THE delegation of the European Union (EU) to Tanzania has organised a series of activities to be conducted this year for the East African nation to continue attracting more investors, enhance economy, trade and political cooperation
Some of the major events that will be conducted by the EU delegation for the year 2023 include the business forum that will bring together investors from EU member states and their Tanzanian counterparts.
The two sides that have been enjoying bilateral ties in the past 47 years.
Addressing a press conference yesterday, the head of EU delegation to Tanzania Ambassador Manfredo Fanti said the forum that will be held next month, will also play a role in attracting European investors to Tanzania.
“It will also create a way for improvement on trade cooperation between EU members and Tanzania,” he said.
“There will also be high level visits by leaders from EU member states to Tanzania as well as political dialogue to be done with the government through the Ministry of Foreign Affairs and East African Cooperation,” added the diplomat.
He went on to explain that, during the year 2022, the political cooperation between the two parties recorded a positive progress that was attributed to a visit that President Samia Suluhu Hassan made to the EU and other member states.
“Also, there were official visits by various government leaders to EU member states, also European leaders visited Tanzania, this shows that the cooperation has been so dynamic,” he explained.
In February last year, President Samia visited France and the headquarters of the European Commission (EC) in Belgium.
While in the countries, Dr Samia met with her counterparts for official talks, which enabled Tanzania to secure a grant of 425 million Euros, estimated at 1.15tri/- from the EC to fund various development projects.
The funds are to be used in various development projects for the next three years in the country, revealed President of the Commission, Ursula von der Leyenwhile during a meeting with President Samia in Belgium.
A statement issued by the Directorate of Presidential Communications in February last year had it that Tanzania planned to spend the 180 million Euros equivalent to 480bn/-, on three projects, including the upgrading of digital systems.
Another area is strengthening the social well-being of Tanzanians based on gender equality where 284bn/- would be spent.
The statement further indicated that 197.3bn/- would go for the Green Cities project, whose first phase would include Tanga, Mwanza and Pemba.
Regarding the trade and economic ties, Ambassador Fanti noted that the EU continued to support Tanzania by putting in place policies that supported smooth importation of Tanzania goods and products to European countries.
He said, EU has a policy that allows free importation of goods and products that are made in Tanzania, the move aims at supporting economic growth of Tanzanian businessmen as well as increasing the balance of trade.
Moreover, the EU has been constantly supporting Tanzania’s with average grants of 105 million Euros (264.4bn/-) every year for implementation of various development programmes.
“The grants have been channeled to support various sectors such as energy, rural development, gender issues, environment and climate change business development for the private sector. We are overall pleased with the quality of implementation of the development projects in the country,” he explained.
“We are also supporting the blue economy sector at a budget of 110 million Euros (around 277bn/-) that are meant to cover three main areas such as environmental protection, sustainable use of marine resources as well as policy issues,” he noted further.
Source: allafrica.com
Share this news
This Year’s Most Read News Stories
Tanzania: Samia Hands Over NBC’s 354m/ – Crop Insurance Compensation to Farmers Affected By Hailstorms
President Samia Suluhu Hassan, has handed over a cheque of 354m/- from the National Bank of Commerce (NBC) as compensation to tobacco farmers, who were affected by hailstorms during the previous farming season in various regions across the country.
Handing over the cheque in Dodoma, the compensation is part of the crop insurance service provided by NBC in collaboration with the National Insurance Corporation (NIC).
Furthermore, President Samia has also handed over health insurance coverage to members of the Lindi Mwambao Cooperative Union based in Lindi Region, through the Farmers’ Health Insurance service provided by the bank in partnership with Assurance Insurance Company.
While visiting the bank’s pavilion at the Nanenane Agricultural Exhibition and being received and briefed by the bank’s Managing Director, Mr. Theobald Sabi, she said: “This crop insurance is one of the crucial solutions in ensuring farmers have a reliable income, without fear of challenges such as natural disasters, including hailstorms.
“I call upon all farmers in the country to make the best use of this important opportunity by accessing these kinds of insurance services. I also highly commend NBC and all the stakeholders participating in this programme.”
Elaborating further on the crop insurance service, the Minister of Agriculture, Hussein Bashe, stated that it will help to recover the loss farmers incurred, especially in various calamities beyond their control.
Citing them as floods, fires, and hailstorms, which have significantly affected the well-being of farmers and caused some to be reluctant to invest in the crucial sector, Mr Bashe added: “However, our President, this step by NBC is just the beginning, as this is the second year since they started offering this service, and the results are already visible.
Sign up for free AllAfrica Newsletters
Get the latest in African news delivered straight to your inbox
“As the government, we promise to continue supporting the wider implementation of this service, with the goal of ensuring that this crop insurance service reaches more farmers.”
ALSO READ: NBC participates in TFF 2023/24 awards, promises to enhance competition
On his part, Mr Sabi said that the farmers who benefited from the compensations are from 23 primary cooperative unions in the regions of Shinyanga, Geita, Tabora, Mbeya, Katavi, and Kigoma.
He added: “In addition to these insurance services, as a bank, through this exhibition, we have continued with our programme of providing financial education and various banking opportunities to farmers, alongside offering them various loans, including loans for agricultural equipment, particularly tractors, to eligible farmers.:
At the NBC booth, President Samia also had the opportunity to be briefed on the various services offered by the bank to the farmers namely crop insurance and health insurance services.
There, the President had the chance to speak with some of the beneficiaries of the services, including the Vice-Chairman of the Lindi Mwambao Primary Cooperative Union, Mr. Hassan Mnumbe, whose union has been provided with a health insurance card from the bank.
Source: allafrica.com
The reason internet speeds in Tanzania still lag behind
Vodacom Tanzania was placed 16th at 17. ’08 Mbps, while Airtel Tanzania was ranked 18th available on 12. 89 Mbps.Continue Reading
Tanzanian insurance firms upbeat after first quarter business growth
Total gross written premiums for the insurance industry have increased by 13.68 percent in the first quarter of 2024, with small and medium-sized companies showing higher growthContinue Reading
