Tanzania Receive TZS97b Grant from China
The
Government of Tanzania has received a TZS97b grant from China for further
development of the country’s education, seaports, health and airline security.
The grant
agreement was recently signed by Charles Mwijage, Tanzania’s Minister of
Industry, Trade and Investment, Dorothy Mwanyika, Permanent Secretary at
Tanzania’s Ministry of Finance, and Qian Keming, China’s Vice Minister for
Commerce.
Mwijage explained that the grant will help
Tanzania to address its medical drugs shortage.
He added
that China is also considering investing in the Tanzania Zambia Railway
Authority (TAZARA) to support the country’s industrialization. He also said
that Tanzania will facilitate the construction of 3 processing factories in the
country’s coast region.
One of the factories will be a tile plant
where China is planning to invest USD100m. The tile factory is expected to
produce 800,000 roofing tiles per day. It will also employ 1,500 Tanzanians
directly and more than 3,000 indirectly.
Keming said that China will continue to
support Tanzania’s industrialization drive. China FDI to Tanzania Tanzania is
China’s largest aid recipient country in Africa.
Tanzania
accounted for 16.3% of China’s total FDI in Africa with USD4b in 2014, an
increase of 100% from the total Chinese FDI recorded in the country at the end
of 2013, according to the Chinese Embassy to Tanzania.
The
largest Chinese-supported projects In Tanzania include: TAZARA, Friendship
Textile Mill, Mubarali Rice Farm, Kiwira Coal Mine and Mahonda Sugar Cane
Factory.
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