzania Chen Mingjian commended the Tanzanian government's determination and proactive measures in attracting investment and promoting economic development. "We are confident in Tanzania's future development prospects."
Zhu Chonglie, secretary of the Communist Party of China Jinhua Municipal Committee, emphasized the traditionally friendly relations between China and Tanzania. He said that the forum aimed to contribute to building a closer high-level China-Africa community with a shared future.
In closing the forum, Tanzanian Vice President Philip Mpango highlighted China's long-standing role as a leading strategic investor and major trading partner of Tanzania. He noted that the growing FDI and trade indicate that Tanzania is a rewarding investment destination for Chinese investors.
During the forum, four memoranda of understanding were signed between Chinese and Tanzanian enterprises, as well as between Chinese and Tanzanian public institutions.
People attend the China-Tanzania Investment Forum and China (Jinhua)-Tanzania Trade and Investment Promotion Conference in Dar es Salaam, Tanzania, on March 27, 2024. China has emerged as a leading source of foreign direct investment (FDI) in Tanzania, significantly contributing to the country's development, officials said Wednesday. (Photo by Emmanuel Herman/Xinhua)
People attend the China-Tanzania Investment Forum and China (Jinhua)-Tanzania Trade and Investment Promotion Conference in Dar es Salaam, Tanzania, on March 27, 2024. China has emerged as a leading source of foreign direct investment (FDI) in Tanzania, significantly contributing to the country's development, officials said Wednesday. (Photo by Emmanuel Herman/Xinhua)
Tanzanian Vice President Philip Mpango speaks at the China-Tanzania Investment Forum and China (Jinhua)-Tanzania Trade and Investment Promotion Conference in Dar es Salaam, Tanzania, on March 27, 2024. China has emerged as a leading source of foreign direct investment (FDI) in Tanzania, significantly contributing to the country's development, officials said Wednesday. (Photo by Emmanuel Herman/Xinhua)
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Universal Unfoldings news portal”。http://malta.downmusic.org/article-20e499906.html
Related articles
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
politicsROME (AP) — Pope Francis has added a stop in Luxembourg to a trip to Belgium in September, a three-d ...
【politics】
Read moreChinese language proficiency contests held in Namibia
politicsA Namibian student performs during the "Chinese Bridge" Chinese proficiency competitions i ...
【politics】
Read moreChina to cut individual housing provident fund loan rates by 0.25 percentage points
politicsChina will cut the loan rates of individual housing provident fund by 0.25 percentage points, the ce ...
【politics】
Read more
Popular articles
- OpenAI pauses ChatGPT voice after Scarlett Johansson comparisons
- Gazdag, Carranza, Semmle lead Union to 3
- Chrissy Teigen and John Legend have funny run
- Arsenal are seen REHEARSING their Premier League trophy presentation
- Russian theater director and playwright go on trial over a play authorities say justifies terrorism
- Taiwan's WHA participation must fall under one
Latest articles
Ricky Stenhouse punching Kyle Busch could lead to suspension
Heartbroken Lisa Armstrong was grieving family member's death as ex
Young people work to preserve precious past
Bayer Leverkusen complete UNBEATEN Bundesliga season under Xabi Alonso as they beat Augsburg 2
With Djokovic awaiting the winner, Murray trails Hanfmann at rain
Chinese giant panda couple arrives in Spain
LINKS
- Samuel Ersson blanks Devils to keep Flyers' slim playoff hopes alive in 1
- Agyemang rallies Charlotte to 3
- Arab states condemn U.S. for vetoing UNSC resolution on Gaza ceasefire
- U.S. House Republicans fail to impeach homeland security secretary over border security
- Hamas leader arrives in Cairo to hold talks on Gaza truce
- UN highlights urgent need for investment in women's economic empowerment
- Yemen's Houthis claim launching missile attacks at U.S. commercial vessels, navy warships
- Texas blocks U.S. border patrol, Biden gov't asks Supreme Court to intervene
- Arab states condemn U.S. for vetoing UNSC resolution on Gaza ceasefire
- Texas blocks U.S. border patrol, Biden gov't asks Supreme Court to intervene