Tanzanian Contractors Keen On Joint Ventures With Foreigners

Dar es Salaam — Contractors are seeking joint ventures (JVs) with foreign companies which operate in Tanzania, targeting a minimum 30 per cent return from the projects they carry out together.

This, they say, should help them to grow - arguing that joint ventures, if properly managed, would go far in improving the operational capacity of the locals to such an extent that they would reach par and be able to successfully compete with most foreign companies in securing construction jobs in the country.

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