The United Republic of Tanzania

TANZANIA INVESTMENT CENTRE

The President of United Republic of Tanzania HE. Dr. John Pombe Magufuli has praised the initiative of the Motison group towards supporting industrialisation after officially laying a foundation stone for the construction of the Sayona Fruits Plant located in Mboga, Chalinze. Speaking in Chalinze recently the President said Motisun Group is a role model investor in the country and have shown a clear direction in the implementation of industrialisation Agenda.


TIC Executive Director, Mr. Geoffrey Mwambe said Motisun Group is a strategic investor and the factory in Mboga would be critical in economic development through job creation, creation of new tax base, support SME’s in terms of formalisation, growth and formation of value chain. He said the factory in Mboga would need more than 300 metric tonnes of fruits every day and more than 30,000 farming households would be involved to support the factory.


Speaking at the event the chairman of Motisun Group Mr. Subhash Patel said the fruit factory will carter more than 30% of the imported juice demand from abroad and reduce expenditure on foreign exchange through production of juice locally and create more jobs . He further mentioned that the project was in the process of getting registered with multiple international standards, including the European Union standards, British retail consortium standards, Hallal Standards of Middle East to ensure the product quality was meeting international requirements.

Chinese mega investor New Building Materials Public Limited Company BNBM plans to invest about the total of $200 million to boost the building materials output in Tanzania, the Chairman of Beijing BNBM Mr. Wang Bing said during the meeting with TIC at the TIC offices in Dar-es-salaam. “After careful research and analysis we decided to make a decision to establish a comprehensive building material’s factory and establish a research and development Centre that would be able to transfer knowledge and skills to Tanzanians who would be capable to engage in the high tech production of building materials’’ said Mr. Wang.


BNBM is weighing on building factory that would feed many African countries by establishing an industrial park for building materials that would produce more than 20m square meters of high quality gypsum boards and other high quality building materials product for local and export. BNBM believes this would upgrade the industrial level of Tanzania and are fully confident that that BNBM can support the Tanzanians vision of 2025 which advocates for industrialization. BNBM ‘s is a member of Global Fortune 500 companies and their market share in the world is almost 50% with the total capacity of producing 2.1 billion square meters of gypsum per annum.


“Attracting investment to Tanzania, one of the world's strategically located country, is a key priority for TIC as it seeks to boost local industrial production in order to reduce costly imports and creates more jobs for the locals’’ said the TIC Executive Director Mr. Geoffrey Mwambe.


Tanzania continues to perform strongly against competitor countries in East Africa. Tanzania currently ranked among top ten most attractive business locations in Africa as per RMB statistics of 2017. UNCTAD statistics also reveal that in 2017, Tanzania attracted US$ 1.35 billion in FDI inflows far surpassing its neighbor, Uganda and Kenya. Tanzania is the largest recipient of foreign direct investment (FDI) in East Afri


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