(3 Minutes Read)
Tanzanian American Chamber of Commerce opened an office in North Dallas and is looking to mobilize investments from the USA in Tanzania’s critical minerals, including graphite and lithium, that are globally sought for electric cars. The Chamber was launched by Dallas Mayor Eric Johnson.
The Tanzanian American Chamber of Commerce President and CEO, Ben Kazora, stated that the chamber, among other things, works to promote U.S.-Tanzanian trade and tourism and bolster the city’s foreign relations credentials. This is purely a private sector initiative; and the chamber will mobilize US investors to invest in Tanzania as well as advocate for friendly policies in Tanzania. Given this, he said they work on mobilizing investment in Tanzanian critical minerals that are globally sought for electric cars.
Research has shown that Tanzania has huge potential in those minerals, especially as its reserves of lithium are second in the world and graphite deposits are fifth worldwide. He further noted that the chamber is also looking to promote the Africa Growth and Opportunity Act (AGOA), which Tanzania has not taken advantage of. One of the main objectives is to encourage Tanzanians to improve goods and services to meet American standards and identify tourism as a major sector.
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Meanwhile, the Dallas Mayor said the relationship with Tanzania and Africa as a whole has been one of their most important international relationships. Dallas is home to some of the largest African immigrant communities in the United States. He underscored Dallas’ pivotal role in fostering robust trade and commerce, particularly in the context of U.S.-Africa relations, further solidifying the city’s reputation as a global business hub. He said his goal was to bring more foreign businesses to Dallas and make it an international hub for business and trade.
