FDI SET TO BOOST TANZANIA INDUSTRIALIZATION DRIVE

Tanzania agree deal to drive the industrialization sector in the nation.

Tanzania is set to have a new industrialization drive after FDI agree an investment deal. Foreign Direct Investments (FDI) is from the European nation of Italy. This drive is also part of Tanzania President efforts to shift the country’s economy and make it more competitive. Meanwhile, the deal will also help market tanzania products in Italy.

Italian Ambassador to Tanzania Roberto Mengoni said ” The embassy would continue to support the country’s firms in the African soil. He also said they will help them succeed in their operations.”

The investment will also help in  marketing Tanzanian products within its boundary, as the East African nation seeks to have a wider market reach in Europe.

Tanzania has identify industrialisation as a factor to the economic development and strategic improvements. This will help to better  the infrastructure that is already in place. Meanwhile over the years, the sectors has create job opportunities for many citizens.

Meanwhile with the various effort in place to solve this problem , will the Industrialisation help the economy because so far it has faces challenges?

Let’s hear your take in the comment section below.

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