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China wants more protection for its investors in Tanzania

Discussion in 'International Forum' started by BAK, Mar 11, 2010.

  1. BAK

    BAK JF-Expert Member

    Mar 11, 2010
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    China wants more protection for its investors in Tanzania

    By The guardian reporter

    10th March 2010

    The Chinese embassy in Dar es Salaam has expressed increased concern for the safety of its nationals doing business in Tanzania. There are more than 100 Chinese companies doing business in Tanzania with an accumulated direct investment of more than 200 million U.S. dollars in construction, textile, agriculture, medicine and infrastructure, according to the Chinese news agency Xinhua.
    Security measures should be strengthened to protect the safety of Chinese investors in Tanzania, a senior Chinese embassy official Fu Jijun said on Sunday.
    The political counselor of the Chinese embassy in Tanzania, made the remarks at a mourning ceremony held at Kariakoo market in Dar es Salaam following the death of a Chinese businessman killed inside his house by bandits on February 28 this year. The murder was one of several targeting the Chinese.
    Xinhua says Fu expressed his condolences to the victim and his family at the memorial service, noting that the Chinese embassy is communicating with the Tanzanian police authorities and the Ministry of Home Affairs on efforts to bring the murderer to justice as soon as possible, and to improve the security situation in Dar es Salaam.
    He also called on the local Chinese community to take practical measures to protect their own safety and property as security has deteriorated recently in the country's capital.
    Effort by The Guardian to get a comment from Inspector General of Police (IGP) Saidi Mwema, Home Affairs Minister Lawrence Masha , and Director of the Tanzania Investment Centre (TIC) Emmanuel ole Naiko failed yesterday as their phones were not being picked or were unreachable.
    In a statement, the Chinese Business Chamber of Tanzania demanded that the Tanzanian police speed up the investigation on the murder, also calling on the government to improve safety environment for investment, which is the common concern of the Chinese community.
    Reports in 2008 showed business between China and Tanzania was brisk. Trade volume hit USD102.1 million in 1997, a jump of 22.1 percent over the previous year, official sources said.
    The growth rate of trade between the two countries has developed steadily since 1994, surpassing the 15 percent mark for three years in a row, Ma Zhihe, Chinese Economic and Commercial Representative had told Xinhua.
    The rise of the trade was attributed to political stability and economic reforms in Tanzania, which had increased the confidence of Chinese businessmen.
    The official revealed that Tanzania has mainly been importing consumer goods.
    One Chinese was killed and another seriously injured in an armed robbery late in March last year. Eyewitnesses said three gunmen came to the shop on motorcycles and opened fire at the two Chinese who were attending their shop in the city's Kariakoo area before looting the shop.
    Fu Jijun, the then charge d'affaires of the Chinese embassy to Tanzania, told Xinhua that he had already notified related institutions of the Tanzanian government, demanding a fast and definite solution to the robbery case. The official also sought due protection for Chinese businessmen in Tanzania.
    In August last year, the Tanzania Minister for Agriculture, Food Security and Cooperatives, Stephen Wasira, announced that the country welcomed the Chinese to come in, especially to invest in agriculture.
    "Tanzania welcomes Chinese investment and is expecting more investment in the agriculture sector to boost bilateral cooperation and enhance food production," he said in a phone interview with Xinhua.

  2. bona

    bona JF-Expert Member

    Mar 11, 2010
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    the so called investors who are normally attacked are basically chinese wamachinga, they are selling nuts at kariakoo, they are selling mitumba, ice cream, lambalamba, vibakuli cjui wanapewa bure uko kwao kwani they are selling extremely cheap, wanaowa attack ni wamachinga wa kitanzania ambao wanaona wanapushiwa out of business, investors wanaojenga barabara, majengo hawawi attacked for sure!
    kwao hao wamachinga wa kichina kwa kweli acha tu watu wawape kubwa maana wamezidi, sasa vijana wetu waende wapi?