The China-Africa Development Fund (CADFund) has reaffirmed its commitment to prioritizing Tanzania in its investment and business financing plans.
This assurance was made during a high-level meeting held on June 17, 2025, in Beijing, China, between Tanzania’s Minister for Foreign Affairs and East African Cooperation, Hon. Ambassador Mahmoud Thabit Kombo (MP), and the Chairman of CADFund, Mr. Wang Shaodan.
During the meeting, Minister Kombo expressed Tanzania’s appreciation for CADFund’s continued support and investments in various sectors across the country.
These efforts are part of broader cooperation under the Forum on China-Africa Cooperation (FOCAC). The Minister encouraged the Fund to increase the amount of financing dedicated to Tanzanian projects.
Mr. Shaodan highlighted the strong ties between China and Tanzania, noting that since its inception in 2006, CADFund has signed agreements for projects in Tanzania worth over USD 800 million. Currently, the Fund is supporting active projects valued at more than USD 73 million in the country.
Tanzania has benefited from CADFund investments in a wide range of sectors including agriculture, cement production, broadcasting, and information and communication technology.
The Fund is also preparing to invest in a major upgrade of the TAZARA railway, a vital transportation link between Tanzania and Zambia. Other priority areas for investment include industrial development, infrastructure, and logistics.
Minister Kombo described the Tanzania–China partnership as “unique and exemplary,” and called on CADFund to explore additional investment opportunities, especially in key sectors like soybean farming, mineral value addition, and tourism.
These areas reflect new directions in Africa-China cooperation discussed during a recent FOCAC follow-up meeting in Changsha, China.
The meeting also emphasized CADFund’s ongoing collaboration with the private sectors of both countries to boost trade and investment.
In support of this effort, Mr. Wu Guohua, President of the China Development Bank, announced that the Bank has allocated USD 60 million to financial institutions in Tanzania to help empower micro, small, and medium-sized enterprises (MSMEs) a move expected to stimulate entrepreneurship and create more jobs.
