The government is eyeing to increase the number of large industries by nearly 12-fold by year 2025 as it implements a new industrial scheme that is expected to employ 100,000 people directly.
According to Investment, Industry and Trade Minister Ashatu Kijaji, Tanzania has 618 large-scale industries but only 41 of them can employ over 500 people each.
However, the number is expected to increase to 541 by year 2025.
Tabling the ministry’s budget for 2022/23 in Parliament, Dr Kijaji said a Chinese company, Sino Tan Kibaha Industrial Park Limited, is developing a $3 billion investment in the Coast Region.
“The development of the project has already started and its 1st phase will complete in 2024,” she told the National Assembly in Dodoma on 6th May 2022.
“The investment will make Tanzania a hub for industrial products in the African common market,” she added.
