Login

Lost your password?

Sign Up

Register

Login

Login

Lost your password?

Register

Monday, May 23, 2022
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion

Africa's
Investment
Gateway

The Exchange
  • Login
  • Register
Subscribe
This Month's Edition
Previous Editions
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
No Result
View All Result
The Exchange
LOGIN
Tanzania president Samia Suluhu Hassan waves to cheering crowds. Photo By State House

Tanzania president Samia Suluhu Hassan waves to cheering crowds. Photo By State House

Tanzania: President visiting France, Belgium to rekindle relations

Suluhu is attending the One Ocean Summit hosted by French President Emmanuel Macron.

by Giza Mdoe
March 17, 2022
in Investing, Tanzania
0
Share on FacebookShare on LinkedIn
  • Samia Suluhu is expected to attend the One Ocean Summit and the Heads of State Conference
  • Samia Suluhu and her host French President Emmanuel Macron, are also expected to witness the signing of various agreements between Tanzanian and France
  • The three-day summit discusses ocean safety and actions against the threats to the water bodies

 

President Samia Suluhu Hassan is in France for a state visit after which, Tanzania’s first female President will head on to Belgium.

While in France, the President is expected to attend the One Ocean Summit and the Heads of State Conference to among other things, discuss global marine resources. The President and her host French President Emmanuel Macron, are also expected to witness the signing of various agreements between Tanzanian and France.

According to a Presidential communiqué, the agreements to be signed focus on development projects, cooperation in the blue economy, maritime security, the transport sector and overall sustainable development.

While in France, President Samia attended the One Ocean Summit in Brest. The three-day summit discusses ocean safety and actions against the threats to the ocean. Among other things, initiatives launched at the summit aim to protect the marine ecosystem and develop sustainable fisheries.

The initiatives seek to fight pollution particularly from plastics as well as to respond to the impacts of climate change and to advocate for improved governance of oceans.

This State Visit follows last year’s visit to Tanzania by French Minister for Foreign Trade and Economic Attractiveness, Franck Riester, who visited the East African economic hub in October  2021.

During his visit, the delegate, who is attached to the French Minister for Europe and Foreign Affairs, met with the Vice-President of the United Republic of Tanzania Hon. Philip Mpango.

Riester, who was accompanied by a French business delegation inaugurated the first direct Air France flight between Paris and the airport in Zanzibar in 1974. He also launched what is dubbed the Transport Task Force and Business France team in Tanzania.

Riester’s visit was in line with the ongoing French effort to strengthen bilateral relations with Tanzania. It also followed an earlier visit to France by the Tanzanian President back in May 2021  the summit on May 18 when she participated at the financing African economies summit in Paris.

The meeting, on the sidelines of the Tanzanian Vice-President’s participation in the Generation Equality Forum in Paris, provided an opportunity to discuss the main issues in the bilateral relationship, economic cooperation between our two countries and development aid priorities in Tanzania, as well as the prospects for cooperation in new fields, like climate change and protecting biodiversity.

Preceding both visits, was an earlier visit to France by John Kabudi, Tanzania’s Minister of Foreign Affairs and East African Cooperation who was hosted by his French counterpart, Jean-Yves le Drian, the French Minister for Europe and Foreign Affairs back in February of last year.

The visit served as an endorsement of the bilateral relationship between France and Tanzania. During the meeting, the minister underscored the importance of Tanzania’s role in East Africa, notably with respect to regional integration and the fight against terrorism.

The delegates also discussed economic and political reforms that are underway in Tanzania as well as relations between the EU and Tanzania and prospects for the resumption of dialogue between the two parties.

Among other notable topics that were deliberated during that visit is the political situation in the Great Lakes Region, specifically Lake Victoria, the source of the Nile whose waters remain a topic of discourse between Egypt and countries at the source.

French Investment in Tanzania

Notably, France, through the Agence Française de Développement has been increasing its commitments in Tanzania that average €50 million per year. This support has been mainly directed to the areas of water and energy, transport infrastructure, urban development and private sector development.

However, when it comes to trade, France is, shall we say ‘a modest trading partner’ with exports falling to €127 million in 2016 from a high of Exports of €160 million just the year before.

While almost two-thirds of French exports to Tanzania are pharmaceuticals, the latter exports mostly agricultural, silvicultural, fishery and aquaculture products to France. Similarly, French investment in Tanzania also remains modest. With about 40 companies investing in Tanzania, French FDI to Tanzania is estimated at €23.6 million (2015).

 

France entrepreneurs in Rwanda on a business mission

Belgium – Tanzania Economic Relations

After her visit to France, Tanzania’s President Samia Suluhu Hassan will head on to Belgium for yet another State Visit. Tanzania is a partner country of the Belgian Development Cooperation and over the past 10 years, Belgium has notably ranked 15th bilateral donor to Tanzania based on average the period 2010-2019.

Most recently, Belgian Official Development Aid to Tanzania has averaged about €11 million per year. direct bilateral governmental aid is implemented by the Belgian Development Agency, Enabel. Through this arm, Belgium is currently implementing two projects, in Tanzania, notably the Sustainable Agriculture Kigoma Regional Project and the Water and Sanitation Kigoma Regional Project that both have a total value of €20 million.

As for indirect aid in Tanzania Belgium works mainly through non-governmental organizations covering different thematic areas.  Through these organizations, Belgium has extended Tanzania funding totalling around €21 million over the course of the last five years alone.

Further still, through the Trade for Development Centre and the Belgian Investment Company for Developing Countries (BIO), Belgium also supports the development of the private sector in Tanzania, through training and various types of investments as well as grants and loans.

Rwanda, Belgium sign financial agreement to improve electricity access

President of Africa’s Largest Lender AfDB Visits Tanzania

This strategic State Visit comes only a day after the African Development Bank Group President Dr. Akinwumi A. Adesina began his three-day official visit to Tanzania. This visit by the head of the Bank is seen as a clear sign of ongoing support by the continent’s largest lender to the country.

Before her departure, President Samia welcomed and hosted the Bank Group chief and together laid the foundation stone for a 112.3 km Dodoma City Outer Ring Road, a project that is co-financed by the Bank.

The Bank’s Board approved $214.69 million in funding for the project last year with the Bank Group financing 64% of the project or $137.3 million.

On its part, the government of Tanzania’s contribution to the project is US

tanzania's president
Samia Suluhu. She is in France and later head to Belgium after the One Ocean Summit. [Photo/Le Journal de l’Afrique]
$34.5 million, while an additional $41.8 million is derived from the Africa Growing Together Fund that is financed by the People’s Bank of China.

Read: How Tanzania’s new leadership under a woman is building confidence

Tags: AfDBBelgiumFrancePesident Samia SuluhuSamiaSuluhuTanzania

STATE OF ECONOMY - GET THE REPORT

ASSESSING EAST AFRICA

Loading...

Giza Mdoe

Giza Mdoe is an experienced journalist with 10 plus years. He's been a Creative Director on various brand awareness campaigns and a former Copy Editor for some of Tanzania's leading newspapers. He's a graduate with a BA in Journalism from the University of San Jose.

Related Posts

www.theexchange.africa
Industry and Trade

Kenya’s hospitality sector performance improves thanks to international tourism

May 23, 2022
Angola: Huge Investment Opportunities in fossil fuels despite production decline in Africa. www.theexchange.africa
Investing

Angola: Huge Investment Opportunities in fossil fuels despite production decline in Africa

May 23, 2022
Investing

The business of Green Bonds in Africa

May 23, 2022
Next Post
A coal engine at the Hwange Colliery mines. The giant company could have powered Zimbabwe and the larger Southern Africa region. www.theexchange.africa

Zimbabwe: Communities becoming discontent with Chinese investors

African women in STEM. The International Day of Women and Girls in Science is an opportune occasion to empower them. www.theexchange.africa

Africa: Breaking barriers to promote Women and Girls in Science

Kenya: M-Pesa starts Ethiopia operations by May 2022

Please login to join discussion




This months edition

May Edition

Features

EdTech role in African development
Tech & Business

EdTech’s role in African development

by Kanyali Muthui
May 16, 2022
0

Due to the pandemic, the topic of innovation in education has never been more crucial.  While most developed countries moved...

Read more
investment in African science and technology
Tech & Business

Investing in Africa’s science and technology: Where are we now?

by Kanyali Muthui
May 16, 2022
0

The continent’s digital revolution can largely be driven by building the necessary skills for the short- and long-term future, and...

Read more
Fintech revolution in Africa
Tech & Business

The Fintech Revolution in Africa’s FX Markets

by Kanyali Muthui
May 11, 2022
0

With over 548 million registered mobile money users in sub-Saharan Africa, increased internet access and readily available mobile money solutions,...

Read more
www.theexchange.africa
Countries

US – Nigeria Trade Relations: An Overview

by Wanjiku Njugunah
May 2, 2022
0

Nigeria is currently the United States' 54th largest goods trading partner, with US$7.8 billion in total goods trade as of...

Read more
A previous conference for African Insurtech sector. The Insurtech boom is deepening insurance uptake in Africa. www.theexchange.africa
Tech & Business

Insurtech boom deepening the uptake of insurance in Africa

by june njoroge
May 2, 2022
0

Kenya-based Pula is another distinguished insurtech making waves in the continent. It provides small scale farmers with agricultural insurance and...

Read more

News

Banking
Industry & Trade
Investing
Money Deals
Regional Markets
Tech & Biz
Opinion

Countries

Kenya
Tanzania
Uganda
Burundi
Rwanda
Southern Africa
Ethiopia

More

My Account
Contact us
Advertise
About us
Help Center

Subscribers Center

E-paper
Premium Stories
Education Rates
Corporate Subscriptions
Weekely Newsletter

  • My account
  • About us
  • Advertise
  • Contact
  • Privacy Policy
  • Refund Policy – The Exchange
  • Sitemap

No Result
View All Result
  • Home
  • Banking
  • Industry & Trade
  • Investing
  • Money Deals
  • Regional Markets
  • Tech & Biz
  • Countries
  • Opinion
  • Login
  • Sign Up
  • Cart

© 2021 The Exchange - Powered by MediapixManaged by Supported by Digihandler,

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In