During the recently held
Africa Investment Forum in
Washington, DC, Tanzanian President Jakaya
Kikwete alongside several officials from the Tanzania Investment Centre
(TIC) presented new investment opportunities to US investors.
According
to Juliet Kairuki, Executive Director of the TIC, in a recent interview
with CNBC Africa, at least two deals were closed, one of which was a
transport logistics initiative that see an investment of USD 132 million
to construct dry ports outside of Dar es Salaam city center to help
decongest the area.
“We’ve seen that US investors have
taken a keen interest in logistics and we embrace that and celebrate
that because our roads are simply overwhelmed,” she explained in the
interview.
During the forum, which was a part of
the US-Africa Leaders Summit, President Kikwete indicated that four
agricultural and six energy projects requiring USD 400 million and USD
1.44 billion respectively are also seeking partnerships with US private
sector.
Ms. Kairuki confirmed with CNBC Africa
that at least one agriculture deal had been reached during these
meetings with the aim of creating value chains in livestock via the
introduction of a new brand of cattle in the country.
According to President Kikwete,
Tanzania is eager to further relations with the US and invited members
of the US business community to take advantage of the country’s numerous
investment opportunities and attractive investment incentives.
"Investing in Tanzania is a right
decision,” he said in a recent report by the Tanzania Daily News, “I see
this summit providing the opportunity to strengthen economic ties and
take the US-Tanzania relationship to the next level.”
According to the latest data available, in 2012, the U.S. foreign direct investment (FDI) in Tanzania totaled USD 319 million |
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