Japan Sets Africa Investment Hub in Tanzania

The Japanese Ministry of Economy Industry and Trade announced that Tanzania will serve as the hub for investments in the East African and Africa in general.

The announcement follows the Tanzania-Japan cooperation plan aimed at job creation and economic strengthening between the two countries.

Projects include the construction of the new central line railway and the expansion of Dar es Salaam port.

According to the Japan External Trade Organisation (JETRO), Tanzania is an attractive investment destination for Japanese businesses thanks to an investor’s friendly environment, political stability and the recent discoveries of natural gas, combined with a growing population eager to consume.