Tantrade: Sabasaba to generate US$ 445,000

DAR ES SALAAM: THE Tanzania Trade Development Authority (Tantrade) has said the upcoming Dar es Salaam International Trade Fair (DITF) is set to generate some 445,000 US dollars.

The two-week international trade fair scheduled from 28th of June to 13th of July will bring in some international companies and generate the much-needed foreign exchange. So far 400 global firms confirmed to participate in the 48th DITF starting from 28th June to 13 July.

Tantrade Director General Ms Latifa Khamis told Daily News over the weekend that the fair apart from facilitating international trade and wooing investment will also generate 445,000 US dollars.

“We [Tantrade] generate foreign exchange by encouraging more foreign exhibitors to participate at the fair. “Therefore, we expect to generate sizeable foreign currencies between June and July when foreign companies from seven countries participate at the fair,” Ms Khamis said.

The DITF organizer said so far international and local exhibitors have booked almost 50 per cent of the space for the coming Dar fair (DITF) two months ahead of the event. The success was mainly attributed to government’s efforts to woo foreign exhibitors to the fair.

Tantrade data showed that exhibitors have booked 2100 of the spaces, estimated as 47 per cent of the entire area by mid this month.

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“The target is to make sure the spaces are booked well ahead of time to enable us to carry out some rehabilitation and renovation. “The idea is to finish each and everything before the fair starts…not to continue doing some works after the fair started,” Ms Khamis said.

Tantrade planned to finalise space booking by the end of next month and allocate the spaces to exhibitors to enable them to renovate the pavilions ahead of the opening day.

One of the notable achievements of this year’s effort to attract international exhibitors will be showcased by China presenting them from three provinces up from one of last year.

China’s Shandong Province participated last year with over 150 exhibitors. So far seven countries have confirmed to participate at the exhibition—also known as Sabasaba fair. The countries are Algeria, China, Egypt, Indonesia, Türkiye, Korea and Japan.