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…
China is Tanzania’s first trade partner and investor with USD 1.77 billion worth of imports and USD 177.5 million in investments in 2018.
In 2018, Tanzania’s export to China amounted to USD 144.59 million.
China is Tanzania’s prime import partner by volume of import. In 2018, Tanzania’s import 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.
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.
China is Tanzania’s prime investor. In 2018, the outflow of FDIs from China to Tanzania reached almost USD 177.5 million.
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.
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…
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…
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 Tanzania (SBT) held a Chinese Economic forum in Dar es Salaam on Tuesday 16th March 2017 to assist the Chinese business community wanting…
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…
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…
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…
The Government of Tanzania recently announced that it will implement a USD281m water project in Mtwara, Southeastern Tanzania in collaboration with the Chinese Government.
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…
The Government of Tanzania has received a TZS97b grant from China for further development of the country’s education, seaports, health and airline security.