On January 11th, 2024, H.E. Ambassador Baraka Luvanda had a meeting with Mr. Susumu Tsubaki, Managing Director and CEO of Asia Africa Investment and Consulting (AAIC), a holding company of Tanzania and Japan (TANJA) Co. Ltd. The discussion focused on the significant investments that AAIC/TANJA has made in Tanzania's agriculture and energy sectors through its Smart Village Project. The project aims to provide basic infrastructure in Tanzanian communities, including electricity, internet, clean drinking water, education, and healthcare services.

During his presentation, Mr. Tsubaki pointed out that AAIC/TANJA has made significant investments in modern farming practices, infrastructure development, and capacity-building efforts in Karatu. He added that they had invested approximately 1,760 hectares in large-scale plantations for coffee, macadamia, and avocados. He further stated that AAIC / TANJA intends to continue investing in sustainable farming practices, increasing agricultural output, and exploring value-added processing enterprises. He also divulged their plan to further invest in Zanzibar on spices and marine products such as crabs and seamos.  

In the energy sector, Mr. Tsubaki indicated that investments have significantly contributed to Tanzania's developing energy infrastructure, including the establishment of renewable energy projects such as solar generation facilities.

In his remarks, Ambassador Luvanda commended AAIC's vital role in Tanzania's economic development, highlighting the company's significant investments in Tanzania's agriculture and energy sectors through TANJA. He underscored the positive impact of these investments on boosting food production, creating job opportunities, and boosting the livelihoods of rural communities in Tanzania. He also lauded TANJA's significant contribution to promoting clean energy in Tanzania, which aligns with the country's commitment to sustainable development and reducing greenhouse gas emissions.

Ambassador Luvanda reaffirmed Tanzania's commitment to creating an enabling environment for foreign investment, highlighting favorable policies, efficient regulatory frameworks, and robust legal protections for investors. Mr. Tsubaki on his part, acknowledged Tanzania's efforts in creating enabling environment for investment and expressed AAIC and TANJA's commitment to continue cooperating with Tanzania on its path to economic growth. He expressed eagerness to explore further opportunities and expand investment initiatives, recognizing the abundance of natural resources and agricultural potential in Tanzania.