The second edition of the Tanzania International Manufacturers Expo (TIMEXPO 2024), held from September 26th to October 2nd, 2024, at the Saba Saba Grounds, was an overwhelming success, attracting over 10,500 attendees and showcasing the potential of Tanzania's manufacturing sector. With 257 exhibitors presenting a variety of manufacturing innovations, the event served as a vital platform for both local and international businesses to explore new opportunities and foster growth.
A Celebration of Industry and Innovation
TIMEXPO 2024, supported by seven key sponsors including Mati Super brand, EFM Media, Tanzania Commercial Bank (TCB), Ashton Media, Bonite Bottlers, Coca Cola and Letshego Faidika Bank whose partnership and commitment greatly enhanced the impact and reach of TIMEXPO 2024. The expo provided an opportunity for manufacturers to display their cutting-edge products and services while also allowing them to network with potential investors, government officials, and industry leaders.
The opening ceremony was officiated by Hon. Dotto Biteko, the Deputy Prime Minister of Tanzania, who emphasized the importance of local industries in the nation's economic growth. The closing ceremony was presided over by Hon. Selemani Jafo, the Minister of Industry and Trade, marking the conclusion of a week filled with dynamic exhibits, discussions, and networking.
In addition to the exhibition, the event featured workshops, panel discussions, and live demonstrations focused on various aspects of industrial growth and innovation. These sessions provided attendees with valuable insights into the future of manufacturing in Tanzania and beyond.
Health and Entertainment Initiatives
Beyond the business-focused elements, TIMEXPO 2024 also prioritized community engagement. Muhimbili National Hospital participated by offering free health screenings, which attracted a significant turnout and contributed to the health and wellbeing of the local population. The event also featured a lively entertainment program, contracted through EFM, which brought local artists to the stage, creating an energetic atmosphere and ensuring that attendees enjoyed the event in both a professional and social capacity.
Key Directives from the Deputy Prime Minister
During his speech, Hon. Dotto Biteko outlined a series of important directives aimed at improving Tanzania's manufacturing landscape. These directives are crucial for the future of industrial growth in the country:
1. Mandatory Industry Participation: All local councils are instructed to ensure that industries under their jurisdiction actively participate in showcasing their products. This will help facilitate both domestic and international market access, increasing the sales of locally produced goods.
2. Support for Local Manufacturers: Hon. Biteko emphasized that the origin of this exhibition stems from government directives under former President Dr. John Pombe Magufuli to promote Tanzanian-made products. He expressed satisfaction with the ongoing efforts by CTI and TANTRADE to implement these directives.
3. Quality Assurance: Regulatory authorities and stakeholders were urged to uphold product quality standards to ensure that Tanzanian products remain competitive in the global market.
4. Tax Compliance: The Deputy Prime Minister called on business owners and manufacturers to fulfill their tax obligations, contributing to the development of the nation’s infrastructure and industrial capabilities.
5. Energy Access: Hon. Biteko also announced that Tanzania’s electricity challenges have been resolved, encouraging manufacturers to leverage the power supply for enhanced production.
6. Addressing Barriers to Progress: A key point in his address was the recognition that some institutions act as barriers to growth. He called on these institutions to become enablers of progress, ensuring that regulations do not hinder the development of the manufacturing sector.
Closing Remarks and Directives from the Minister of Industry and Trade
In the closing ceremony, Hon. Dr. Selemani Jafo, Minister of Industry and Trade, underscored the importance of collaboration between the government, financial institutions, and the private sector to foster industrial growth. He issued the following directives:
1. Reducing Interest Rates: Banks were urged to lower interest rates to make it easier for local investors to access capital, crucial for expanding manufacturing ventures.
2. Continued Government Collaboration: The Minister emphasized the importance of ongoing dialogue between the government and its institutions to resolve challenges faced by investors and manufacturers.
3. Regulatory Changes: The Ministry of Industry and Trade is expected to bring significant changes to remove barriers to industrial investments, ensuring that investors operate in a more favorable environment.
4. Participation of Government Agencies: Hon. Jafo directed key regulatory and facilitative institutions like SIDO, BRELA, TBS, TMDA, and FCC to play an active role in future exhibitions, providing public education, addressing challenges in the industrial sector, and ensuring effective service delivery.
Fostering a Bright Future for Tanzanian Manufacturing
The Tanzania International Manufacturers Expo (TIMEXPO 2024) successfully showcased the vibrant potential of Tanzania's manufacturing sector and highlighted the government's commitment to supporting industrial growth. The Expo served as a significant milestone in the country's efforts to promote locally manufactured goods, encourage innovation, and create a conducive environment for business.
With robust support from government officials, sponsors, and industry stakeholders, TIMEXPO 2024 provided an invaluable platform for manufacturers to expand their networks, showcase their innovations, and access new opportunities. The directives issued during the event will play a pivotal role in shaping the future of Tanzania’s manufacturing sector, making it a key player in the global marketplace.
Tanzania International Manufacturers Expo (TIMEXPO 2024): A Landmark Event in Industrial Growth