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Tanzania and China Sign Five Memorandums of Understanding

October 21, 2013
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Tanzania and China have signed a deal that will expand trade opportunities, training, and science and technology.

Prime Minister, Mizengo Pinda and his Chinese counterpart, Lei Keqiang signed the five memorandums of understanding (MoU) in Beijing this past week.

The MoUs include collaborations in science and technology, tourism, textile manufacturing, cotton production, and the construction of a Chinese Embassy in Dar es Salaam.

During his nine-day visit to China, Prime Minister Pinda thanked the Chinese government for the soft loans they have extended to Tanzania, saying that such loans have been easier to repay when compared to money lent from other countries.

He also announced that Tanzania would begin to pay China back a $24.6 million USD loan that was used to renovate the Tanzania-China Friendship Mills.

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