Browsing: Kenya Tanzania

East Africa’s most close trade partners, Kenya and Tanzania have resuscitated their relationship, as President Samia Suluhu Hassan and Uhuru Kenyatta improve their relations by tying new deals to the table.

This new dawn comes as President Samia executes her strategic state visit in Kenya since the last visit made by her predecessor the late President John Magufuli in 2016.

According to information from The Citizen, the two neighboring countries agreed on fortifying trade and economic relations and “re-energize the joint commission on cooperation”.

The central bank of Tanzania (BoT) and Tanzania Revenue Authority (TRA) data show that Tanzania’s trade with Kenya registered a deficit of $35.8 million in 2018, which is less than a surplus of $90.2 million in 2017.

Further, Tanzania and Kenya agreed on building cooperation in fruitful economic sectors, tourism, transport, and logistics, and arise plans to build a natural gas pipeline between Dar es Salaam …