editor
President Samia Suluhu Hassan wants Tanzania to attract $1 billion in investment from Indonesia.
Speaking during the Indonesia-Tanzania Investment and Business Forum in Jakarta on Thursday, she tasked her lieutenants with raising the value of Indonesian investments in Tanzania to $1 billion in the shortest time possible.
This is an uphill task as Indonesia is not even on Tanzania’s list of top ten sources of investment.
Thursday’s forum was held on the second day of President Hassan’s three-day state visit to Indonesia, which ends on Friday.
She said Tanzania’s political stability, advantageous geographical location and a conducive investment environment made the country an attractive destination for investment.
Tanzania Investment Centre (TIC) executive director Gilead Teri said TIC hoped that the target set by President Hassan would be reached by 2028.
Briefing the media on President Hassan’s visit to Indonesia in Dar es Salaam last Sunday, Foreign Affairs and East African Cooperation minister January Makamba said Indonesian investments in Tanzania were in five projects worth Sh6.5 billion (about $2.5 million) in agriculture, industrial production and construction.
Mr Makamba said that while Tanzania’s exports to Indonesia totaled Sh64.76 billion, imports stood at Sh237.83 billion.
