Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Saturday, May 21, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
FOCAC- The Exchange

FOCAC- The Exchange

Tanzania to participate in the first China-Africa economic and trade expo

The expo aims at improving China-Africa bilateral relations

by Salum Mohamed
April 16, 2019
in Industry and Trade, Tanzania
0
Share on FacebookShare on LinkedIn

The Tanzania Trade Development Authority (TanTrade) said in a statement issued on Wednesday that the country is set to participate in the first China-Africa Economic and Trade Expo to be held in Changsha, the capital of central China’s Hunan province between 18th and 20th June, 2019.

The body has also urged the local companies to grab the `golden chance` provided by the trade expo which will focus on trade, investment, finance, agriculture, mining, energy, tourism and infrastructure.

Officials will sign bilateral agreements during the exhibition, engage in investment promotions, and establish a “new mechanism” for future economic cooperation.

The expo is part of a slew of promises made by president Xi Jinping during last September’s Forum on China–Africa Cooperation (FOCAC) in Beijing. During his speech to African leaders, President Xi proposed eight initiatives aimed at pursuing a “win-win” strategy giving new impetus to economic, political, and security collaboration. He had specifically pointed to the changing global dynamics, noting how the international order was changing and emerging nations were rising.

To solidify relations, Xi had said Beijing will launch an industrial promotion initiative aimed at encouraging Chinese companies to increase their investments in Africa. China also promised to exempt some poorer nations from debt, increase imports from Africa, help promote African brand products, support the African Continental Free Trade Area (ACFTA), and give 100,000 scholarship and training opportunities to young Africans.

Xi also said Beijing will exempt least developed African states from paying exhibition fees at its annual high-level China International Import Expo.

China’s commitment to balancing the “win-win” strategy with Africa came as it faced allegations from American officials and others of encouraging dependency and debt. After all, Chinese lending to the continent jumped tenfold in the last five years, a borrowing spree that many worry could push debt limits to unsustainable levels.

Beijing, however, pushed against these sentiments, committing Tshs.138 trillion ($60 billion) in 2018 to development projects in Africa over the next three years. President Xi also said China won’t impose its will or interfere in African countries’ internal affairs—a point praised by leaders like Tanzania’s president John Magufuli.

Also read: Tanzania to open consulate in Guangzhou trade hub

 

 

Tags: ACFTAAfricaChinaFOCACJohn MagufuliTANTRADETanzaniaXi Jinping

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Salum Mohamed

Related Posts

Zimbabwe President Mnangagwa (with scarf) with Swiss Bioceuticals Limited at the commissioning of the cannabis farm and processing plant (Photo/ Farmers Review Africa)
Industry and Trade

Medicinal cannabis farming takes root as Zimbabwe starts licensing farmers

May 20, 2022
Africans transforming the beauty and cosmetics market. www.theexchange.africa
Industry and Trade

Africa: Women to spend more billions on beauty products as infrastructure spending grows

May 18, 2022
Tanzania and Uganda Enhance Trade and bilateral relations during Samia's state visit. www.theexchange.africa
Industry and Trade

Tanzania, Uganda scrap road tolls and allow sugar exports in enhanced bilateral relations

May 18, 2022
Next Post
A graphic showing the different countries and their status in regard to the AfCFTA. Gambia has become the 22nd nation to approve the AfCFTA giving the AU the minimum threshold for the agreement to come into force. www.theexchange.africa

Africa becomes world's largest free trade zone

The World Bank has approved a USD250 million International Bank for Reconstruction and Development (IBRD) loan to support housing projects in Kenya. The Kenya Affordable Housing Finance Project (KAHFP) will support the establishment and operationalization of the Kenya Mortgage Refinance Corporation (KMRC), a largely private sector-owned and non-deposit taking financial institution under the supervision of the Central Bank of Kenya.

How Kenya plans to deliver 500,000 houses in three years

Hisham Henda - Vodacom Tanzania CEO - The Exchange

Vodacom Tanzania pays $2.6 million settlement to free CEO




This months edition

May Edition

Features

EdTech role in African development
Tech & Business

EdTech’s role in African development

by Kanyali Muthui
May 16, 2022
0

Due to the pandemic, the topic of innovation in education has never been more crucial.  While most developed countries moved...

Read more
investment in African science and technology
Tech & Business

Investing in Africa’s science and technology: Where are we now?

by Kanyali Muthui
May 16, 2022
0

The continent’s digital revolution can largely be driven by building the necessary skills for the short- and long-term future, and...

Read more
Fintech revolution in Africa
Tech & Business

The Fintech Revolution in Africa’s FX Markets

by Kanyali Muthui
May 11, 2022
0

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions,...

Read more
www.theexchange.africa
Countries

US – Nigeria Trade Relations: An Overview

by Wanjiku Njugunah
May 2, 2022
0

Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of...

Read more
A previous conference for African Insurtech sector. The Insurtech boom is deepening insurance uptake in Africa. www.theexchange.africa
Tech & Business

Insurtech boom deepening the uptake of insurance in Africa

by june njoroge
May 2, 2022
0

Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In