Tanzania- German Firms Explore Investment Opportunities

Posted on : Friday , 1st December 2017

More and more German companies intend to explore business opportunities in Tanzania, in sectors such as infrastructure, education, technology, machinery and energy (oil, gas and hydropower).

The delegation met with Dar es Salaam mayor Isaya Mwita.

The mayor had explained all investment and business opportunities to the delegation, which should help convince them to invest in different sectors of the economy.

“I decided to meet with the delegates, showing them how Dar es Salaam is rich in investment and market opportunities,” he noted.

He added, ” Dar es Salaam is going to benefit more in terms of local government revenue and job creation if we can convince some companies to invest their money into various development projects,”

According to the chairman of the delegation, Mr Christoph Kannengieber, the journey from Germany to Tanzania will not be a waste, since the mayor has highlighted a lot of opportunities in the nation.

“We are taking the market, the port, population, the international airport, infrastructure and political will as grounds for investment and doing business in Dar es Salaam,” he said noting that they had enough capital and reliable technology to do so.

Business ties between the two countries would be a guaranteed success, where they would export and import commodities accordingly.

He said that the most commodity needed in Germany at the moment was coffee.

The Germany ambassador to Tanzania, Dr Detlef Waechter arranged the visit with the aim to maintain good business ties between the two countries.

“Despite the fact that the government moves to Dodoma, I believe Dar es Salaam will remain the city of investment and business due to available opportunities,” he said.

Source : Business News Africa

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