Tanzania and the United States have inked seven agreements for commercial initiatives that are expected to be executed in Tanzania by American investors and firms.
The $5.04 billion initiatives with significant private sector enterprises are expected to result in the creation of almost 301,110 jobs in agriculture, tourism, commerce, and other areas of the economy.
Other initiatives will focus on improving the northern Circuit’s or Tanzania’s tourist industry’s value chain operations by modernising promotion, services, and product diversification.
Tanzania and the Japan International Cooperation Agency (Jica) signed a new partnership agreement earlier this month to help decongest Dar es Salaam.
For the first time in Tanzania’s economic growth trajectory, the “Transit-Oriented Development (TOD) for Dar es Salaam” initiatives will be collaboratively undertaken to boost urban development in conjunction with public transportation facilities and services.