According to Tanzania's Minister of Industry and Trade Abdallah Kigoda, China’s support to Tanzania industrial capacity is key to become a middle income country, as laid in Tanzania 2020 development vision.
During the recent visit to Tanzania of German President Joachim Gauck, President Kikwete announced that Ferrostaal Industrial Projects of Germany will partner with the Tanzania Petroleum Development Corporation (TPDC) and other international companies to construct a USD 1.7 billion fertilizer factory.
The Tanzania Trade Development Authority (TanTrade), organizers of the 39th annual Dar es Salaam International Trade Fair (DITF), has announced that the two week event will be scheduled from June 28, 2015 through July 8, 2015.
US-based Wisconsin Economic Development Corporation (WEDC) is planning a trade venture to Kenya and Tanzania in May 2015 and has welcomed Wisconsin state companies looking to do business with the two largest economies in East Africa to participate in the program that will include one-on-one meetings with potential customers that have been selected based on the export goals and needs of the participating companies.
According to the Tanzania Chamber of Commerce Industry and Agriculture (TCCIA), the governments of Tanzania and Jordan are preparing to sign a free trade agreement that will facilitate the transfer of goods and services between countries and strengthen bilateral relations.
After registering a company and identifying a trading house, the process to establish the first commodities market in the East African Community (EAC) has moved into the final stages of establishing the Tanzania Commodity Exchange Market (TCX).
Based on the growing demand for formal retail as well as their close proximity to the Botswana-based supermarket and general retailer, Choppies has announced plans to expand its operations into Tanzania in 2015.