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The Shanghai Linghang Group plans Dar es Salaam as its major choice for investments in the East Africa Region. The company stated that many Small-Scale Entrepreneurs (SMEs) will benefit from these investments.
The Shanghai Linghang Group plans Dar es Salaam as its major choice for investments in the East Africa Region. The company stated that many Small-Scale Entrepreneurs (SMEs) will benefit from these investments.
The investor has so far injected 120 million US dollars to construct a mall at Ubungo where petty traders, medium and big businesses are expected to take advantage of it by meeting wholesalers and manufacturers directly. The Shanghai Linghang Group has come up with a project dubbed ‘East Africa Businesses & Logistics Centre (EACLC) and is determined to seriously invest in Tanzania and encourage big investors from China, India, Malaysia, Dubai and other countries to inject their money in key economic areas so that the win-win situation is realised.
Part of their plans is to help businesspersons and Tanzanians of all levels to have a reliable shopping centre for displaying and selling plus accessing and buying all sorts of goods at a reliable centre. EACLC will become a new industrial city dominated by the modern comprehensive trade and logistics industry, integrating wholesale, retail, logistics, warehousing, exhibition, culture, cross-border e-commerce, tourism and trade and other functions. The mall is expected to attract traders from different countries in East Africa including Kenya, Uganda, Congo, South Sudan, Malawi and Zambia and other neighbouring countries.
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The Shanghai Linghang Group was the main sponsor of the 2023 Tantrade exhibitions. About 1578 local companies and 179 foreign companies from 19 foreign countries participated in the 47th Dar es Salaam International Trade Fair (DITF). Some of the countries which participated in this year’s DITF were China, India, Turkey, Kenya, Rwanda, Singapore, Indonesia, United Arab Emirates (UEA), Burundi and Iran. Others were Syria, Pakistan, Algeria, Ghana, Malaysia, Uganda, and Japan.
