A delegation from both the Public and Private Sector recently paid a business visit to their neighbors in Mauritius. The delegation led by the Tanzanian Premier Hon. Kassim Majaliwa together with Hon. Khalid Mohamed, Minister for Finance and Planning – Revolutionary Government of Zanzibar, leaders from the Apex Private sector body and Tanzania Investment Centre.
The forum dubbed “Mauritius-Tanzania Trade and Investment” was organized by the Tanzania Investment Centre in collaboration with MCCI and took place 23rd March 2017 in Port Louis. This year’s theme “Strengthening bilateral Trade relations and Investment opportunities” is aimed at nurturing trade initiatives whose ultimate goal is to improve business environment, Increase business opportunities, formalize trade, and strengthen economic ties between the United Republic of Tanzania and Mauritius.
Prime Minister Pravind Jugnauth reiterated the government of Mauritius commitment to work on an air access policy between Mauritius and the East African Community. He also indicated that Tanzania remains one of the main trading partners for Mauritius.
Speaking at the forum Hon. Kassim Majaliwa commended the longstanding bilateral relations which existed between Mauritius and Tanzania. He also enumerated the plethora of investment opportunities in sectors such as tourism, agro-industry, mining and infrastructure which Mauritian investors can tap into.
Mr. Godfrey Simbeye, Executive Director of Tanzania Private Sector Foundation delineated the ecosystem set-up by Tanzania to facilitate doing business for foreign investors. Tanzania presents abundant investment opportunities in agriculture, manufacturing, fishing, ICT, and infrastructure development and the private sector has been encouraged to venture in those sectors.
Prior to this forum, the Tanzania Investment Centre signed a Memorandum of Understanding (MoU) with its Mauritius counterpart, the Mauritius Investment Board earlier in Dar-es-Salam. The MoU aims at facilitating investment and improving sharing of information between Mauritius and Tanzania. Moreover, discussions are ongoing regarding the signing of a Double Taxation Avoidance Agreement between the two countries.
Presentations on Business environment and Investment Opportunities were also showcased by the Tanzania Investment Centre (TIC), the Zanzibar Investment Promotion Authority (ZIPA) and the Board of Investment Mauritius (BOI).