DAR ES SALAAM: The Chief Executive Officer (CEO) of the Tanzania Private Sector Foundation (TPSF), Raphael Maganga, has mentioned China as one of the top countries that invest in the country.
He made the statement during a forum that brought together investors from China and the United States in Dar es Salaam over the weekend.
The event was geared towards exploring various investment opportunities in the country.
Delivering his speech at the well-attended event, the TPSF boss noted that China accesses the African market easily through Tanzania thanks to the East African member state’s favorable environment, and that investors from the Chinese community visit the country on a weekly basis.
However, Mr Maganga hailed the government’s efforts in maintaining international relations and strengthening infrastructure, along with investment policies, saying that they have succeeded in attracting more investors.
On his part, the Director of Investment Promotion of Tanzania Investment Centre (TIC), John Mnali, said that among many other things, the forum aims to promote investment opportunities available in Tanzania.
Moreover, Vice President of the Group Six International Limited, John Zhengpt, stated that the event will provide room for other competitors to invest in Tanzania since it involves the biggest investment companies such as ‘Turner’.
The event brought together businessmen from various areas, including the American Chamber of Commerce and the Chinese Chamber of Commerce, which includes 18 chambers from 18 states in China.
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