A Tanzania-China Business Forum was held today at the Dong Fang Hotel in Guangzhou, China. The Forum was organised in partnership between the Tanzania Investment Centre (TIC) and the China Africa Business Council-CABC and was attended by participants from China and Tanzania. Tanzania Investment Centre Executive Director Julieth Kairuki said that a total of 46 companies and institutions investing and trading in Tanzania were participating in the forum and the CABC had 44 companies registered to take part in the forum.
President of Chinese feed machinery manufacturers Muyang, Fan Tianming, was invited to participate in this event. Tanzanian Prime Minister, Mizengo Pinda, met with the President of Muyang, Fan Tianming, on the afternoon of the 24th as the two sides held friendly talks. Fan Tianming gave an introduction of the African market which is a key market and area of high growth for the company.
China and Tanzania, share a good relationship, and next year will mark the 50th anniversary of establishment of diplomatic relations with Tanzania. China and Tanzania are currently in frequent contact, and look to deepen exchanges and business cooperation in this important period. In recent years, Tanzania's agriculture, infrastructure has seen a growing inflow of foreign capital into the country, and there is forecast to be steady growth in the coming years.
The animal feeds industry in Tanzania dates back to 1965 when the Unga Feeds Company of Kenya installed a small feed mill in Dar es Salaam specifically to supply feeds to Dar es Salaam and Kilimanjaro regions. In 1982 the Tanzania Animal Feed Company (TAFCO) as a parastatal was formed whose mandate was to produce animal feeds for poultry, cattle and pigs. However the company faced several operational problems including lack of funds to replace feed production machinery which resulted into the company being unbearable and declared insolvent and place under receivership in 1989. In Tanzania the feedstuffs account for about 60% of production costs of farm animals.
