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Daily News·2 min read·medium

Tanzania seeks Turkish investments in ts strategic projects to to increase bilateral trade to 1bn US dollars

M
Mariam Said
Tanzania seeks Turkish investments in ts strategic projects to to increase bilateral trade to 1bn US dollars
✦AI Summary

The Tanzanian government is actively courting Turkish investors to fund strategic national projects. The initiative aims to boost bilateral trade between the two nations to 1 billion US dollars.

Why it matters

This reflects Tanzania's broader strategy to attract foreign direct investment to stimulate economic growth and infrastructure development.

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DAR ES SALAAM: THE Tanzanian government has invited Turkish businesspeople and investors to invest in strategic projects in Tanzania as part of efforts to strengthen economic cooperation and increase bilateral trade between Tanzania and Turkey to 1bn US dollars.

The call was made by the Minister of State in the President’s Office for Planning and Investment, Prof. Kitila Mkumbo, during talks with a delegation from the Turkish Independent Industrialists and Businessmen Association (MÜSİAD) in Dar es Salaam.

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