On Wednesday 30th March 2022, the Deputy General Manager (Africa) of the Mitsubishi Corporation, Department for Europe, Africa and the Middle East Team, Global Strategy and Regional Management, Mr. Michael Lagowski paid a courtesy call on H.E. Ambassador Baraka Luvanda. Mr. Lagowski was accompanied by Ms Yu Horii from the same Department. The courtesy meeting was also attended by Embassy officers, namely, Mr. John Kambona, Mr. Greyson Ishengoma, Ms. Edna Chuku and Mr. Hosea Chikolongo. 

After the exchange of courtesies, Mr. Michael Lagowski thanked Ambassador Luvanda for giving an early audience and made a presentation about the company profile. 

Mr. Lagowski explained in detail about Mitsubishi Corporation business worldwide which has a global network of around 1,700 group companies in approximately 90 countries and regions worldwide, Headquartered in Tokyo, Japan. Within the African continent, the company has 11 offices in 11 African countries including, its liaison office in Tanzania. He added that the company has 10 Business Groups that operate across, on the areas of Natural Gas, Industrial Materials, Petroleum and Chemical Solution, Mineral Resources, Industrial Infrastructure, Automotive and Mobility, Food Industry, Consumer Industry, Power Solution and Urban Development. 

Mr. Lagowski informed that the company is currently planning to invest more in Tanzania based on the favorable investment climate in the country at present. He further informed that the company has already implemented two investment projects in Tanzania in power infrastructure and trade, namely, Rehabilitation of Substation and Transmission Line in Kilimanjaro Region and importation of Sesame from Tanzania to Japan about 2000 tons per year. He also pointed out that during the implementation of the power infrastructure project in Tanzania; the company was faced with a few challenges related to tax exemption and he was hopeful that they could be resolved once for all.

Ambassador Luvanda thanked Mr. Lagowski for an informative presentation and supported the company’s move to invest more in Tanzania. He assured that the he would follow up on the challenges raised with the respective authorities in Tanzania. He also assured Mitsubishi Corporation about a current friendly and conducive investment environment in Tanzania with predictable legal, policy and institutional frameworks, favoring domestic and foreign investments.

Mr. Lagowski appreciated for Ambassador Luvanda’s assessment of the business situation in Tanzania and for the warm reception welcome they received and promised to keep the Embassy informed regarding their future interaction with Tanzania.