Dar es Salaam. The government has requested that Saudi Exim Bank provide capital to Tanzanians and Saudi Arabian businessmen resident in Tanzania, allowing them to create diverse products in Tanzania and stimulate trade between the two nations.
A statement issued by the ministry of Industry and Trade yesterday, said the issue was raised at a meeting between minister Ashatu Kijaji and the CEO of Saudi Exim Bank, Mr Saad Alkhalb, at the ongoing World Economic Forum (WEF) meeting in Riyadh.
According to the statement, Dr Kijaji also invited Saudi Exim Bank to Tanzania to facilitate trade between the two countries by providing loans with concessional terms to contractors who carry out their work in Tanzania.
“We need to enable our businesses to make quality items in sufficient numbers to compete anywhere in the world,” she said.
Given this, she invited Saudi Arabian businessmen to invest in the country in the sectors of agriculture, industry, livestock, energy, mining, tourism, pharmaceuticals, and real estate.
This was also said by the Kijaji when she met and held talks with the Chairman of the Chamber of Commerce and Industry of Saudi Arabia, Hassan Al-Huwaizi.
In addition, she said the Ministry of Industry and Trade, together with its institutions and Tantrade, will provide great cooperation in collaboration with institutions of the relevant sector as well as the Investment Centre. “We have many areas in the sectors mentioned that need investments, which is why we invite you to take an interest and invest,” she said.
Responding, the Executive Director of the Saudi Exim Bank, Engineer Saad Alkhalb, promised to work on the opportunities that exist between Tanzania and Saudi Arabia to facilitate capital and business efficiency for more benefits, especially in meat, fish, and fruits.
The chairman of the Chamber of Commerce and Industry of Saudi Arabia, Hassan Al-Huwaizi, and his delegation have agreed to connect businessmen and investors from Saudi Arabia to invest in Tanzania.
Dr Kijaji is leading Tanzania’s delegation to the WEF.
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Unguja. Opposition party ACT Wazalendo today officially bids farewell to its former Chairman, Juma Duni Haji, also known as Babu Duni, as part of a new policy designed to honor retired senior leaders at a ceremony held at Kiembesamaki, Zanzibar.
The initiative highlights the party’s commitment to recognizing and supporting individuals who have served with dedication and integrity.
Babu Duni, who stepped down earlier this year, was succeeded by Othman Masoud, now the First Vice President of Zanzibar.
The policy aims to provide ongoing respect and support to retired leaders, ensuring their continued recognition and contribution to the party’s development.
“Recognizing their significant contributions to the development and prosperity of the party, this policy ensures that retired leaders continue to be acknowledged and respected by both the party and the community,” the policy states.
To benefit from this policy, leaders must not have left or been expelled from the party. They must have served the party with honor and dedication. The national leadership committee will determine whether a leader has fulfilled these criteria.
The policy seeks to honor retired leaders, protect their dignity, acknowledge their contributions, leverage their ideas for the party’s growth, and support them to the best of the party’s ability.
In honoring these leaders, the party will provide a vehicle, the type of which will be determined by the national leadership committee. Additionally, they will receive a monthly allowance, with the amount also set by this committee.
Other benefits include health insurance. If a leader does not own a home, the party will cover their rent at a rate decided by the committee.
The leadership committee may also grant special recognition based on the leader’s contributions. Retired leaders will participate in decision-making meetings according to procedures outlined in the party’s constitution.
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Additionally, leaders, executives, or members with exceptional contributions to the party’s protection, advocacy, and defense may also benefit, as determined by the leadership committee.
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