Trending
- AmCham Summit kicks off, setting course for robust future of US-East Africa trade ties
- Why the UN is raising the red flag on the UK-Rwanda asylum treaty
- Portugal’s Galp Energia projects 10 billion barrels in Namibia’s new oil find
- Wärtsilä Energy offers tips on how Africa can navigate energy transition and grid reliability
- Powering Africa: Africa’s Path to Universal Electricity Access
- Global investment trends at AIM Congress 2024: a spotlight on the keynote speakers
- South Africa’s deepening investment ties in South Sudan oil industry
- Agribusiness could drive Africa’s economic prosperity
Browsing: The Citizen
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 …
The European Union (EU) is set to provide over $57 million as development aid to Tanzania, marking a return of EU in the Tanzanian development landscape after the partner’s relations were married two years ago over human rights and rule of law concerns.
According to The Citizen, the EU Head of Delegation to Tanzania Manfredo Fanti revealed the release of the funds yesterday at State House, in Dar es Salaam, during a meeting with the Tanzanian President John Magufuli.
It was the first major funding announcement by the EU bloc which in December 2018 withheld 96 million in annual financial support to Tanzania amid a diplomatic fallout.
The EU is Tanzania’s biggest development partner, receiving over $100 million every year.
Also, the EU Deputy Head of Delegation, Emilio Rossetti revealed to The Citizen that the planned disbursements were assessed and finally approved in December 2019 after technical discussions.
“The implementation …