Tanzania set to receive over 100 Japanese investors

Tanzania set to receive over 100 Japanese investors
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Tanzania set to receive over 100 Japanese investors

The Tanzania Investment Center (TIC) and the Tanzanian Embassy in Tokyo launched a campaign that has proven to be effective preferring economic opportunities. The campaign caught the attention of Japanese businesses now willing to listen to Tanzania’s offer for investment. These Japanese investors intend to visit Tanzania to further discuss possibilities for investment.

  • The Tanzania Investment Center and the Tanzanian Embassy in Tokyo launched a successful campaign to attract Japanese investors
  • The campaign reached key Japanese cities such as Tokyo, Osaka, Shizuoka, and Chiba
  • Over 100 Japanese investors are planning to visit Tanzania in October as a result of the campaign

A report by the Tanzanian newspaper, The Citizen, revealed that over 100 Japanese investors are looking to visit Tanzania in October, as a result of a successful campaign executed by The Tanzania Investment Center (TIC) and the Tanzanian Embassy in Tokyo.

The campaign began on May 27, 2024, and wrapped up on July 10, 2024, reaching key Japanese cities such as Tokyo, Osaka, Shizuoka, and Chiba.

These investors will be visiting Tanzania to continue negotiations and finalize existing investment agreements with key Tanzanian stakeholders.

The Tanzanian ambassador to Japan, Baraka Luavanda, and the executive director of the TIC, Gilead Teri, are responsible for promoting investment opportunities in Tanzania to Japanese investors as a consequence of their leadership in implementing the campaign.

Additionally, the TIC and the Japan International Cooperation Agency would be exchanging experts to channel more investments from Japan to Tanzania, according to a press statement released to The Citizen.

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The Statement reads partly; “The campaign has achieved significant success in attracting and encouraging Japanese companies to invest in Tanzania.”

According to the statement, the United Nations Industrial Development Organization (UNIDO) alongside the United Nations Development Program (UNDP) aided with the execution of the campaign.

Japan and Tanzania have enjoyed a very good economic relationship with Japanese investments creating wealth and employment in the East African country.

As seen in The Citizen’s report, Japan Tobacco, Sumitomo Chemicals, Tanja, Matoborwa and Bardi Bardi are some of the major Japanese businesses in Tanzania.

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