M a r k e t N e w s

China Promotes Tanzania's Cassava Production

Posted on : Thursday , 27th September 2018

The ongoing China-ASEAN Expo 2018 has promoted investment and trade opportunities in Tanzania, yielding positive results with some Chinese investors expressing interest in processing cassava starch.

The good news comes amid the 1 billion US dollars (about 1.22trl/-) agreement between the governments of Tanzania and China in commercialization of the tubers, which are on high demand in Asian countries, particularly China.

Speaking on the sidelines of the Tanzania Promotion Conference and Business Matching yesterday, the Managing Director of Fosham Guangji Trade Company Limited, Mr Qiu Ruming, said in an interview that his company is interested in setting up the processing facility in Tanzania.

"There is a very huge demand for cassava in China. I will travel to Tanzania in November, this year, to explore the possibility of establishing a processing facility there," Mr Ruming explained during the interview at the Nanning International Convention and Exhibition Centre (NICEC).

The Chinese investor is currently operating four cassava processing factories in neighbouring Vietnam, but he is now eyeing to expand wings to Tanzania.

Presenting a paper earlier, the Director General of Tanzania Trade Authority (TanTrade), Mr Edwin Rutageruka, told Chinese investors and businesspersons that his institution currently promotes processing of cassava, cashew nut, coffee and pulses, among other crops.

"China is among largest trading partners with Tanzania and as such we continue to encourage more investments in various sectors of the economy." Mr Rutageruka wooed the traders.

The Governor of Guangxi Zhuang autonomous region, Mr Liu Muren, described Tanzania as a long time friend of China with abundant resources which provides huge potential for investment from investors in China and ASEAN.
"China and Tanzania have been friends since 1964; there is an old Chinese adage which goes 'Good friends cannot be separated by geographical distances'.

"Tanzania has a unique and picturesque landscape and China will continue to promote trade along the Maritime Silk Road of which Tanzania is included," Mr Muren, who is also the Vice-President of Chinese People's Political Consultative Conference, stated.
 
The Head of the Tanzanian delegation at the event, Zanzibar's 2nd Vice-President, Amb Seif Ali Idd stated "Tanzania is now focused on an industrialised economy and thus we need investments in all sectors of the economy namely manufacturing, agriculture, agro-processing, fishing, tourism to mention but a few," Amb Idd remarked.

The Tanzanian Ambassador to China, Mr Mbelwa Kairuki, informed delegates at the conference that Beijing and Dar es Salaam have signed an agreement on production capacity through the One Belt, One Road initiative.

Apart from the agreement, the envoy noted that the two countries have inked eight agreements on various programmes during the just ended Forum on China-African Cooperation (FOCAC).
 

Source : www.allafrica.com
-->
Featured Companies
  • Fasa | Packaging machinery and solutions
  • /
  • Rasna soft drink and beverages
  • TITAN Containers A/S

Complete List  

Advertisers in previous issue:

  • OASIS is a subsidiary of OASIS International. The OASIS brand is the recognized worldwide leader in the design and manufacture of bottled and pressure water coolers.
  • Dairy Products,Beverages,Ice Creams;etc.
  • MAYORA Group has grown to become one of the recognized names in the Fast Moving Consumer Goods Industry.
  • Manufacturing of ice cream cones, sugar cones. Soft serve ice cream powder mix.
  • Postharvest international directory of suppliers. Equipments, materials & services. Fruits, vegetable & ornamentals.
  • Magazine
  • Ulker Group started its adventure with 75 tons of biscuit production in its first year, 64 years ago.
  • Wide Range of Food Products.
  • The Gulf Union Foods Company is one of the key national companies that have a clear contribution to the food manufacturing sector, especially juices and beverages.
  •  We are a prominent packaging company based at industrial heart of Ahmedabad city.
  • El-Eman company provides a new source of specialized products of the highest standard of quality.
  • Sonarome has supplied customers with quality flavours and fragrances.
  • The company was established since 1976Group of Companies, one of Ghazi and OlayanThe company is located in the schwing and this region is very rich in fruit trees of all varieties because of its mild climate
  •  The company started in 1987 and is today one of the largest privately owned companies supplying containers for a multitude of applications.
  • Dairy Products
  • This journal goes to producers, buyers, traders and carriers dealing with the food industry products from Ukraine, and neighbor and foreign countries.
  • Ideo Tecnica, a company specialized in machinery for the confectionery industry and especially chocolate
  • Hotel and restaurent
  • Veendeep Oiltek is one of India
  •  Alexform is the leading manufacturer of cold rolled steel profiles, offering both quality products and reliable service to its customers via the most advanced production facilities in Egypt.
  • Industrial Dynamics / filtec has been a leading innovator in the filed of inspection and laser coding equipment
  • MM Vitaoils is a world leader in downstream palm oil industry with full range of packaging.
  • Afronutri Ltd is an intermediary supplier of end consumer baby food   products selling directly to retails and wholesalers as well as hospitals and pharmacies.
  • We Can Help You Find the Right customers for our Equipment, chemicals, ingredients, Packaging 7 Services in Africa.
  • Wide Range of Kitchen Equipments.
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2019 Afrotrade