Chinese-invested Steel Factory Launched In Eastern Tanzania
ARUSHA - Tanzanian President John Magufuli on Wednesday launched the Chinese-invested steel factory Kiluwa Steel Group, located in the eastern district of Kibaha.
Speaking at its official launch, President Magufuli commended the Chinese investors for choosing Tanzania as their
investment destination in the east African region, calling other foreign investors to follow suit.
He described the new Chinese investment as important as it is part and parcel of the government-driven industrialization agenda.
Magufuli said: "This is an important project for Tanzania as it produces quality iron bars that meet the
international standard as they are used in any bridge across the globe."
He discouraged the tendency of importing raw materials from other countries when in Tanzania there is a big
deposit of iron ore in Mchuchuma area of the southern part of the country.