East African logistics centre set to open in October

Dar es Salaam. The East Africa Commercial and Logistics Centre (EACLC) is now scheduled for opening in October.

The regional market worth $110 million developed by Chinese investors, expected to house 2,060 shops, is now 90 complete.

The minister of State in the President's Office for Planning and Investment, Prof Kitila Mkumbo, encouraged Tanzanians yesterday to seize opportunities at the Ubungo-based centre, saying that 95 percent of the 2060 shops in the centre are reserved for Tanzanians.

Prof Mkumbo made the remarks upon receiving a delegation of investors from Weihai, China, who visited the area to explore investment opportunities.

"The economic benefits are substantial as over 15,000 Tanzanians will gain direct employment, and it will also enhance the city's attractiveness.

These shops will feature both Chinese and local products, boosting competition," Prof Mkumbo said.

He emphasised the center's role in enhancing Tanzanians' business capabilities within Africa and globally.

The centre's manager, Ms Victoria Mombury, said that it will officially be opened in October 2024, having been largely completed.

She noted that the Weihai delegation specialises in industrial products, technology, and transportation services.

The visit is also aimed at fostering inter-regional and government cooperation.

The Chinese embassy's economic counselor in Tanzania, Mr Suo Peng, said the centre will be the largest of its kind in East and Central Africa, driving economic growth and strengthening trade relations between the two nations.

"In celebration of the 60th anniversary of China-Tanzania diplomatic relations this year, China remains committed to trade and investment, continuing its role as a major investor in Tanzanian industries and large projects.

Both countries should continue their partnership in mutual development," he said.

The secretary of the CPC Weihai Municipal Committee, Mr Yan Jianbo, highlighted the longstanding diplomatic relationship between Tanzania and China, which has exceeded 60 years.

"We are pleased to host the 2024 China Weihai Conference. Our cooperation with Tanzania will continue to grow for the development of both our countries," he said.

The centre will feature four floors, 1,000 parking spaces, 2,060 shops, and services including transportation and banking.

It is expected to be the largest of its kind in East Africa and serve as hub for traders from the 16 Southern African Development Community (SADC) member countries.

The centre is anticipated to reduce US dollar expenditures on imports by providing locally available products that would otherwise be sourced abroad.