Tanzania to Cease Steel Imports Amid Growth in Local Production

Tanzania will halt steel imports following a remarkable increase in local production capacity. Minister Kitila Mkumbo reported that the country now meets its domestic steel needs through 19 local factories, which together can produce 1.2 million tonnes of steel. This strategic development also enhances regional trade relations and highlights the government’s supportive investment framework.

The Tanzanian government has announced its decision to cease steel imports due to significant growth in domestic production, marking a substantial milestone in its industrialization strategy. During a recent tour of Lodhia Industries in Mkuranga District, Kitila Mkumbo, the Minister in the President’s Office Responsible for Planning and Investment, emphasized that the advancements in local steel production capacity represent a transformative development. He noted that the country now boasts a robust steel industry that meets and exceeds local demand, facilitated by 19 major steel manufacturers.

In conclusion, the cessation of steel imports in Tanzania underscores the successful growth of local industries and the government’s ongoing commitment to fostering a conducive investment environment. With considerable local production capacity and significant investments in the steel sector, Tanzania is poised to enhance its industrial capabilities and strengthen regional trade relations.

Original Source: www.newtimes.co.rw