14 January 2013

Tanzania: Turkey Firm Invests in Tanzania

Photo: KLMircea
The Turkish flag.

A renowned Turkish manufacturing company dealing with electronic appliances, BEKO has opened its showroom in the country in collaboration with Modern Holdings (EA) Ltd, making Tanzania a base for expansion of its footprint in East Africa.

While inaugurating the launch at KIDA Plaza in Mikocheni B, Dar es Salaam at the weekend, Premier Mizengo Pinda stressed the need to promote and strengthen the good bilateral relations between Tanzania and Turkey.

"We are determined to develop our bilateral relations with Turkey in every field and we are happy to see world class Turkish producers in our country," said the premier. According to Premier, Turkey's exports to Tanzania in 2011 were $170.7 million compared to $89.3 million posted in 2010.

The top export categories were iron and steel ($63.1 million), petroleum products and related materials ($36.1 million). Mr Pinda said Tanzania's exports to Turkey were $21.7 million in 2011, an increase of 52 per cent compared to $14.3 million in 2010. The top five export categories for 2011 were tobacco and tobacco products.

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