Dar es Salaam. A delegation of investors from China’s Changzhou district is currently exploring investment opportunities in Tanzania, with plans to inject a minimum of $86.8 million across various sectors, including agriculture and health.
The delegation, which comprises various prominent companies from Changzhou, is also interested in investing in several other sectors, including the manufacturing of medical devices, the production of electrical appliances, building materials, grain and oil processing, and agricultural machinery.
The 10-man delegation comes at a time when available data show that China has effectively cemented its position as the number one source of foreign investments in Tanzania, having injected a total of $11 billion in various projects that have created at least 144,726 jobs for Tanzanians.
Briefing journalists yesterday on behalf of the Chinese delegation, an officer from Canopus Energy Solutions, Ms Anna Nyangasi, described Jinake Group as one of the companies aiming to invest in Tanzania.
“These investors have arrived in Tanzania at our invitation, in collaboration with Amec Group. They are currently in negotiations with the government so that they can channel their investments into those sectors,” she stated.
The investment is expected to generate nearly 2,000 permanent and part-time jobs when the planned investments are realised.
Within the agriculture sector, the investors plan to establish power tiller and trailer assembly plants, which will assemble 25,000 power tillers and trailers per year.
They also plan a tractor assembly plant that will produce nearly 2,000 units of 75- to 110-horsepower wheeled tractors and implements every year. For diesel and gasoline generator production, it is planned to produce 300,000 generators and pumps per year, as well as water pump assembly plants.
Grain and oil processing, the integrated edible oil processing plant.
The health and energy sector is poised to establish a syringe factory with plans to produce 50 million disposable syringes annually. Additionally, in the energy sector, investors are exploring the construction of an electrical appliance switch production plant.