In a bid to enhance investment opportunities in the country, Japan is moving to promote trade-related investments in African countries with eight missions tasked with the project, where Tanzania has been given first priority.
The move comes in the wake of a meeting between Prime Minister Mizengo Pinda with the Deputy Minister of Foreign Affairs of Japan, Hirotaka Ishihara, upon which the premier said that the Japanese were moving into Africa to invest in power generation, especially in the East Africa region.
The deputy minister was accompanied by 70 businessmen from 14 major companies who were introduced to leading Tanzanian business executives, in seeking to promote trade and investment in Tanzania by forging partnerships.
The premier underlined that Japan is a country with a strong economy, where regular meetings with African leaders via the Tokyo International Conference on African Development (TICAD) meetings provide an opportunity for Japan to lay out common strategies for cooperation with African countries. There is still a need for Japan to focus more on African countries, he stated.
“TICAD meetings have been taking place for over 20 years now but African countries especially East Africa have closed their eyes and failed to make use of greater opportunities available to collect technology and skills from Japan,” he said.
The premier expressed the view that Japan may invest in manufacturing, textiles and weaving, while there are opportunities in fish processing because there are many types of fish available near the country’s shores.
He was happy to hear that the Japanese team met with the Tanzania Private Sector Foundation (TPSF) and the Tanzania Investment Centre (TIC) to explore priority investment opportunities.
For his part, the deputy minister said that his country was satisfied with the development of the Tanzanian economy and that’s why they were intent on investing in the country.
“We are attracted with the pace of economic growth in Tanzania, and that’s why Japanese major companies have shown an interest to invest in Tanzania,” he stated.
Japanese deputy director general for African Affairs, Yasushi Misawa, said that Japanese businessmen were seeking to explore best placed opportunities for investment projects.
“Natural gas and oil might be the target of investment in Africa especially in Tanzania, though there is a plan for investing in agriculture and textiles,” he elaborated.
Meanwhile, Godfrey Simbeye, the TPSF executive director said that Tanzania is an attractive and ideal investment destination in whatever sphere, expressing the conviction that the numerous investment opportunities will prove to be mutually beneficial to the two countries.
“I call upon the business delegation from Japan to seriously consider investing in infrastructure through joint venture or Public Private Partnership (PPP) with Tanzanian counterparts,” he stated.
The move comes in the wake of a meeting between Prime Minister Mizengo Pinda with the Deputy Minister of Foreign Affairs of Japan, Hirotaka Ishihara, upon which the premier said that the Japanese were moving into Africa to invest in power generation, especially in the East Africa region.
The deputy minister was accompanied by 70 businessmen from 14 major companies who were introduced to leading Tanzanian business executives, in seeking to promote trade and investment in Tanzania by forging partnerships.
The premier underlined that Japan is a country with a strong economy, where regular meetings with African leaders via the Tokyo International Conference on African Development (TICAD) meetings provide an opportunity for Japan to lay out common strategies for cooperation with African countries. There is still a need for Japan to focus more on African countries, he stated.
“TICAD meetings have been taking place for over 20 years now but African countries especially East Africa have closed their eyes and failed to make use of greater opportunities available to collect technology and skills from Japan,” he said.
The premier expressed the view that Japan may invest in manufacturing, textiles and weaving, while there are opportunities in fish processing because there are many types of fish available near the country’s shores.
He was happy to hear that the Japanese team met with the Tanzania Private Sector Foundation (TPSF) and the Tanzania Investment Centre (TIC) to explore priority investment opportunities.
For his part, the deputy minister said that his country was satisfied with the development of the Tanzanian economy and that’s why they were intent on investing in the country.
“We are attracted with the pace of economic growth in Tanzania, and that’s why Japanese major companies have shown an interest to invest in Tanzania,” he stated.
Japanese deputy director general for African Affairs, Yasushi Misawa, said that Japanese businessmen were seeking to explore best placed opportunities for investment projects.
“Natural gas and oil might be the target of investment in Africa especially in Tanzania, though there is a plan for investing in agriculture and textiles,” he elaborated.
Meanwhile, Godfrey Simbeye, the TPSF executive director said that Tanzania is an attractive and ideal investment destination in whatever sphere, expressing the conviction that the numerous investment opportunities will prove to be mutually beneficial to the two countries.
“I call upon the business delegation from Japan to seriously consider investing in infrastructure through joint venture or Public Private Partnership (PPP) with Tanzanian counterparts,” he stated.
SOURCE: GUARDIAN
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