French companies in Tanzania for investment mission

French companies in Tanzania for investment mission

Dar es Salaam. Over 22 representatives from French companies, accompanied by government officials, are currently in the country to explore diverse business prospects spanning energy transition, infrastructure, transport, tourism, and sustainable cities.

The visit highlights the potential for strengthened economic relations and inventive collaborations between the two nations, with a shared goal of fostering mutual economic growth.

Through the exchange of expertise and investments in key industries, both economies aim to reap significant benefits.

At the second French-Tanzania Business Forum that started on May 27, 2024, the Special Advisor to the minister for Smart and Sustainable Cities at France’s Ministry of Foreign Affairs, Gerald Wolf, highlighted that several companies are poised to make immediate investments in the aforementioned sector.

This underscores the promising momentum for strengthening economic ties between France and Tanzania.

“We are actively seeking opportunities to identify suitable partners across various sectors. Tanzania holds tremendous potential for opportunities, and we have high expectations for fruitful collaboration due to its vast array of possibilities,” he said.

According to him, Tanzania has huge potential in agriculture and is strategically located in eastern and southern Africa.

This advantageous position is further bolstered by its connection to the Standard Gauge Railway (SGR) and Metre Gauge Railway (MGR), enabling the export of soft commodities and imports through the Dar es Salaam port.

In accordance with the Memorandum of Understanding (MoU) concerning the commercialization of Uganda’s discovered petroleum resources, feasibility studies were conducted to explore the development of a crude oil export pipeline from the Albertine Graben in Uganda to the East African Coast.

The objective was to identify the most cost-effective route for transporting Uganda’s crude oil to international oil markets.

The Hoima (Uganda)–Tanga (Tanzania) route was found to be the most economic and robust route option since it was more secure, had less constructability and logistical constraints, and had an already operational port, resulting in the lowest possible tariff.

The French ambassador to Tanzania, Mr Nabil Haijaoui, said that France is focused on fostering stronger economic ties and promoting sustainable development through a series of insightful discussions and strategic meetings.

The aim of the tour is to bolster trade and investment by establishing a global gateway for businesses from both countries to thrive.

Participants will also have the opportunity to engage with representatives from major financial institutions such as the World Bank, the International Finance Corporation (IFC), the French Development Agency, the African Development Bank, and the European Investment Bank (BEI).

Tanzania ambassador to France, Ali Mwadini, said that things are happening, adding that when people come to Tanzania, it means it has a lot of things that have attracted them.

“We have many reasons to work together because our location is unique; many countries share borders with us. This is why Tanzania has been reviewing policies to attract investments into the country,” he said.

According to him, discussions are currently underway with a number of French companies to invest in several projects, including the Standard Gauge Railway (SGR), although he refrained from providing detailed explanations at this time.

In the context of profound changes in economies, demographics, and the rise of digital societies, the ambassador emphasised their mission to promote the freedom of enterprises and entrepreneurship.

To achieve this goal, the embassy takes initiatives aimed at enabling companies to capitalise on a favourable legislative and regulatory environment across economic, fiscal, social, environmental, and societal domains.

This facilitates the expansion of their activities both within France and abroad.

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Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response
Tanzania Foreign Investment News
Chief Editor

Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response

Tanzania Declares Marburg Outbreak – Africa CDC Mobilizes Immediate Response

Addis Ababa, January 20, 2025</Strong> — Tanzania has declared a Marburg virus disease (MVD) outbreak after confirming one case and identifying 25 suspected cases in the Kagera Region of Northwestern Tanzania. The Marburg virus, a highly infectious and often fatal disease, is similar to Ebola and is transmitted to humans from fruit bats and monkeys. This outbreak marks the nation’s second encounter with the deadly virus, following the outbreak in Bukoba District of Kagera Region in March 2023, which resulted in nine cases and six deaths.

In response to this urgent threat, the Africa CDC is mobilizing strong support to help Tanzania contain the outbreak. A team of twelve public health experts will be deployed as part of an advance mission in the next 24 hours. The multidisciplinary team includes epidemiologists, risk communication, infection prevention and control (IPC), and laboratory experts to provide on-ground support for surveillance, IPC, diagnostics, and community engagement.

The Director-General of Africa CDC, Dr. Jean Kaseya, has engaged with Tanzania’s President Samia Suluhu Hassan and the Minister of Health to ensure coordinated efforts and secure political commitment for the response.

“Africa CDC stands firmly with Tanzania in this critical moment. To support the government’s efforts, we are committing US$ 2 million to bolster immediate response measures, including deploying public health experts, strengthening diagnostics, and enhancing case management. Building on Tanzania’s commendable response during the 2023 outbreak, we are confident that swift and decisive action, combined with our support and those of other partners, will bring this outbreak under control,” Dr. Kaseya stated.

Africa CDC has recently supported efforts to enhance the diagnostic and sequencing capacity of public health laboratories in Tanzania. PCR Test kits and genomic sequencing reagents have been dispatched, with additional supplies in the pipeline. To ensure rapid identification and confirmation of cases, the institution will also provide technical assistance to strengthen detection and genome sequencing for better characterization of the pathogen. Additionally, support will be provided to improve case management protocols and enhance the capacity to deliver safe and effective treatment.

Africa CDC is committed to working closely with the Government of Tanzania, regional partners, international organizations, and global stakeholders, including the World Health Organization, to stop the spread of the Marburg virus.

Source: allafrica.com

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