TANZANIA, CHINESE ECONOMIC BODY IDENTIFY FIVE PRIORITY INDUSTRIAL SECTORS FOR INVESTMENT

DAR-ES-SALAAM -- Tanzania and the China-Asia Economic Development Association, through the One Belt One Road Initiative, have identified five priority industrial areas in this country for investments, which will help catalyse efforts by the Tanzanian government to achieve a middle income economy by 2025.

Under its One-Belt One-Road initiative, China aims to promote economic integration with other countries in the world as it seeks to promote competitiveness in the global economy.

The Permanent Secretary in Tanzania's Ministry of Industry, Trade and Investment, Professor Elisante Ole Gabriel, disclosed this here Wednesday after a meeting with the delegation of Chinese investors led by the President of the association's Oversees Co-operation Development committee, Huang Zhaojin.

Prof Ole Gabriel mentioned the five priority areas as pharmaceutical and medical equipment, agro-processing and agribusiness, industrial parks as well as manufacturing of industrial machineries, and industries to produce alcoholic beverages, including spirits and wines, making of furniture and processing of minerals.

Source: NAM NEWS NETWORK