While attending the 37th Dares Salaam International Trade Fair (DITF), the Minister for Industry and Trade Dr Abdallah Kigoda invited the Tanzanian business community to take advantage of the show to expand business and create trade opportunities.
The Japanese International Cooperation Agency has granted Tanzania 33 million USD in order to facilitate the construction of the Tazara flyover at the Nyerere Road and Nelson Mandela Expressway intersection and a 16 million USD loan for poverty alleviation through the General Budget Support.
Through the Tanzania's Export Processing Zones (EPZ) Programme, export investments of one billion USD from 70 corporations has been spent on working capital and 700 million USD turnover was generated within the designated zones.
Due to Tanzania's increasing importance in the Oil, Gas and Mining Industries, Canadian Prime Minister Stephen Harper within Canada's role in the G-8 has called to strengthen ties between Canada and Tanzania and to assist the East African nation toward a greater, more transparent governance.
Tanzania's discovery of natural gas resources are proving a valuable asset to sub-sectors that require natural gas as a substantial component of their production, such as the agro-chemicals industry that sees more than 10 world-class chemical companies now express business interest in Tanzania.
As Tanzania's economy shows steady growth patterns and an increasingly conducive business environment, Japanese Nitori Holdings Company Limited commits to a 100 million USD investment in agricultural production and manufacturing in Tanzania.
In view of Tanzania's growing importance to Canadian companies, Tanzania and Canada have signed the Foreign Investment Promotion and Protection Agreement that is designed to promote and create favourable investment conditions and economic ties for Canada Tanzania trade relations.
Upon the conclusion of Tanzanian President Jakaya Kikwete's 2-day visit to Kuwait on 07 May 2013, the Kuwait government promised to strengthen bilateral links with Tanzania as the country follows a sustainable development path.