Now Dr Kijaji invites Saudi investors to Tanzania
The minister for Industry and Trade, Dr Ashatu Kijaji, and her delegation speaks with Saudi investors in Riyadhi on the sidelines of the World Economic Forum meeting that took place on Thursday, May 2. PHOTO | COURTESY
What you need to know:
- Leading a strong Tanzanian delegation to the World Economic Forum in Riyadh, Dr Kijaji urged Saudi investors to take advantage of ample electricity in Tanzania to increase economic engagement with the east African country
Dar es Salaam. Tanzania has made great strides in the generation and distribution of electricity for rural and urban populations.
This, according to the minister for Industry and Trade, Dr Ashatu Kijaji, has increased productivity and facilitated job creation.
Participating in a debate on energy reforms at the World Economic Forum in Riyadh, Saudi Arabia, on Thursday, May 2, 2024, Dr Kijaji said reliable power supply has enhanced the living conditions of Tanzanian households and supported the attainment of the country’s socio-economic goals.
Dr Kijaji is leading a Tanzanian delegation to the forum, which includes the director of business development, Mr Sempeho Manongi, and the Tanzania Warehouse Licensing Board director general, Mr Asangye Bangu.
Others are a Tanzania Trade Development Authority (TanTrade) representative, Mr Deo Shayo, Commissioner for External Finance in the ministry of Finance, Mr Rished Bade, and senior officers of the Tanzanian Embassy in Saudi Arabia.
She encouraged and motivated Saudi Arabia’s businessmen to increase the bulk of goods procured from Tanzania and urged them to come invest in the country due to a strengthened investment climate, including reliable electricity.
Saudi Arabia Export Authority executive director, Mr Abdulrahman Al Thukair, pledged to lead a delegation of businessmen and strategic investors to Tanzania to secure investment opportunities.
Tanzania switched on the first 235MW turbine of the Julius Nyerere Hydropower Project (JNHPP), which can generate 2,115 megawatts of electricity and significantly addressed the power woes that started at the end of last year.
