Tanzanian
traders who operate their businesses between China and Tanzania have
formed a special company that gives opportunity to Small and Medium
Enterprises (SMEs) to easily import goods from China.
The firm dubbed ‘China World Buz’ formed by Tanzanian business people is meant to assist SMEs to import goods from China at a reasonable cost, with bigger returns.
Briefing reporters in Arusha over the weekend, the company’s Executive Director, Justine Luvanda said the programme is meant to provide a relief to businessmen and women with limited capital to boost their financial capitals by importing Chinese goods with small amount of money.
“What we are doing now is to educate business people on how to get involved in the platform,” Luvanda said, adding that the new form of business will help the business community excel.
When asked about the security of the arrangement, the official assured the public saying: “This business is very transparent, people should be aware of that and when loss occurs during importation they will be compensated by this company.”
Shafii Swed, the firm’s Executive Officer in Tanzania described the company as the first and very unique in the country, “We are licensed to do this.”
The firm also tries to cement business and bilateral relations between Tanzania and China.
Justine Luvanda, China World Buz, Executive Director
The firm dubbed ‘China World Buz’ formed by Tanzanian business people is meant to assist SMEs to import goods from China at a reasonable cost, with bigger returns.
Briefing reporters in Arusha over the weekend, the company’s Executive Director, Justine Luvanda said the programme is meant to provide a relief to businessmen and women with limited capital to boost their financial capitals by importing Chinese goods with small amount of money.
“What we are doing now is to educate business people on how to get involved in the platform,” Luvanda said, adding that the new form of business will help the business community excel.
When asked about the security of the arrangement, the official assured the public saying: “This business is very transparent, people should be aware of that and when loss occurs during importation they will be compensated by this company.”
Shafii Swed, the firm’s Executive Officer in Tanzania described the company as the first and very unique in the country, “We are licensed to do this.”
The firm also tries to cement business and bilateral relations between Tanzania and China.
SOURCE:
THE GUARDIAN
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