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Twenty companies from Japan are in Tanzania to explore opportunities in agriculture, tourism, and the industrial production sector, as part of efforts to strengthen ties between the two countries.
Twenty investment companies from Japan are in the country to explore opportunities in agriculture, tourism, and the industrial production sector, as part of efforts to strengthen ties between the two countries. These companies have met with 50 Tanzanian firms to exchange experiences, share technology, and collaborate on joint business ventures, which ultimately will improve the economy of the country and increase local employment.
The Japanese investors come at a time when the total value of Japanese investment over the past 12 years has reached more than USD 11.4 million in 24 projects registered with the Tanzania Investment Centre (TIC) and managed to generate over 1,000 jobs. Japan remains a major development partner that exports goods such as vehicles and electronics, while Tanzania exports raw materials and agricultural products, including processed items such as tea and coffee.
Tanzania imports a significant number of vehicles from Japan, and is now keen on having some of the vehicle’s spare parts to be produced here in Tanzania. Additionally, the country wants to export processed products, not raw materials.
Japan’s Deputy Minister of Foreign Affairs, Hisayuki Fujii pointed out that Tanzanian and Japanese businesses will continue to meet, exchange knowledge, and collaborate, with Japanese companies bringing advanced technologies. Tanzania is one of Japan’s key partners in trade and diplomacy. The relationship between the two countries has grown even closer, which is a source of pride.
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Japanese investor Yoshiyuki Mizouchi of Tanja Company based in Karatu said his company is involved in agriculture and has been in Tanzania since 2023. He hopes that more Japanese companies will come to invest. However, they were facing various challenges, especially related to tax issues, but they were grateful to the Tanzanian government for allowing regular meetings with investors, which has helped resolve some of the challenges, and the business environment continues to improve.
