Tanzania is venturing into the manufacture of electrical equipment to diversify the country’s economic portfolio and to service both the African and international markets. The country is looking to be the go-to market for all of Africa’s electrical equipment needs.
An electricity equipment plant Multi Cable Limited (MCL), recently received a visit from Tanzania’s Industry and Trade Minister Dr. Ashatu Kijaji, according to Business Insider Africa. The Minister was impressed with the plant’s portfolio which includes, transformers, meters, and cables.
She commended them for already being in charge of the cable supplies for two of the country’s electricity providers including the Tanzania Electric Supply Company (Tanesco), and the Rural Electrification Agency (REA).
Dr. Ashatu Kijaji said, “Our presence in regional markets like the East African Community (EAC) and South African Development Community (SADC), ensures ready buyers for our product.”
The Minister noted that such an initiative is very vital in driving the employment of locals and empowering indigenous entrepreneurs. She noted that at least 1000 jobs have already been created by this industry, applauding the MCL and urging it to create more job opportunities via the expansion of its operations.
The Minister also mentioned that these local players have an advantage of competing in their space via the Africa Continental Free Trade Area (AfCFTA).
“The quality of products made here, certified by Tanzania’s Bureau of Standards make them competitive in AfCFTA,” the minister said.
She relayed the government’s commitment to seeing the growth of this promising sector, by creating market access for local manufacturers.