Tanzania to benefit from China’s US$60 billion pledge

tanzania

The Government of the People’s Republic of China has tipped Tanzania on a great opportunity to benefit from the funds amounting to US$60 billion through energy sector investment in the country.

The revelation was made by the Ambassador of China to Tanzania Dr. Lu Youqing and his delegation when they met with the Minister of Energy and Minerals Professor Sospeter Muhongo in Dar es Salaam last week.

Dr. Lu Youqing explained that this will be implemented through the funds pledged by his country during the Sixth Meeting of the Forum of Cooperation between China and Africa held in South Africa in December, 2015.

He added that among the priority sectors in these funds included infrastructure, health, trade, investment and poverty reduction in Africa.

Ambassador of China to Tanzania Dr. Lu Youqing
Ambassador of China to Tanzania Dr. Lu Youqing

He noted that due to the good relations that have existed for decades between the two countries,China will continue to corporate with Tanzania in every aspect of development and ensure that China will continue lobbying large companies which specialize in the energy sector, particularly professional and technological firms from China, to enable them to cooperate with Tanzania in the energy sector, especially in coal-to-electricity projects.

The Ambassador added that China has great confidence in the President of the United Republic of Tanzania Dr. John Magufuli and his style of administration on various issues in the country, and Professor Sospeter Muhongo who oversees the Energy and Minerals sector in the country.

“We are willing to empower Tanzania to succeed in producing enough specialists in those fields,” he said, and adding that the efforts made by Minister Muhongo to ensure the majority of Tanzanian students have created the opportunity to study the issues of oil and gas around the globe, including China itself.

Meanwhile, China said it would continue to provide scholarships for Tanzanian students studying oil and gas related discoplines in various universities in the country due to the importance of the sector.

The Ministry of Energy and Minerals has announced opportunities for Tanzanian students studying in China universities to apply for in the fields of oil and gas to pursue Masters Degrees and PhD courses.

Source: Emmanuel Kisima for East African Business Week