EPZA Hosts Delegation from Hunan Province, China, Eager to Invest in Tanzania

15-May-2024,

In a promising display of international cooperation and investment potential, the Export Processing Zones Authority (EPZA) played host to a distinguished delegation from Hunan Province, China. Led by Deputy Mayor Mr. Yangwei of Loudi, the delegation included numerous investors from the City of Loudi who are keen on exploring opportunities for expansion into Africa, with a particular interest in Tanzania.

The visit, marked by a spirit of collaboration and mutual interest, aimed to explore avenues for investment and economic cooperation between China and Tanzania. EPZA, as a pivotal entity in facilitating investment and business development in Tanzania, warmly welcomed the delegation, underscoring the nation's commitment to fostering a conducive environment for foreign investment.

Eng. Ally R. Shanjirwa, Acting Director of Special Economic Zones, extended a gracious welcome to the Chinese delegation on behalf of EPZA's Director General. The discussions revolved around potential investment opportunities in Tanzania, highlighting the country's strategic location, abundant natural resources, and conducive business environment.

The delegation from Hunan Province expressed keen interest and willingness to explore investment opportunities in various sectors within Tanzania. Their enthusiasm and proactive approach underscored the growing interest among Chinese investors in contributing to Tanzania's economic growth and development.

Eng. Ally R. Shanjirwa commended the delegation for their interest in investing in Tanzania and assured them of EPZA's full support and cooperation in facilitating their investment endeavors. He emphasized EPZA's commitment to providing a seamless investment experience and fostering mutually beneficial partnerships.

The visit concluded with a sense of optimism and anticipation for future collaborations between China and Tanzania. As both parties look forward to further engagements and explorations of investment opportunities, the visit served as a testament to the growing bilateral ties and the potential for significant economic cooperation between the two nations.

EPZA remains dedicated to serving as a bridge for international investors seeking to capitalize on Tanzania's vast potential and contribute to its economic transformation. The visit by the delegation from Hunan Province reaffirmed Tanzania's attractiveness as an investment destination and signaled the beginning of a fruitful partnership between the two regions.