NEW DELHI: TANZANIA is seeking to position itself as a key supply chain hub for East and Central Africa, leveraging its strategic location and opportunities in trade, cargo transportation and industrial development.
Minister of State in the President’s Office for Planning and Investment, Prof Kitila Mkumbo, made the statement while speaking at the Bloomberg New Economy Forum in New Delhi, India, where discussions focused on changing global supply chain systems.
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During the talks, Prof Mkumbo urged international investors to tap into Tanzania’s investment opportunities across various economic sectors, saying investment is important in strengthening the country’s competitiveness, expanding trade and driving economic growth.
Additionally, he highlighted Tanzania’s potential to serve as a regional trade and logistics link, supported by opportunities in freight transportation and industrial development.
According to information from the Ministry, Tanzania’s participation in the forum provides an opportunity to engage international partners and promote the country as an investment destination and a strategic gateway for trade across East and Central Africa.