Joseph Isangura
Tanzania is intensifying its collaboration with China in the realms of industrialization, agriculture, and the blue economy as the country gears up for its post-2025 development vision.
This strategic direction was emphasized by Prof. Kitila Mkumbo, the Minister of State in the President’s Office for Planning and Investment, during a recent forum held in the nation’s commercial capital.
The forum, which gathered both Chinese and Tanzanian economists, comes at a pivotal time, with the Forum on China–Africa Cooperation (FOCAC) scheduled to take place in early September and the two nations marking the 60th anniversary of their diplomatic relations. According to Prof. Mkumbo, the partnership with China extends beyond mere diplomatic ties and is marked by substantial investments, particularly in the agricultural and industrial sectors.
Read More; Putin Names Swahili-speaking Envoy To Nairobi Mission.
Recent developments have further solidified this partnership. Tanzania and China have inked 15 significant agreements, covering various sectors such as trade, investment, development cooperation, and the blue economy. These agreements underscore China’s role as a leading source of foreign direct investment (FDI) in Tanzania, with over 1,000 projects worth approximately USD 9.6 billion. Notably, the agreements include protocols for exporting fresh avocados and wild aquatic products from Tanzania to China, reflecting the deepening economic ties between the two countries.
Prof. Mkumbo highlighted that these investments are crucial as Tanzania seeks to harness Chinese expertise and capital to drive its industrial and agricultural sectors. This collaboration is seen as a cornerstone of Tanzania’s strategy to achieve sustained economic growth and industrial transformation.
