German Giants Bosch to Invest in Tanzania

The Germany Technology Giants, Bosch Company are eyeing the Tanzanian tech market. This comes after the firm held a high priority meeting with the Minister for Investment Angela Kairuki in Tanzania Investment Centre’s (TIC) office, Dar es Salaam on February 6th, 2019.

Bosch Company are world leaders in the engineering and electronics industry whose core operating areas are spread across four business sectors; mobility solutions (hardware and software solutions), consumer goods (including household appliances and power tools), industrial technology (including drive and control) and energy and building technology.

After realizing the country’s enormous potential for growth and opportunities, including automotive assembly, the delegation expressed strong interest in investing in Tanzania in various technological solutions.

The Deputy Ambassador of Germany to Tanzania, Jörg Herrera, led the Bosch delegation.

According to Mr.Uwe Raschke who is the member of the board of management of Bosch, said that their company is aiming to invest in cost-efficient gas-using-heaters for real estate developers, fleet efficiency systems for transporters, mining technologies, railways and airport communications, and safety solutions.

Further, Mr.Raschke who is additionally accountable for coordinating activities in Western Europe, Middle Eastern Europe, Russia, the Middle East, and Africa noted the other areas they are looking to venture in is the construction of automobile inspection centers and automobile repair centers.

According to Mr.Uwe Raschke, who is a member of Bosch’s top management, asserted that their company aims to invest in cost-effective gas heaters for real estate developers, transport fleet efficiency systems, mining technologies, railways and airport communications, and security solutions.

He noted how their company seeks local partners to implement their plans, which include knowledge transfer by working with vocational training centers to train local people on the technical skills of using the technologies they bring.

The company is expected to start franchising 50 state – of – the – art repair centers for automobiles, which would cost them Tshs.787 million ($ 342,391), and local partners would contribute up to Tshs.26.2 million ($ 11,413) per center.

In Africa, Bosch has invested in 13 countries and its latest destination in Tanzania.

The company’s instrumentality is anticipated to be used at Julius Kambarage Nyerere Airport’s recently completed terminal three, which is able to facilitate half dozen million passengers annually, together with parking tons, access roads, platforms, and taxiway.