800 Chinese Companies Ready to Invest in Tanzania
On 21st April 2021, the President of Tanzania, Hon. Samia Suluhu Hassan met with the leaders of the Chinese Chamber of Commerce in the country…
China-Tanzania Relations
China is Tanzania’s first trading partner and investor. Total Chinese exports to Tanzania reached USD 1.77 billion in 2018 and total FDI reached USD 115 million in 2019.
China Tanzania Trade
In 2018, Tanzania’s export to China amounted to USD 144.59 million.
China is Tanzania’s prime import partner by volume of imports. In 2018, Tanzania’s imports from China amounted to USD 1.77 billion.
Tanzania imports a variety of products from China including machinery, electronic equipment, vehicles, and iron and steel.
China Tanzania Economic Relations
Tanzania is China’s largest aid recipient country in Africa. Since 1964 China has provided various kinds of assistance to Tanzania.
The largest Chinese-supported projects in Tanzania include the Tanzania Zambia Railway (TAZARA), the Friendship Textile Mill, the Mubarali Rice Farm, the Kiwira Coal Mine, and the Mahonda Sugar Cane Factory.
Chinese Foreign Direct Investments (FDI) to Tanzania
China is Tanzania’s N1 investor in the country. In 2019, the outflow of FDI from China to Tanzania reached USD 115 million out of a total of USD 1.1 billion in FDI. This was -35% less than USD 177 million in Chinese investments in 2018 and a record USD 226 million in 2015.
China and Tanzania have embarked on 19 multi-billion dollar projects. Among these projects, is the construction of a large port in Bagamoyo costing USD 10 billion. The project is jointly funded by China Merchants Holdings International and Oman Investment Fund. However, the construction of the Bagamoyo port has been halted as of June 2019.
In April 2021, Tanzania’s President Samia Suluhu met with the leaders of the Chinese Chamber of Commerce in the country to discuss various issues pertaining to trade and investment.
The Chamber informed that 800 Chinese companies are ready to invest in Tanzania in manufacturing, telecoms, pharmaceuticals, and automotive, and to establish Industrial Parks.
Latest Update: 21st April 2021
Sources: Bank of Tanzania, World Bank, CIA World Factbook, United Nations COMTRADE
Tanzania Sign USD 1.3b SGR Railway Construction Agreement With China
Tanzania’s President John Magufuli and China’s Foreign Affairs Minister Wang Yi signed on 8th January 2021 the agreement for the construction of the 5th phase…
Tanzania to Further Develop Cooperation With China, Magufuli Say
On 15th December 2020, Tanzanian President John Magufuli and Chinese President Xi Jinping held an hour-long phone call during which they talked about further strengthening…
Tanzania Sign Cooperation Agreements with China
On March 22, 2017, the President of Tanzania Hon. Dr. John Magufuli met with Mr. Guo Jinlong, Secretary of the Communist Party of Beijing, to…
Stanbic Bank Promote Investment between Tanzania and China
Stanbic Bank Tanzania (SBT) held a Chinese Economic forum in Dar es Salaam on Tuesday 16th March 2017 to assist the Chinese business community wanting…
China to Lend TTCL USD 300 Million
China’s state owned Datang Telecom International Technology Company plans to lend the Tanzania Telecommunications Company (TTCL) USD 300 million to improve its technological capabilities and…
Mkuranga Tile Plant Construction Work Started
On 2nd March 2017, the President of the Tanzania John Magufuli has laid the foundation stone of the Goodwill Tanzania Ceramic Company Limited tile plant…
China to Support Rukwa Coal to Power Project Development
UK-based energy and mining company Edenville Energy (AIM:EDL) recently signed a Memorandum of Understanding (MoU) with Chinese hydropower company Sinohydro Corporation for codevelopment of the…
Tanzania and China to Develop USD281m Water Project in Mtwara
The Government of Tanzania recently announced that it will implement a USD281m water project in Mtwara, Southeastern Tanzania in collaboration with the Chinese Government.
China to Construct 96km Power Line from Kenya to Tanzania
Kenya recently signed a contract with the North China Power Engineering (NCPE) company for the construction of a 96km power line from Isinya in Kenya…