Tanzanian High Commissioner in UK facilitates diaspora investment talks with London Stock Exchange

Tanzanian High Commissioner in UK facilitates diaspora investment talks with London Stock Exchange

Dar es Salaam. Tanzania’s High Commission in the UK is fostering investment opportunities for Tanzanian companies through collaboration with the London Stock Exchange (LSE).

The High Commissioner, Ambassador Mbelwa Kairuki said on Tuesday, March 19, 2024 that the Tanzanian Embassy is working closely with the LSE’s African investment desk to connect Tanzanian businesses with the LSE platform, aiming to facilitate capital raising endeavors.

The announcement was made in anticipation of the upcoming Tanzania diaspora youth talk scheduled for May 5th this year. Kairuki highlighted the embassy’s concerted efforts to engage second-generation Tanzanian diaspora, many of whom were born and raised abroad and are actively involved in various sectors internationally.

“Our aim is to reshape perceptions regarding development issues and opportunities, encouraging diaspora youth to leverage their skills, education, and familiarity with global issues to contribute to Tanzania’s development,” stated Kairuki.

Emphasizing the pivotal role of the LSE’s African investment desk, Kairuki expressed gratitude for the significant support extended, foreseeing numerous Tanzanian companies benefitting from the collaboration.

Furthermore, Kairuki noted the partnership with the British International Investment, a group comprising second-generation diaspora, which has facilitated investments totaling approximately £300 million within a short span. He attributed the success to the attachment of decision-makers to Africa.

Highlighting the untapped potential of second-generation diaspora, Kairuki underscored the importance of nurturing a connection between them and their homeland. He stressed the significance of bridging cultural divides to ensure their active involvement in Tanzania’s development endeavors.

“If we fail to establish a bond with them, they may adopt cultures divergent from ours and overlook participation in the country’s plans and progress,” warned Kairuki.

Kairuki’s discussions with various economic investment institutions revealed the instrumental role played by second-generation diaspora in Tanzania and Africa’s successes, driven by their affinity with the continent.

The efforts led by the Tanzanian High Commission signify a concerted push to harness the expertise and resources of the diaspora community for the nation’s development, paving the way for enhanced collaboration and investment opportunities between Tanzania and the global financial market.

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Tanzania Declares End of Marburg Virus Disease Outbreak
Tanzania Foreign Investment News
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Tanzania Declares End of Marburg Virus Disease Outbreak

Tanzania Declares End of Marburg Virus Disease Outbreak

Tanzania today declared the end of Marburg virus disease outbreak after recording no new cases over 42 days since the death of the last confirmed case on 28 January 2025.

The outbreak, in which two confirmed and eight probable cases were recorded (all deceased), was the second the country has experienced. Both this outbreak, which was declared on 20 January 2025, and the one in 2023 occurred in the north-eastern Kagera region.

In response to the latest outbreak, Tanzania’s health authorities set up coordination and response systems, with support from World Health Organization (WHO) and partners, at the national and regional levels and reinforced control measures to swiftly detect cases, enhance clinical care, infection prevention as well as strengthen collaboration with communities to raise awareness and help curb further spread of the virus.

Growing expertise in public health emergency response in the African region has been crucial in mounting effective outbreak control measures. Drawing on experience from the response to the 2023 Marburg virus disease outbreak, WHO worked closely with Tanzanian health authorities to rapidly scale up key measures such as disease surveillance and trained more than 1000 frontline health workers in contact tracing, clinical care and public health risk communication. The Organization also delivered over five tonnes of essential medical supplies and equipment.

“The dedication of frontline health workers and the efforts of the national authorities and our partners have paid off,” said Dr Charles Sagoe-Moses, WHO Representative in Tanzania. “While the outbreak has been declared over, we remain vigilant to respond swiftly if any cases are detected and are supporting ongoing efforts to provide psychosocial care to families affected by the outbreak.”

Building on the momentum during the acute phase of the outbreak response, measures have been put in place to reinforce the capacity of local health facilities to respond to potential future outbreaks. WHO and partners are procuring additional laboratory supplies and other equipment for disease detection and surveillance and other critical services.

Marburg virus disease is highly virulent and causes haemorrhagic fever. It belongs to the same family as the virus that causes Ebola virus disease. Illness caused by Marburg virus begins abruptly. Patients present with high fever, severe headache and severe malaise. They may develop severe haemorrhagic symptoms within seven days.

In the African region, previous outbreaks and sporadic cases have been reported in Angola, the Democratic Republic of the Congo, Ghana, Kenya, Equatorial Guinea, Rwanda, South Africa and Uganda.

Source: allafrica.com

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