Two significant Chinese businesses, specializing in satellite technology and ICT equipment manufacturing, have indicated interest in investing in Tanzania. This important action is a component of Tanzania’s larger plan to improve its digital infrastructure.
Yesterday’s discussions with the investors were conducted by President Samia Suluhu Hassan, who is now attending the Forum on China-Africa Cooperation (FOCAC) in Beijing, China.
The talks focused on improving Tanzania’s technology skills and bolstering its digital economy. President Samia met with the two businesses as part of the planning for Tanzania’s satellite project, according to remarks made by Mohammed Khamis Abdulla, Permanent Secretary for the Ministry of Information, Communication, and Information Technology, following the meeting.
One of the businesses has expressed interest in working with Tanzania to launch a satellite of its own. Mr. Abdulla stated, “This is an important step as the nation prepares to begin a program named ‘From Mount Kilimanjaro: The Peak of Africa to Space’ later this year.
Although there are currently communication services on Mount Kilimanjaro, he continued, the objective is to go beyond and expand Tanzania’s reach into space. The second business, which specializes in ICT equipment, has shown a strong desire to work with Tanzania’s Digital Economy Strategy, a ten-year plan that aims to revolutionize the digital landscape of the nation.
This involves constructing factories to produce computers, laptops, and other ICT-related goods. “We have prepared a Memorandum of Understanding (MOU), outlining the specific areas where we will partner,” Mr. Abdulla stated.
“We are ready to collaborate with them.” President Samia met with representatives of many Chinese corporations, including Acme Consultant Engineers PTE Limited, Weihua Group, Transsion Group, China Academy of Space Corporation (CASC), and China Railway Construction Corporation (CRCC).
President Samia also met with four significant Chinese investment firms, according to Gilead Teri, Executive Director of the Tanzania Investment Centre (TIC). The enterprises prioritize the manufacturing of electronic products, investments in tourism, heavy metal products, and the establishment of industrial parks.
“TIC has guaranteed these investors that operating in Tanzania will provide a secure and favorable atmosphere. According to Mr. Teri, “We are dedicated to making sure they will have the required incentives to produce goods for both local markets and for export to SADC and beyond.” In addition, he urged Tanzanians to get ready to take advantage of the opportunities brought about by these investments, stressing the value of collaborating with foreign investors to increase domestic output and guarantee a steady market
Additionally, President Samantha spoke with Tanzanian expatriates in China, including laborers, scholars, and businesses.
