Tanzania, May 7 – According to reports, East African nation Tanzania is poised to reap some mutual benefits from the bilateral partnership with the nation of Israel following the business forum hosted in Tanzania in the month of April. The two parties have agreed to work together for the robust growth of key sectors in their countries to improve their economical statuses.
Tanzania – Israel Business Investment Forum (TIBIF) brought together a number of key market players from either sides of the countries, converging under one umbrella to share ideas on how to potentially drive their nations forward by paying attention and laying foundation on the critical areas of their countries. Entrepreneurs, investors and government officials graced the occasion with their presence, as a token of support to the each other.
President John Magufuli is delighted to have the chance to host prominent leaders from Israeli territory who are enthusiastic about investing in Africa and helping countries develop themselves. His leadership, character and charisma has seen investors’ numbers increase over his regime. It has painted a good picture to the government and country as well, triumphing over speculations of hard business environment.
Among the sectors to be invested in both countries include tourism, and agriculture. Arguably, these are the main sectors especially in Tanzania that sustain the country’s economy and heavily contribute to the GDP of the nation. Tanzania is a powerhouse in the field of tourism, setting pace in the East African region. Its tourism wealth has been preferred to other African countries including South Africa.
Agriculture is Israel’s stronghold despite its location. The nation has been able to excel in farming due to the modern ways of farming and use of technology to feed its citizens. Both countries will learn from one another how to grow together as they establish stronger bilateral ties, for trade as well.