Tanzania: Chinese Company Foton Motor to Assemble Trucks in Tanzania

20 November 2018

Chinese automaker Foton Motor Company is set to establish a truck assembling plant in Tanzania as it gears towards extending its foray in the East Africa region. The automobile maker strategy to set up the facility is in line with the country's fifth phase government target's on industrialization. President John Magufuli has pushed the dream in the country as he looks to make a significant impact before his time come to an end.

Manufacturing is a prioritized sector that has high potential to catapult the country's dream of becoming a middle-income economy by 2025. The goal has spurred the interest of many foreign investors to seek business opportunities. The Head of State has worked to establish a conducive environment for foreign businesses and support the local sector.

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